Tranche A Pro Rata Share definition

Tranche A Pro Rata Share means, at any time, with respect to any Tranche A Bank, the percentage corresponding to the fraction, the numerator of which shall be the amount of the Tranche A Commitment of such Tranche A Bank, and the denominator of which shall be the aggregate amount of the Tranche A Commitments of all of the Tranche A Banks and, if the Tranche A Commitments shall have been terminated, the numerator of which shall be the Tranche A Accommodations Outstanding of such Tranche A Bank and the denominator of which shall be the Tranche A Accommodations Outstanding of all Tranche A Banks.

Tranche A Pro Rata Share. Tranche B Pro Rata Share", or "Pro Rata Share".

Tranche A Pro Rata Share means, at any particular time and with respect to any Lender, a fraction (expressed as a percentage), the numerator of which shall be the then outstanding principal balance of such Lender's Tranche A Term Loans and the denominator of which shall be the then outstanding principal balance of all Tranche A Term Loans.

Examples of Tranche A Pro Rata Share in a sentence

• Immediately upon the issuance of each Letter of Credit, each Tranche A Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Letter of Credit Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Tranche A Lender’s Tranche A Pro Rata Share times the amount of such Letter of Credit.

• If such Borrower fails to so reimburse the Letter of Credit Issuer by such time, the Administrative Agent shall promptly notify each Tranche A Lender of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Tranche A Lender’s Tranche A Pro Rata Share thereof.

• Without limitation of the foregoing, each Tranche A Lender (and, to the extent aforesaid, each Tranche A-1 Lender) agrees to reimburse the applicable Letter of Credit Issuer promptly upon demand for its Tranche A Pro Rata Share or Tranche A-1 Pro Rata Share, as applicable, of any costs or expenses payable by any Borrower to such Letter of Credit Issuer, to the extent that such Letter of Credit Issuer is not promptly reimbursed for such costs and expenses by a Borrower.

• Such amounts made available to the Administrative Agent shall be applied against the amounts of the applicable Swingline Loan or Agent Advance and, together with the portion of such Swingline Loan or Agent Advance representing the Swingline Lender’s Tranche A Pro Rata Share thereof, shall constitute Tranche A Revolving Loans of the Tranche A Lenders, respectively.

• Each Tranche A Lender shall make the amount of such Tranche A Lender’s Tranche A Pro Rata Share of any requested Borrowing of Tranche A Revolving Loans, and each Tranche A-1 Lender shall make the amount of such Tranche A-1 Lender’s Tranche A-1 Pro Rata Share of any requested Borrowing of Tranche A-1 Revolving Loans, available in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. (New York, New York time) on the Funding Date applicable thereto.

More Definitions of Tranche A Pro Rata Share

Tranche A Pro Rata Share means, with respect to a Tranche A Lender, a fraction (expressed as a percentage), the numerator of which is the amount of such Tranche A Lender’s Tranche A Commitment and the denominator of which is the sum of the amounts of all of the Tranche A Lenders’ Tranche A Commitments, or if no Tranche A Commitments are outstanding, a fraction (expressed as a percentage), the numerator of which is the principal amount of Obligations owed to such Tranche A Lender and the denominator of which is the aggregate principal amount of the Obligations owed to the Tranche A Lenders, in each case giving effect to a Tranche A Lender’s participation in Letters of Credit, Swingline Loans and Agent Advances.

Tranche A Pro Rata Share means, with respect to each Bank, the percentage of the combined Tranche A Commitments set forth opposite the name of that Bank on Schedule 2.1.

Tranche A Pro Rata Share means, with respect to any Lender, a fraction (expressed as a percentage), the numerator of which is the outstanding principal amount of such Lender’s Tranche A Loan (or, prior to the making of the initial Loans, such Lender’s Tranche A Commitment) and the denominator of which is the outstanding principal amount of all Tranche A Loans of all Lenders (or, prior to the making of the initial Loans, the aggregate of the Tranche A Commitments of all Lenders).

Tranche A Pro Rata Share means, with respect to a Lender, a fraction (expressed as a percentage), the numerator of which is the amount of such Lender's Tranche A Commitment and the denominator of which is the aggregate amount of the Tranche A Commitments.

Tranche A Pro Rata Share means, with respect to each Tranche A Lender, the percentage obtained by dividing the Tranche A Loan Exposure of that Tranche A Lender by the aggregate Tranche A Loan Exposure of all Tranche A Lenders, in each case as such percentage may be adjusted by assignments permitted pursuant to subsection 9.1. The initial Tranche A Pro Rata Share of each Tranche A Lender is set forth opposite the name of that Tranche A Lender in Schedule 2.1 annexed hereto.

Tranche A Pro Rata Share means, at any particular time 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 Revolving Credit Commitment plus the outstanding principal balance of such Lender's Tranche A Term Loans and the denominator of which shall be the then aggregate amount of all Revolving Credit Commitments and the outstanding principal balance of the Tranche A Term Loans.

Tranche A Pro Rata Share means, with respect to all payments, computations and other matters relating to the Tranche A Term Loan Commitment or Tranche A Term Loan of any Lender, the percentage obtained by dividing (x) the Tranche A Term Loan Exposure of that Lender by (y) the aggregate Tranche A Term Loan Exposure of all Lenders. The initial Tranche A Pro Rata Share of each Lender is set forth opposite the name of that Lender in Schedule 2.1 annexed hereto.