Tranche B Commitment Percentage definition
Tranche B Commitment Percentage means, at any time, with respect to each Tranche B Lender, the percentage obtained by dividing its Tranche B Commitment at such time by the Total Tranche B Commitment.
Tranche B Commitment Percentage as to any Tranche B Lender at any time, the percentage of the Tranche B Commitments then constituted by such Tranche B Lender's Tranche B Commitment (or, after the Tranche B Term Loans are made, the percentage of the aggregate Tranche B Term Loans then constituted by such Tranche B Lender's Tranche B Term Loan).
Tranche B Commitment Percentage means as to any Tranche B Bank at any time, the percentage which such Tranche B Bank’s Tranche B Commitment then constitutes of the Aggregate Tranche B Commitment Amount (or, at any time after the Commitments of all the Tranche B Banks shall have expired or terminated, the percentage which the aggregate principal amount of such Bank’s Tranche B Loans then outstanding (plus the amount of its participation interest in any Unrefunded Swing Line Advances that are Tranche B Swing Line Advances) constitutes of the aggregate principal amount of the Tranche B Loans of all the Banks then outstanding); provided that when a Defaulting Bank shall exist, “Tranche B Commitment Percentage” shall mean the percentage of the Aggregate Tranche B Commitment Amount (disregarding any Defaulting Bank’s Commitment) represented by such Bank’s Tranche B Commitment; and, if the Tranche B Commitments have terminated or expired, the Tranche B Commitment Percentages shall be determined based upon the Tranche B Commitments most recently in effect (disregarding the Tranche B Commitment Amount of any Bank that is a Defaulting Bank at the time of determination).
Examples of Tranche B Commitment Percentage in a sentence
Each Borrowing under this Section 2.1(a) shall be made from the several Tranche A Banks pro rata in accordance with such Bank’s Tranche A Commitment Percentage and from the several Tranche B Banks pro rata in accordance with such Bank’s Tranche B Commitment Percentage.
With respect to each Lender, such Lender’s Tranche A Commitment Percentage and/or Tranche B Commitment Percentage, as the case may be.
Each such prepayment shall be applied to the Loans of the Tranche B Lenders in accordance with their respective Tranche B Commitment Percentage.
If the Agent gives such notice prior to 11:00 a.m., Local Time, on any Business Day, each Tranche B Lender will make available to the Agent, for the account of the Issuing Bank, its Tranche B Commitment Percentage of the amount of such payment on such Business Day in immediately available funds.
The Administrative Agent will promptly notify each Tranche B Lender of its receipt of each such notice, and of the amount of such Lender’s Tranche B Commitment Percentage of such prepayment.
More Definitions of Tranche B Commitment Percentage
Tranche B Commitment Percentage as to any Bank, the percentage of the aggregate Tranche B Commitments constituted by such Bank's Tranche B Commitment.
Tranche B Commitment Percentage as to any Tranche B Lender, the percentage which such Tranche B Lender's Tranche B Commitment then constitutes of the Tranche B Commitments of all the Tranche B Lenders (or, after the Tranche B Term Loans are made, the percentage which the outstanding principal amount of such Tranche B Lender's Tranche B Term Loan then constitutes of the aggregate principal amount of Tranche B Term Loans of all the Tranche B Lenders then outstanding).
Tranche B Commitment Percentage means as to any Tranche B Lender, the percentage which such Tranche B Lender's Tranche B Commitment then constitutes of the Tranche B Commitments of all the Tranche B Lenders (or, after the Tranche B Term Loans are made, the percentage which the outstanding principal amount of such Tranche B Lender's Tranche B Term Loan then constitutes of the aggregate principal amount of Tranche B Term Loans of all the Tranche B Lenders then outstanding).
Tranche B Commitment Percentage as to any Tranche B Lender (a) at any time prior to or on the Closing Date, the percentage which the Tranche B Loan Commitment of such Tranche B Lender then constitutes of the Aggregate Tranche B Loan Commitment or (b) at any time after the Closing Date, the percentage which the Tranche B Loan of such Tranche B Lender then constitutes of the aggregate principal amount of Tranche B Loans then outstanding. "TRANCHE B LENDER": at any date, each bank or other financial institution which holds (prior to the Closing Date) a Tranche B Loan Commitment or (from and after the Closing Date) a Tranche B Loan hereunder; collectively, the "TRANCHE B LENDERS". "TRANCHE B LOAN": as defined in subsection 3.1. "TRANCHE B LOAN COMMITMENT": as to any Tranche B Lender, its obligation to make Tranche B Loans to the Company hereunder in an aggregate principal amount not to exceed the amount set forth opposite such Tranche B Lender's name on Schedule I under the heading "Tranche B Loan Commitment". "TRANCHE B NOTE": as defined in subsection 10.1(e). "TRANSFEREE": as defined in subsection 17.7(f). "TYPE": as to any Loan, its nature as an ABR Loan or a Eurocurrency Loan.
Tranche B Commitment Percentage. With respect to each Lender, the percentage set forth on Schedule 1 hereto as such Lender's percentage of the Total Tranche B Commitment. Tranche B LIBOR Rate Loans. Tranche B Loans bearing interest calculated by reference to the LIBOR Rate. Tranche B Loans. Revolving credit loans made or to be made by the Lenders to the Borrower pursuant to Section 2.1.2. Tranche B Loan Maturity Date. The date that is 364 days following the Closing Date. Tranche B Loan Request. See Section 2.6.2. Tranche B Notes. See Section 2.4.2.
Tranche B Commitment Percentage means the percentage of the Total Revolving Credit Commitment represented by such Lender’s Tranche B Revolving Credit Commitment. If the Tranche B Revolving Credit Commitments have terminated or expired, the Tranche B Commitment Percentage shall be determined based upon the Tranche B Revolving Credit Commitments most recently in effect, giving effect to any assignments.”
Tranche B Commitment Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Commitment then constitutes of the aggregate Tranche B Commitments (or, at any time after the Tranche B Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender's Tranche B Loans and Tranche B CAF Advances then outstanding constitutes of the aggregate principal amount of the Tranche B Loans and Tranche B CAF Advances then outstanding).