Interests in Loans/Commitments Sample Clauses
Interests in Loans/Commitments. The percentage interest of each Bank in the Loans and Letters of Credit, and the Commitments, shall be computed based on the maximum principal amount for each Bank as follows:
Interests in Loans/Commitments. The percentage interest of BOk and each other Bank that may hereafter become an Assignee or Credit Participant pursuant to Article XI hereof for Commitment amounts in excess of the BOk Commitment or, alternatively, subject to BOk's consent, the Banks extend to Borrowers hereunder Commitments not in excess of $35,000,000 in the aggregate (in addition to the existing $15,000,000 BOk Commitment) to be evidenced by an additional Convertible Note jointly and severally issued hereunder by Borrowers to the order of such additional Bank(s) in form and content similar to the Convertible Note annexed hereto as Exhibit A (in which event such existing $50,000,000 Convertible Note would be reissued concurrently therewith in a correspondingly reduced original principal amount but in no event shall the sum of all Convertible Notes issued hereunder plus the existing Letter of Credit Note exceed $50,000,000 in the aggregate), in the Convertible Loan and Letters of Credit, and the Commitments, shall be computed based on the maximum principal amount for each Bank as follows: Bank Maximum Commitment Amount Percentage Interest ---- ------------------------- ------------------- BOk $15,000,000 30.00% Other Bank(s) hereafter extending Commitment(s) or as Assignee(s) (other than a Credit Participant(s) pursuant to Article XI below) $35,000,000 70.00% ----------- ------- Total $50,000,000 100.00% The foregoing percentage interests, as from time to time in effect and reflected in the Register, are referred to as the Percentage Interest with respect to all or any portion of the Convertible Loan advances and the Commitments. BOk has no obligation to increase the BOk Commitment above either its existing Percentage Interest or the maximum amount of $15,000,000 (including the existing $50,000 Letter of Credit Note) and any future determination of BOk to increase the BOk Commitment shall be in its sole and absolute discretion and subject to BOk obtaining Assignee(s) or Credit Participant(s) under Article XI hereof for all amounts of the Commitments in excess of the existing $15,000,000 BOk Commitment.
Interests in Loans/Commitments. The percentage interest of each Bank in the Loans and the Commitments, shall be computed based on the maximum principal amount for each Bank as follows: MAXIMUM REVOLVER LOAN COMMITMENT PERCENTAGE BANK AMOUNT INTEREST ---- ---------------- ---------- BOk $ 529,411.00 52.9411% Mercantile 294,118.00 29.4118% Local 176,471.00 17.6471% ------------- -------- The foregoing percentage interests, as from time to time in effect and reflected in the Register, are referred to as the "Percentage Interests" with respect to all or any portion of the Loans and Letters of Credit, and the Commitments.
Interests in Loans/Commitments. The percentage interest of each Bank in the Loans and Letters of Credit, and the Commitments, shall be computed based on the maximum principal amount for each Bank as set forth below (the "Lenders Schedule"): MAXIMUM MAXIMUM WORKING MAXIMUM ACQUISITION LOAN CAPITAL LOAN COMMITMENTS PERCENTAGE BANK COMMITMENTS COMMITMENTS AMOUNT INTEREST ---- ----------- ----------- ------ -------- BOk $ 20,000,000 $ 20,000,000 $ 40,000,000 26.667% Bank One $ 15,000,000 $ 15,000,000 $ 30,000,000 20.000% MidFirst $ 10,000,000 $ 10,000,000 $ 20,000,000 13.333% Local $ 7,500,000 $ 7,500,000 $ 15,000,000 10.000% Fifth Third $ 7,500,000 $ 7,500,000 $ 15,000,000 10.000% Arvest $ 2,500,000 $ 2,500,000 $ 5,000,000 3.333% US Bank $ 12,500,000 $ 12,500,000 $ 25,000,000 16.667% TOTAL $ 75,000,000 $ 75,000,000 $150,000,000 100.000% The Lenders Schedule percentage interests, as from time to time in effect and reflected in the Register, are referred to as the "Percentage Interests" with respect to all or any portion of the Loans and Letters of Credit, and the Commitments.
Interests in Loans/Commitments. The percentage interest of each Bank in the Loans and Letters of Credit, and the Commitments, shall be computed based on the maximum principal amount for each Bank as follows: Maximum Maximum Acquisition Working Maximum Loan Capital Loan Commitment Percentage Bank Commitments Commitments Amounts Interests ---- ----------- ----------- ----------- ----------- BOk $12,000,000 $8,000,000 $20,000,000 40% Bank of Boston 12,000,000 8,000,000 20,000,000 40% Mercantile 6,000,000 4,000,000 10,000,000 20% ----------- ----------- ----------- ----------- TOTAL $30,000,000 $20,000,000 $50,000,000 100% The foregoing percentage interests, as from time to time in effect and reflected in the Register, are referred to as the "Percentage Interests" with respect to all or any portion of the Loans and Letters of Credit, and the Commitments.
Interests in Loans/Commitments. The percentage interest of each Bank in the Loans and Letters of Credit, and the Commitments, shall be computed based on the maximum principal amount for each Bank as set forth below (the “Lenders Schedule”): BOk $ 23,750,000 31.67 % JPMorgan $ 23,750,000 31.67 % Fifth Third $ 15,000,000 20.00 % US Bank $ 12,500,000 16.66 % The Lenders Schedule percentage interests, as from time to time in effect and reflected in the Register, are referred to as the “Percentage Interests” with respect to all or any portion of the Loans and Letters of Credit, and the Commitments.