Adjusted Commitment Percentage definition

Adjusted Commitment Percentage means, at any time for any Lender, the percentage obtained by dividing such Lender’s Unutilized Commitment at such time by the Unutilized Total Commitment at such time.

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Adjusted Commitment Percentage means, for a Committed Lender with respect to a specific Noncommitted Lender, the Commitment of such Committed Lender as a percentage of the Maximum Loan Amount of such Noncommitted Lender.

Adjusted Commitment Percentage means, with respect to any Non-Defaulting Backstop Party, in the case of a Funding Default committed by a Backstop Party with respect to the deposit of its Aggregate Purchase Price attributable to its Backstop Commitment Securities, a fraction, expressed as a percentage, the numerator of which is the Backstop Commitment Percentage of such Non-Defaulting Backstop Party and the denominator of which is the sum of the Backstop Commitment Percentages of all Non-Defaulting Backstop Parties.

Examples of Adjusted Commitment Percentage in a sentence

• A portion of each Discount Advance (or, in the case of Non-Lender Balance Banks, the entire Discount Advance made in accordance with the terms of this Agreement), shall be sold simultaneously with the funding by the Balance Bank to the other Lenders (each a "Purchasing Lender") on a pro rata basis in accordance with each such Lender's Adjusted Commitment Percentage.

• If any Continuing Lender holds Existing Loans (other than Bid Loans) on the Effective Date which are in excess of such Continuing Lender's Adjusted Commitment Percentage of the Loans (other than Bid Loans and Swingline Loans) to be outstanding under the New Facility (an "Overfunded Lender") on the Effective Date, such Overfunded Lender shall be repaid from the additional funding under the following sentence an amount of Existing Loans sufficient to eliminate such excess.

• All other Advances shall be funded on a pro rata basis among all Lenders in accordance with each Lender's Adjusted Commitment Percentage.

• Each Purchasing Lender hereby agrees to purchase and acquire, prior to funding, for cash at the Purchase Price and without recourse to the Balance Bank, its Adjusted Commitment Percentage share of such Discount Advance (as to each Purchasing Lender, such amount shall be a Discount Loan by such Lender).

• Each Balance Bank (other than Non-Lender Balance Banks) shall retain its Adjusted Commitment Percentage share of the Face Amount of each Discount Advance, which shall constitute a Discount Loan owing to the Balance Bank.

More Definitions of Adjusted Commitment Percentage

Adjusted Commitment Percentage means, with respect to any Non-Defaulting Commitment Party, (i) in the case of a default relating to a Subscription Commitment (A) a fraction, expressed as a percentage, the numerator of which is the Direct Subscription Commitment Percentage of such Non-Defaulting Commitment Party and the denominator of which is the aggregate Direct Subscription Commitment Percentage of all Non-Defaulting Commitment Parties or (B) such other percentage as otherwise agreed between such Non -Defaulting Commitment Party and the remaining Non-Defaulting Commitment Parties and (ii) in the case of a default relating to a Backstop Commitment Percentage, (A) a fraction, expressed as a percentage, the numerator of which is the Backstop Commitment Percentage of such Non-Defaulting Commitment Party and the denominator of which is the aggregate Backstop Commitment Percentage of all Non-Defaulting Commitment Parties or (B) such other percentage as otherwise agreed between such Non-Defaulting Commitment Party and the remaining Non-Defaulting Commitment Parties. No Defaulting Commitment Party shall be entitled to any portion of the Backstop Commitment Premium and all distributions of New Equity Interests distributable to a Defaulting Commitment Party, including on account of the Backstop Commitment Premium, shall either (i) to the extent assumed by Non-Defaulting Commitment Parties, be re-allocated contractually and turned over as liquidated damages (including any Backstop Commitment Premium) to such Non-Defaulting Commitment Parties that have elected to subscribe for their Adjusted Commitment Percentage, or (ii) if not assumed by the Non-Defaulting Commitment Parties, be forfeited and retained by the Debtors, as applicable.

Adjusted Commitment Percentage with respect to any non-Defaulting Lender, the quotient (expressed as a percentage) of such Lender’s Commitment divided by the aggregate Commitments of all non-Defaulting Lenders.

Adjusted Commitment Percentage means, for each Lender as of any date, the quotient of (i) such Lender's General Commitment divided by (ii) the Aggregate Commitment minus the Swingline Commitment, which Adjusted Commitment Percentage shall initially be as set forth on Exhibit C for each Lender.

Adjusted Commitment Percentage means, with respect to any Non-Defaulting Investor a percentage expressed as a fraction, the numerator of which is the Total Investor Commitment Amount of such Non-Defaulting Investor and the denominator of which is the Total Investor Commitment Amount of all Non-Defaulting Investors.

Adjusted Commitment Percentage means, with respect to any Non-Defaulting Commitment Party, a percentage expressed as a fraction, the numerator of which is the Commitment Percentage of such Non-Defaulting Commitment Party and the denominator of which is the Commitment Percentages of all Non-Defaulting Commitment Parties.

Adjusted Commitment Percentage means, with respect to any Non-Defaulting Backstop Party, a fraction, expressed as a percentage, the numerator of which is the Backstop Commitment Percentage of such Non-Defaulting Backstop Party and the denominator of which is the aggregate Backstop Commitment Percentages of all Non-Defaulting Backstop Parties. No Defaulting Backstop Party shall be entitled to any portion of the Backstop Commitment Premium (as defined in the Backstop Commitment Term Sheet referred to in the RSA) and all distributions of New Common Stock distributable to a Defaulting Backstop Party, including on account of the Backstop Commitment Premium, shall be either (i) to the extent assumed by Non-Defaulting Backstop Parties, re-allocated contractually and turned over as liquidated damages (including any Backstop Commitment Premium) to those Non-Defaulting Backstop Parties that have elected to subscribe for their full Adjusted Commitment Percentage or (ii) if not assumed by the Non-Defaulting Backstop Parties, forfeited and retained by the Company, as applicable.

Adjusted Commitment Percentage means with respect to any Lender without a Multi-Jurisdictional Commitment as of any date of determination, the fraction (expressed as a percentage) the numerator of which is such Lender's Commitment Percentage (expressed as an integral number), and the denominator of which is the sum of such Lender's Commitment Percentage (expressed as an integral number) plus the Commitment Percentage (expressed as an integral number) of each other Lender as of such date that does not have a Multi-Jurisdictional Commitment.