Examples of Term Loan B Percentage in a sentence
The percentage equal to the quotient of (x) each Lender's Term Loan B Commitment, divided by (y) the aggregate of all Term Loan B Commitments, is that Lender's "Term Loan B Percentage." The aggregate amount of the Term Loan B Commitments is Fifteen Million Dollars ($15,000,000).
The Administrative Agent shall notify each Lender, as applicable, of such Lender's respective Revolving Loan Percentage Share, Term Loan A Percentage Share and/or Term Loan B Percentage Share of the requested Loan or Loans no later than 10:00 a.m. (San Francisco time) on the date such notice is received by the Administrative Agent (which notice by the Administrative Agent to the Lenders may be given telephonically).
The percentage equal to the quotient of (x) each Lender's Term Loan B Commitment, divided by (y) the aggregate of all Term Loan B Commitments, is that Lender's "Term Loan B Percentage." The aggregate amount of the Term Loan B Commitments is Ten Million Dollars ($10,000,000).
Subject to the terms and conditions of this Agreement, each Lender severally and for itself alone agrees to make a single advance to the Company on the Third Amendment Effective Date (the “Term Loan B Advance”) in an amount equal to such Lender’s Term Loan B Percentage of the Term Loan B Aggregate Commitment.
Each Lender shall, not later than 2:00 p.m. (Milwaukee time) on each requested date, wire to a bank designated by Agent the amount of that Lender's Revolving Credit Percentage of the requested Revolving Credit Loan or the amount of that Lender's Term Loan B Percentage of the requested Term Loan B.