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.
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.
Term Loan Ratable Share means, with respect to any Term Lender on any date, the ratio of (a) the amount of such Lender’s outstanding Term Loans to (b) the aggregate amount of the outstanding Term Loans of all Term Lenders.
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, 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 outstanding as of such date.
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.
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.
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.
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.
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.
Term Loan Ratable Share means the proportion that a Bank's Term Loan Commitment bears to the Term Loan Commitments of all the Banks."