Class A Commitment Percentage definition

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Class A Commitment Percentage means, for each Class A Purchaser, the Class A Commitment for such Class A Purchaser divided by the Class A Commitments of all Class A Purchasers.

Class A Commitment Percentage means, as to any Purchaser and as of any date, the percentage equivalent of a fraction, the numerator of which is such Purchaser's Class A Commitment and the denominator of which is the Aggregate Class A Commitment Amount as of such date.

Examples of Class A Commitment Percentage in a sentence

The Class A Commitment Percentage or the Class B Commitment Percentage with respect to any Purchaser Group of the Increase Amount with respect to the Class A Notes or the Class B Notes, as applicable, set forth in any Non-Deferrable Increase Notice shall not exceed such Purchaser Group’s Non-Deferrable Draw Amount as of the related Increase Date.
Subject to Section 7.2 and the other terms and conditions hereof, each Class A Purchaser shall transfer the applicable Class A Purchaser’s Class A Commitment Percentage of the requested Class A Purchase Amount to the Agent by no later than 2:00 p.m. (Chicago time) on the Class A Purchase Date.
Each such reduction in the Aggregate Class A Commitment shall reduce the Class A Commitment of each Class A Purchaser in accordance with its Class A Commitment Percentage and shall reduce the Class A Purchase Limit by a corresponding amount.
Subject to the terms and conditions of this Supplement, each Initial Purchaser with a Class A Commitment hereby severally agrees (i) to purchase from the Trust on the Closing Date a principal amount of the Class A Notes equal to such Initial Purchaser's Class A Commitment Percentage of the Initial Class A Principal Amount and (ii) to maintain such interest in the Class A Notes, subject to increase or decrease during the Revolving Period, in accordance with the provisions of this Supplement.
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On each Distribution Date, the Administrative Agent shall remit in like funds to each Purchaser its applicable pro rata share (based on each such Purchaser's applicable Class A Commitment Percentage or Class B Commitment Percentage) of each such payment received by the Administrative Agent for the account of the Purchasers.

More Definitions of Class A Commitment Percentage

Class A Commitment Percentage means, on any date of determination, with respect to any Non-Conduit Committed Purchaser or Purchaser Group, the ratio, expressed as a percentage, which the Purchaser Commitment Amount of such Non-Conduit Committed Purchaser or Purchaser Group bears to the Class A Facility Limit on such date.

Class A Commitment Percentage means, on any date of determination, with respect to any Class A Investor Group, the fraction, expressed as a percentage, the numerator of which is such Class A Investor Group’s Class A Maximum Investor Group Principal Amount on such date and the denominator is the Class A Maximum Principal Amount on such date. “Class A Committed Note Purchaser” means those financial institutions that serve as committed note purchasers of Class A Notes set forth in Schedule 2 (Conduit Investors and Committed Note Purchasers) of the Issuer Facility Agreement. “Class A Committed Note Purchaser Percentage” means, with respect to any Class A Committed Note Purchaser, the percentage set forth opposite the name of such Class A Committed Note Purchaser on Schedule 2 (Conduit Investors and Committed Note Purchaser) of the Issuer Facility Agreement. 13 CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [*REDACTED*]. “Class A Concentration Adjusted Advance Rate” means in respect of a FleetCo and as of any date of determination,