Term Loan Ratable Share definition

Term Loan Ratable Share means, as of any date of determination, a fraction, the numerator of which is the total outstanding principal amount of Term Loans as of such date and the denominator of which is an amount equal to the sum of (i) the total principal amount of Term Loans outstanding as of such date and (ii) the total principal amount of Senior Secured Notes (2010) outstanding as of such date.
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Term Loan Ratable Share means, with respect to any Term Loan Lender at any time, the ratio (expressed as a percentage) of (a) the outstanding principal balance of such Term Loan Lender’s Term Loans at such time to (b) the total outstanding principal balance of the Term Loans.
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Term Loan Ratable Share means (i) on the Closing Date, the proportion that a Bank's Term Loan Commitment bears to the Term Loan Commitments of all of the Banks, and (ii) thereafter, the proportion that a Bank's Term Loan bears to the aggregate Term Loans of the Banks. TERM NOTES shall mean, collectively, and TERM NOTE shall mean, separately, all of the Term Notes of the Borrowers in the form of EXHIBIT 1.1(T) issued by the Borrowers at the request of a Bank pursuant to Section 5.10 evidencing the Term Loans together with all amendments, extensions, renewals, replacements, refinancings or refunds thereof in whole or in part. TRANCHE A TERM LOAN shall have the meaning assigned to that term in Section 3.1.
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Examples of Term Loan Ratable Share in a sentence

  • In addition, each Bank agrees promptly upon demand to reimburse the Agent (to the extent not reimbursed by the Loan Parties and without limiting the Obligation of the Loan Parties to do so) in proportion to its Revolving Credit Ratable Share and its Term Loan Ratable Share, as applicable, for all amounts due and payable by the Loan Parties to the Agent in connection with the Agent's periodic audit of the Loan Parties' books, records and business properties.

  • Each Lender severally agrees to disburse its Term Loan Ratable Share of the Term Loan to or as directed by Borrower when all of the terms and conditions set forth in Article IV have been satisfied.


More Definitions of Term Loan Ratable Share

Term Loan Ratable Share means, for any Bank, the proportion that such Bank's Term Loan Commitment bears to the Term Loan Commitments of all of the Banks. TERM NOTES shall mean collectively and TERM NOTE shall mean separately all of the Renewal Term Notes of the Borrowers in the form of EXHIBIT 1.1(T) evidencing the Term Loans together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part. TOTAL FUNDED DEBT shall mean, as of any date of determination, the sum, without duplication, of the following amounts for the Borrowers and their Subsidiaries on a consolidated basis: (a) all indebtedness for borrowed money, including, without limitation, all outstanding Loans, the face amount of all Letters of Credit and without duplication, the amount of all drafts drawn and unpaid thereunder, (b) that portion of obligations with respect to capital leases of the Borrowers or their Subsidiaries which are properly classified as a liability on their balance sheet in accordance with GAAP, (c) notes payable and drafts accepted representing extensions of credit whether or not representing obligations for borrowed money, (d) any obligation owed for all or any part of the deferred purchase price of property or services which purchase price is (i) due more than six months from the date of incurrence of the obligations in respect thereof, or (ii) evidenced by a note or similar written instrument, but excluding trade payables incurred in the ordinary course of business, (e) all indebtedness secured by any lien on any property or asset owned by any Borrower or any of Subsidiary of any Borrower regardless of whether the indebtedness secured thereby shall have been assumed by any Borrower or any of their Subsidiaries or is non-recourse to the credit of the Borrowers or any of their Subsidiaries (it being expressly agreed that the amount of any such lien shall not exceed the fair market value of any such property or assets purported to be secured thereby, as determined at the time such indebtedness is incurred), and (f) all other Contingent Liabilities of the Borrowers and their Subsidiaries not otherwise included in clauses (a) through (e) above.
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Term Loan Ratable Share means the proportion that a Bank's Term Loan Commitment bears to the Term Loan Commitments of all of the Banks. TERM NOTES shall mean collectively and TERM NOTE shall mean separately all of the Term Notes of TEC in the form of EXHIBIT 1.1(T) hereto evidencing the Term Loans together with all amendments, extensions, renewals, replacements, refinancings or refunds thereof in whole or in part.
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Term Loan Ratable Share means the proportion that a Lender’s Term Loan Commitment bears to the Term Loan Commitments of all of the Lenders. Term Notes shall mean collectively and Term Note shall mean separately all of the Term Notes of the Borrower in the form of Exhibit 1.1(T) evidencing the Term Loans together with all amendments, extensions, renewals, replacements, refinancings or refunds thereof in whole or in part. Trade Letter of Credit shall mean a letter of credit issued in respect of the purchase of goods or services by one or more of the Loan Parties in the ordinary course of their business. Term Loan Repayment Date shall have the meaning assigned to such term in Section 5.6. Trade Receivables Securitization shall mean the sale of the receivables of the Loan Parties and their Subsidiaries to Xxxxx Factoring Company and subsequent sale to Market Street Funding Corporation and other conduit purchasers with a capital balance not to exceed $100,000,000 and any extensions, amendments or replacements on terms no less favorable than the terms of such securitization on the Closing Date and approved by the Agent as previously amended and as amended as of the date hereof as permitted hereby. Transaction Consideration shall have the meaning assigned to such term in Section 8.2.6.
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Term Loan Ratable Share means the proportion that a Bank's Term Loan Commitment bears to the Term Loan Commitments of all the Banks."
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Term Loan Ratable Share means the proportion that a Bank's Term Loan Commitment bears to the Term Loan Commitments of all of the Banks. TERM NOTES shall mean collectively and Term Note shall mean separately all of the Term Notes of the Borrower in the form of EXHIBIT 1.1(T) issued by the Borrower at the request of a Bank pursuant to Section 2.14 evidencing the Term Loans, together with all amendments, extensions, renewals, replacements, refinancings or refunds thereof in whole or in part. THUNDER BASIN LLC AGREEMENT shall mean that certain Limited Liability Company Agreement, dated as of July 10, 1998, as amended, of Thunder Basin Coal Company, L.L.C., a limited liability company organized and existing under the laws of the State of Delaware. TRANSFEROR BANK shall mean the selling Bank pursuant to an Assignment and Assumption Agreement.
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Term Loan Ratable Share the proportion that a Lender's Term Loan Commitment bears to the total Term Loan Commitment of all Lenders. Term Loan Rate: 16% per annum.
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Related to Term Loan Ratable Share

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Term Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Refinancing Revolving Lender has the meaning assigned to such term in Section 2.26(a).

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.