Aggregate Pro Rata Share definition

Aggregate Pro Rata Share means, when used with reference to any Lender and any described aggregate or total amount, an amount equal to the result obtained by multiplying such desired aggregate or total amount by a fraction the numerator of which shall be the aggregate principal amount of such Lender’s Loans and the denominator of which shall be aggregate of all of the Loans outstanding hereunder.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Aggregate Pro Rata Share means, with respect to any Lender, the Aggregate Commitment of such Lender as a percentage of the sum of the Aggregate Commitments of all Lenders.

Aggregate Pro Rata Share means, with respect to all Lenders, at any time, the percentage obtained by dividing (i) the sum of such Lender's Term Loan One and Term Loan Two outstanding and Revolving Loan Commitment at such time (in each case as adjusted from time to time in accordance with the provisions of this Agreement) by (ii) the sum of the aggregate amount of the Term Loan One and Term Loan Two outstanding hereunder at such time and the Aggregate Revolving Loan Commitment at such time, provided, however, that if all of the Revolving Loan Commitments are terminated pursuant to the terms of this Agreement, then "Aggregate Pro Rata Share" means, with respect to any Lender at any time, the percentage obtained by dividing (x) the sum of such Lender's Term Loan One and Term Loan Two and Revolving Loans outstanding at such time (excluding the amounts outstanding on the Swing Line Loan) by (y) the sum of the aggregate amount of the Term Loan One, Term Loan Two and Revolving Loans outstanding hereunder at such time.

Examples of Aggregate Pro Rata Share in a sentence

It is the intention of the Lenders that after giving effect to the foregoing, each Lender shall hold an interest in each outstanding Loan, L/C Obligation, Swing Line Loan and Acceptance equal to such Lender’s Aggregate Pro Rata Share, and each Lender agrees to take such actions as may be reasonably requested by the Administrative Agent to effect the foregoing.
The failure of any Bank to make available to the Administrative Agent for the account of the European Issuing Bank its Aggregate Pro Rata Share of any such payment shall not relieve any other Bank of its obligation hereunder to make available to the Administrative Agent for the account of the European Issuing Bank its Aggregate Pro Rata Share of any payment on the date such payment is to be made.
The utilization fee shall be payable to each Lender in proportion to such Lender's Aggregate Pro Rata Share.
The failure of any Bank to make available to the Administrative Agent for the account of the Asian Issuing Bank its Aggregate Pro Rata Share of any such payment shall not relieve any other Bank of its obligation hereunder to make available to the Administrative Agent for the account of the Asian Issuing Bank its Aggregate Pro Rata Share of any payment on the date such payment is to be made.
Those Lenders who are parties to the Existing Credit Agreement (each, an “Existing Credit Agreement Lender”) hereby assign, to the Lenders who are parties hereto, the Indebtedness owed to them under the Existing Credit Agreement, in proportion to each Lender’s Aggregate Pro Rata Share (as defined in this Section 10.20).

More Definitions of Aggregate Pro Rata Share

Aggregate Pro Rata Share has the meaning assigned to that term in Section 11.5.

Aggregate Pro Rata Share means at any time, with respect to each Lender, a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is such Lender’s aggregate Commitments and the denominator of which is the sum of the Aggregate Domestic Commitments and the Aggregate Canadian Commitments, in each case immediately prior to any termination of the Commitments.

Aggregate Pro Rata Share means, when used with reference to any Lender and any described aggregate or total amount, an amount equal to the result obtained by multiplying such described aggregate or total amount by a fraction the numerator of which shall be such Lender’s Commitment with respect to all Facilities and the denominator of which shall be the aggregate Commitments outstanding for all Lenders or, if no Commitments are then outstanding, with respect to such Facilities, such Lender’s aggregate Loans and L/C Participations with respect to such Facilities to the total Loans and L/C Participations outstanding hereunder with respect to such Facilities, and when used with reference to any Lender’s percent interest, such fraction, expressed as a percentage.

Aggregate Pro Rata Share means, at any time of determination and with respect to any Lender, the percentage of the sum of such Lender’s Revolving Credit Extensions in relation to the sum of all Revolving Credit Extensions.

Aggregate Pro Rata Share means, with respect to any Lender at any time, the percentage obtained by dividing (x) the sum of such Lender's Term Loan One and Term Loan Two and Revolving Loans outstanding at such time (excluding the amounts outstanding on the Swing Line Loan) by (y) the sum of the aggregate amount of the Term Loan One, Term Loan Two and Revolving Loans outstanding hereunder at such time.

Aggregate Pro Rata Share means the percentage obtained by dividing (x) such Lender's Term Loans and Revolving Credit Obligations by (y) the aggregate amount of all Term Loans and Revolving Credit Obligations.

Aggregate Pro Rata Share means, at any time for any Lender, the ratio that (a) the sum of (i) such Lender’s Revolving Credit Commitment and (ii) such Lender’s outstanding Term Loan bears to (b) the Aggregate Commitment, provided, however, if the Revolving Credit Commitments have terminated or been terminated in full, the Aggregate Pro Rata Share shall be the ratio that (x) the sum of such Lender’s outstanding Revolving Credit Loans, Facility Letter of Credit Obligations and Term Loan bear to (y) the sum of all outstanding Revolving Credit Loans, Facility Letter of Credit Obligations and Term Loans and provided, further, that this definition is subject to the provisions of Section 2.02.2(c) (if and when applicable).