Class B Commitment Percentage definition

Class B Commitment Percentage means, on any date of determination, with respect to any Class B Investor Group, the fraction, expressed as a percentage, the numerator of which is such Class B Investor Group’s Class B Maximum Investor Group Principal Amount on such date and the denominator is the Class B Maximum Principal Amount on such date.

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Class B Commitment Percentage means, on any date of determination, with respect to any Purchaser Group, the ratio, expressed as a percentage, which the sum of such Purchaser Group’s Class B Maximum Purchaser Group Invested Amount bears to the Class B Maximum Invested Amount on such date.

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

Examples of Class B 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.

• Each such reduction in the Aggregate Class B Commitment shall reduce the Class B Commitment of each Class B Purchaser in accordance with its Class B Commitment Percentage and shall reduce the Class B Purchase Limit by a corresponding amount.

• Subject to Section 7.3 and the other terms and conditions hereof, each Class B Purchaser shall transfer the applicable Class B Purchaser’s Class B Commitment Percentage of the requested Class B Purchase Amount to the Agent by no later than 2:00 p.m. (Chicago time) on the Class B Purchase Date.

• Subject to the terms and conditions of this Supplement, each Initial Purchaser with a Class B Commitment hereby severally agrees (i) to purchase from the Trust on the Closing Date a principal amount of the Class B Notes equal to such Initial Purchaser's Class B Commitment Percentage of the Initial Class B Principal Amount and (ii) to maintain such interest in the Class B Notes, subject to increase or decrease during the Revolving Period, in accordance with the provisions of this Supplement.

• It is your responsibility to pick up the key prior to a weekend or holiday.

• 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 B Commitment Percentage

Class B Commitment Percentage means, on any date of determination, with respect to any Class B Investor Group, the fraction, expressed as a percentage, the numerator of which is such Class B Investor Group’s Class B Maximum Investor Group

Class B Commitment Percentage means, on any date of determination, with respect to any Class B Investor Group, the fraction, expressed as a percentage, the WEIL:\95450705\27\52399.0041 numerator of which is such Class B Investor Group’s Class B Maximum Investor Group Principal Amount on such date and the denominator is the Class B Maximum Principal Amount on such date.

Class B 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 B Facility Limit on such date.

Class B 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 B Commitment and the denominator of which is the Aggregate Class B Commitment Amount as of such date.

Class B Commitment Percentage means, on any date of determination, with respect to any Class B Investor Group, the fraction, expressed as a percentage, the numerator of which is such Class B Investor Group’s Class B Maximum Investor Group Principal Amount on such date and the denominator is the Class B Maximum Principal Amount on such date. “Class B Committed Note Purchaser” means those financial institutions which become party to the Issuer Facility Agreement as committed note purchasers of Class B Notes from time to time, whose details can be found in Schedule 2 (Conduit Investors and Committed Note Purchasers) of the Issuer Facility Agreement. “Class B Committed Note Purchaser Percentage” means, with respect to any Class B Committed Note Purchaser, the percentage set forth opposite the name of such Class B Committed Note Purchaser on Schedule 2 (Conduit Investors and Committed Note Purchasers) of the Issuer Facility Agreement. “Class B Concentration Adjusted Advance Rate” means in respect of a FleetCo and as of any date of determination,