Term Loan Pro Rata Share definition

Term Loan Pro Rata Share means, with respect to any Term Loan Lender, the percentage obtained by dividing (i) such Lender’s Term Loans at such time by (ii) the aggregate amount of the Term Loans at such time.

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Term Loan Pro Rata Share has the meaning described in Section 2.2.1.

Term Loan Pro Rata Share means, with respect to any Term Lender and any described aggregate or total amount, the amount equal to the result obtained by multiplying such described aggregate or total amount by a fraction, the numerator of which shall be the portion of the Term Loan made by such Lender and outstanding at the time and the denominator of which shall be the aggregate amount of the Term Loan made by all of the Term Lenders and outstanding at the time.

Examples of Term Loan Pro Rata Share in a sentence

Each Lender shall deposit an amount equal to its Term Loan Pro Rata Share of the Term Loans with the Administrative Agent at its office in Chicago, Illinois, in immediately available funds, on the Closing Date, as specified in the Borrowing/Election Notice.
Each Lender’s Delayed Draw Term Loan Commitment shall be permanently reduced immediately and without further action upon the funding of each Delayed Draw Term Loan by an amount equal to such Lender’s Delayed Draw Term Loan Pro Rata Share of such Delayed Draw Term Loan.
The Agent will promptly distribute to each Lender (x) in respect of any Loan other than Term Loans, such Lender’s Pro Rata Share (or other applicable share as expressly provided herein) of such payment in like funds as received and (y) in respect of any Term Loan, such Lender’s Term Loan Pro Rata Share of such payment in like funds as received.
Spa Acquisition, a term loan, in Dollars, to the Borrower in an aggregate amount equal to such Lender's Term Loan Pro Rata Share of the C.
The proportionate share set forth below opposite each Lender's name is herein called such Lender's "Term Loan Pro Rata Share": Term Loan Term Loan LENDER COMMITTED AMOUNT PRO RATA SHARE NationsBank $27,000,000 100% TOTAL TERM LOAN COMMITTED AMOUNT: $27,000,000 100% The obligation of each Lender to make a Term Loan is several and is limited to its Term Loan Committed Amount, and such obligation of each Lender is herein called its "Term Loan Commitment".

More Definitions of Term Loan Pro Rata Share

Term Loan Pro Rata Share means, (i) at any particular time prior to making of the Term Loans and with respect to any Lender, a fraction (expressed as a percentage), the numerator of which shall be the then aggregate amount of such Lender’s Term Loan Commitment and the denominator of which shall be the then aggregate amount of all Term Loan Commitments, and (ii) at any time after the Term Loans are made and with respect to any Lender, a fraction (expressed as a percentage) the numerator of which shall be the outstanding principal balance of such Lender’s Term Loans and the denominator of which shall be the then outstanding principal balance of the Term Loans.

Term Loan Pro Rata Share means, as applicable, (a) as to any Term B-2 Lender, Term B-3 Lender or Term B-4 Lender, the ratio of such Holder’s Allowed Term B-2 Loan Claims, Allowed Term B-3 Loan Claims or Allowed Term B-4 Loan Claims, as applicable, to the sum total of all Allowed Term B-2 Loan Claims, Allowed Term

Term Loan Pro Rata Share means, (i) at any particular time prior to making of the Term Loans and with respect to any Lender, a fraction (expressed as a percentage), the numerator of which shall be the then aggregate amount of such Lender's Term Loan Commitment and the denominator of which shall be the then aggregate amount of all Term Loan Commitments, and (ii) at any time after the Term Loans are made and with respect to any Lender, a fraction (expressed as a percentage) the numerator of which shall be the outstanding principal balance of such Lender's Term Loans and the denominator of which shall be the then outstanding principal balance of the Term Loans.

Term Loan Pro Rata Share means, at any time for any Term Loan Lender, the ratio that the outstanding principal balance of such Term Loan Lender’s Term Loans bears to the outstanding principal balance of all Term Loans.

Term Loan Pro Rata Share means, (i) with respect to any Term Lender, the percentage obtained by dividing (a) the principal amount of such Term Lender's Term Loan (as adjusted from time to time in accordance with the provisions of this Agreement or any Assignment and Acceptance to which such Term Lender is a party) by (b) the aggregate principal amount of all of the Term Loans.

Term Loan Pro Rata Share means, with respect to any Lender, (i) at any time prior to the funding of the Term Loans, a fraction (expressed as a percentage), the numerator of which shall be the then aggregate amount of such Lender's Term Loan Commitment and the denominator of which shall be the then Aggregate Term Loan Commitment, and (ii) at any time after the funding of any Term Loan Installment, a fraction (expressed as a percentage), the numerator of which shall be the sum of the outstanding principal balance of such Lender's Term Loans with respect to any funded Term Loan Installment and such Lender's Term Loan Commitment with respect to any unfunded Term Loan Installment and the denominator of which shall be the outstanding principal balance of all Term Loans with respect to any funded Term Loan Installment and all Term Loan Commitments with respect to any unfunded Term Loan Installment.

Term Loan Pro Rata Share or "Pro Rata Share".