Term Pro Rata Share means, with respect to any Term Facility, when used with reference to any Lender and any described aggregate or total amount, an amount equal to the result obtained by multiplying such described aggregate or total amount by a fraction the numerator of which shall be such Lender’s then outstanding Loans under such Facility and the denominator of which shall be the amount of all then outstanding Loans under such Facility.
Term Pro Rata Share means, with respect to each Lender at any time, a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the Term Commitment of such Lender at such time and the denominator of which is the amount of the Aggregate Term Commitments at such time; provided that if the commitment of each Lender to make Term Loans have been terminated pursuant to Section 8.02, then the Term Pro Rata Share of each Lender shall be a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the Outstanding Amount of Term Loans owed to such Lender and the denominator of which is the Outstanding Amount of Term Loans owed to all Lenders. The initial Term Pro Rata Share of each Lender is set forth opposite the name of such Lender on Schedule 2.02 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.
Term Pro Rata Share means, at any time with respect to any Term Lender, (i) ratio (expressed as a percentage) of such Lender’s aggregate outstanding Term Advances plus any unfunded Term Commitments at such time to the total aggregate outstanding Term Advances and unfunded Term Commitments at such time, or (ii) if no Term Advances and no Term Commitments are then outstanding, then “Term Pro Rata Share” shall mean the “Term Pro Rata Share” most recently in effect, after giving pro forma effect to any Assignment and Acceptances.
Examples of Term Pro Rata Share in a sentence
With respect to its Loans and Commitments (and its Multicurrency Revolver Pro Rata Share, French Revolver Pro Rata Share, and Term Pro Rata Share, as applicable, thereof), Agent shall have and may exercise the same rights and powers hereunder and are subject to the same obligations and liabilities as and to the extent set forth herein for any other Lender or holder of Obligations.
The Administrative Agent will promptly distribute to each Lender its Term Pro Rata Share (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office.
Each prepayment of Term Loans constituting First Priority Debt made pursuant to Section 4.4 shall be allocated to such Term Loans based on the aggregate principal amount of the Scheduled Term Repayments based upon their applicable Term Pro Rata Share and pro rata to each Scheduled Term Repayment.
With respect to its Loans and Commitments (and its Multicurrency Revolver Pro Rata Share, Canadian Revolver Pro Rata Share and Term Pro Rata Share, as applicable, thereof), Agents shall have and may exercise the same rights and powers hereunder and are subject to the same obligations and liabilities as and to the extent set forth herein for any other Lender or holder of Obligations.
The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Term Pro Rata Share of such prepayment.
More Definitions of Term Pro Rata Share
Term Pro Rata Share means, with respect to any Term Lender, at any particular time, a fraction (expressed as a percentage), the numerator of which shall be the then outstanding principal balance of such Lender's Term Loan and the denominator of which shall be the aggregate outstanding balance of all Term Loans; provided, that at any particular time prior to the Closing Date, "Term Pro Rata Share" shall mean 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 Aggregate Term Loan Commitments.
Term Pro Rata Share means, with respect to each Bank, a fraction (expressed as a decimal, rounded to the fourth decimal place) set forth as such opposite the name of such Bank on Schedule 1.01.
Term Pro Rata Share means, with respect to each Bank, a fraction (expressed as a decimal, rounded to the fourth decimal place) the numerator of which is the Term Commitment of such Bank and the denominator of which is the Term Commitments of the Banks. The initial Term Pro Rata Share for each bank is the Pro Rata Share set forth as such opposite the name of such Bank on Schedule 1.01.
Term Pro Rata Share means, with respect to each Lender at any time, a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the Term Commitment of such Lender at such time and the denominator of which is the amount of the Aggregate Term Commitments at such time; provided that if the commitment of each Lender to make Term Loans have been terminated pursuant to Section 8.02 or otherwise, then the Term Pro Rata Share of each Lender shall be a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the Total Outstandings owed to such Lender and the denominator of which is the Total Outstandings owed to all Lenders. The initial Term Pro Rata Share of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.
Term Pro Rata Share means, with respect to each Lender, at any time, a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the portion of the Term Loan held by such Lender at such time and the denominator of which is the outstanding principal amount of the Term Loan. The initial Term Pro Rata Share is set out opposite the name of such Lender on Schedule 2.01(b) or in the Assignment and Assumption Agreement pursuant to which such Lender becomes a party hereto, as applicable.
Term Pro Rata Share means, with respect to any Term Facility, when used with reference to any Lender and any described aggregate or total amount, an amount equal to the result obtained by multiplying such described aggregate or total amount by a fraction the numerator of which shall be such Lender’s then outstanding Loans under such Facility (or if no Loans are outstanding under such Facility such Lender’s Term Commitment under such Facility) and the denominator of which shall be the amount of all then outstanding Loans under such Facility (or if no Loans are outstanding under such Facility, all Lenders’ Term Commitments under such Facility).
Term Pro Rata Share of any amount means, with respect to any Term Lender at any time, the product of such amount times a fraction the numerator of which is the amount of such Lender’s Term Commitment at such time (or, if the Commitments shall have been terminated pursuant to Section 2.05 or 6.01, such Lender’s Term Commitment as in effect immediately prior to such termination) and the denominator of which is the Term Facility at such time (or, if the Commitments shall have been terminated pursuant to Section 2.05 or 6.01, the Term Facility as in effect immediately prior to such termination). The initial Term Pro Rata Share of each Lender is set forth opposite the name of that Lender in Schedule I annexed hereto under the heading “Term Pro Rata Share”; provided that Schedule I shall be amended and each Term Pro Rata Share shall be adjusted from time to time to give effect to the execution of any supplements, amendments or modifications to this Agreement and the addition or removal of any Lender as provided herein or by assignment pursuant to Section 9.07.