Tranche A Commitment Percentage definition

Tranche A Commitment Percentage means, with respect to each Tranche A Lender, that percentage of the Tranche A Commitments of all Lenders hereunder to make Tranche A Loans to the Borrowers in the amount set forth opposite its name on Schedule I hereto or as may subsequently be set forth in the Register from time to time, as the same may be increased or reduced from time to time pursuant to this Agreement, or if the Tranche A Commitments have been terminated, such percentage as calculated immediately prior to such termination.

Tranche A Commitment Percentage means, at any time, with respect to each Tranche A Lender, the percentage obtained by dividing its Tranche A Commitment at such time by the Total Tranche A Commitment or, if the Tranche A Commitments have been terminated, the Tranche A Commitment Percentage of each Tranche A Lender that existed immediately prior to such termination.

Tranche A Commitment Percentage as to any Tranche A Lender at any time, the percentage of the Tranche A Commitments then constituted by such Tranche A Lender's Tranche A Commitment (or, after the Tranche A Term Loans are made, the percentage of the aggregate Tranche A Term Loans then constituted by such Tranche A Lender's Tranche A Term Loan).

Examples of Tranche A Commitment Percentage in a sentence

• Whenever any Tranche A Lender has made payments to the Issuing Bank in respect of any reimbursement obligation for any Letter of Credit, such Tranche A Lender shall be entitled to share ratably, based on its Tranche A Commitment Percentage, in all payments and collections thereafter received on account of such reimbursement obligation.

• The failure of any Tranche A Lender to make available to the Issuing Bank its Tranche A Commitment Percentage of any payment under any Letter of Credit shall neither relieve any Tranche A Lender of its obligation hereunder to make available to the Issuing Bank its Tranche A Commitment Percentage of any payment under any Letter of Credit on the date required, as specified above, nor increase the obligation of such other Tranche A Lender.

• The Administrative Agent shall pay the Unused Fee to the Tranche A Lenders and the Tranche A-1 Lenders, as applicable, upon the Administrative Agent’s receipt of the Unused Fee based upon their Tranche A Commitment Percentage or Tranche A-1 Commitment Percentage, as applicable, of an amount equal to the aggregate Unused Fee to all Tranche A Lenders or Tranche A-1 Lenders, as applicable.

• When the Manufacturer is the direct Supplier, this requirement is fulfilled with Item D.

• If the Borrower fails to make such payment when due, the Administrative Agent shall notify each Tranche A Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Tranche A Lender’s Tranche A Commitment Percentage thereof.

More Definitions of Tranche A Commitment Percentage

Tranche A Commitment Percentage means at any time, with respect to each Lender, the percentage obtained by dividing its Tranche A Commitment at such time by all Tranche A Commitments at such time.

Tranche A Commitment Percentage means as to any Tranche A Bank at any time, the percentage which such Tranche A Bank’s Tranche A Commitment then constitutes of the Aggregate Tranche A Commitment Amount (or, at any time after the Commitments of all the Tranche A Banks shall have expired or terminated, the percentage which the aggregate principal amount of such Bank’s Tranche A Loans then outstanding (plus the amount of its participation interest in any Unrefunded Swing Line Advances that are Tranche A Swing Line Advances) constitutes of the aggregate principal amount of the Tranche A Loans of all the Banks then outstanding); provided that when a Defaulting Bank shall exist, “Tranche A Commitment Percentage” shall mean the percentage of the Aggregate Tranche A Commitment Amount (disregarding any Defaulting Bank’s Commitment) represented by such Bank’s Tranche A Commitment; and, if the Tranche A Commitments have terminated or expired, the Tranche A Commitment Percentages shall be determined based upon the Tranche A Commitments most recently in effect (disregarding the Tranche A Commitment Amount of any Bank that is a Defaulting Bank at the time of determination).

Tranche A Commitment Percentage means the percentage of the Aggregate Tranche A Commitment Amount (disregarding any Defaulting Bank’s Commitment) represented by such Bank’s Tranche A Commitment; and, if the Tranche A Commitments have terminated or expired, the Tranche A Commitment Percentages shall be determined based upon the Tranche A Commitments most recently in effect (disregarding the Tranche A Commitment Amount of any Bank that is a Defaulting Bank at the time of determination).

Tranche A Commitment Percentage means at any time, for each Tranche A Lender, the percentage obtained by dividing (a) such Tranche A Lender’s Tranche A Commitment at such time by (b) the aggregate amount of Tranche A Commitments of all Lenders at such time, provided that at any time when the Tranche A Commitment shall have been terminated, each Tranche A Lender’s Tranche A Commitment Percentage shall be the percentage obtained by dividing (a) such Tranche A Lender’s Revolving Credit Exposure (other than in respect of Tranche A-1 Loans) at such time by (b) the Revolving Credit Exposure of all Lenders (other than in respect of Tranche A-1 Loans at such time).

Tranche A Commitment Percentage as to any Bank, the percentage of the aggregate Tranche A Commitments constituted by such Bank's Tranche A Commitment.

Tranche A Commitment Percentage means at any time, with respect to each Tranche A Bank, the percentage obtained by dividing its Tranche A Commitment at such time by the Total Tranche A Commitment at such time.

Tranche A Commitment Percentage of any Tranche A Lender at any time shall be that percentage which is equal to a fraction (expressed as a percentage) the numerator of which is the Tranche A Commitment of such Tranche A Lender at such time and the denominator of which is the aggregate Tranche A Commitments of the Tranche A Lenders at such time; provided that for purposes of subsection 4.17, “Tranche A Commitment Percentage” shall mean the percentage of the aggregate Tranche A Commitments (disregarding the Tranche A Commitment of any Defaulting Lender) represented by such Tranche A Commitment; provided, further, that if any such determination is to be made after the termination of the Tranche A Commitments, the determination of such percentages shall be made immediately before giving effect to such termination.