Commitment Share definition

Commitment Share as defined in Section 3.8(a).

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Commitment Share means, with respect to each Participant in relation to each Loan Pool and for any date of determination, a fraction (expressed as a percentage), (i) the numerator of which equals the amount of the Available Funded Commitment then funded by such Participant for such Loan Pool, and (ii) the denominator of which equals the aggregate Available Funded Commitment.

Commitment Share means, with respect to each Buyer, 50%.

Examples of Commitment Share in a sentence

• Before 11:00 a.m. (New York City time) on the scheduled Delayed Draw Funding Date, each Lender shall make available for the account of its Lending Office to the Administrative Agent’s Account, in same day funds, such ▇▇▇▇▇▇’s Commitment Share for the Delayed Draw Loans requested.

• In connection with any waiver, determination or direction relating to any provisions which do not apply for the benefit of a Restricted Lender by virtue of the foregoing sentence (but not with respect to any other parts which do apply for the benefit of a Restricted Lender), the parties hereto agree that the Commitment Share of that Restricted Lender will be excluded for the purpose of determining whether the consent of the Majority Lenders has been granted.

• Each Lender severally agrees, on the terms and conditions hereinafter set forth, to advance to the Borrower its Commitment Share for each Aircraft, on a per Aircraft basis, and upon advancement of all such Commitment Shares, the aggregate original principal amount of the Loans (including any Delayed Draw Loans) shall be not more than $108,000,000.00 (the “Maximum Loan Amount”).

• If any Lender shall fail to fund its Commitment Share in respect of the requested Loans, the Borrower shall not be obligated to borrow any portion of the Loans.

• Before 11:00 a.m. (New York City time) on the scheduled Closing Date, each Lender shall make available for the account of its Lending Office to the Administrative Agent’s Account, in same day funds, such ▇▇▇▇▇▇’s Commitment Share for the Loans requested.

More Definitions of Commitment Share

Commitment Share means, with respect to each Bank, the Commitment ---------------- Share set forth opposite such Bank's name on the signature pages hereof or on any amendment to this Agreement, or, in the case of any Bank which has made an assignment of a percentage interest in its rights and obligations under this Agreement or accepted an assignment of a percentage interest in another Bank's rights and obligations under this Agreement, in either case pursuant to an Assignment and Acceptance, such Bank's Commitment Share immediately prior to its making or accepting such assignment, plus the percentage interest purchased or minus the percentage interest sold, as the case may be, pursuant to the Assignment and Acceptance. The Commitment Share of each Bank as in effect on the date of this Agreement and as in effect on the date of each amendment hereto shall be set forth on Schedule 2. ----------

Commitment Share means, for any Bank, the percentage that such Bank's Commitment bears to the aggregate Commitments of all the Banks hereunder, as set forth opposite the name of such Bank on the signature pages hereof, and as such percentage may be adjusted from time to time pursuant to Section 10.08(c).

Commitment Share means, with respect to a particular Lender at a particular time, the ratio of the Undrawn Commitment of such Lender at such time to the aggregate of the Undrawn Commitments of all of the Lenders at such time.

Commitment Share means, with respect to each Bank, the Commitment Share set forth opposite such Bank's name on the signature pages hereof or, in the event of any amendment of this Agreement, the Commitment Share set forth opposite such Bank's name on the signature pages of such amendment.

Commitment Share means the percentage of the total Commitment set forth opposite the name of such Bank on the schedule below, as such percentage may be adjusted from time to time pursuant to Section 10.08(c): Bank Commitment Commitment Share ---- ---------- ---------------- Bank of America, N.A. $ 41,925,000 21.50% AmSouth Bank $ 32,662,500 16.75% Wachovia Bank, N.A. $ 29,250,000 15.00% SunTrust Bank $ 26,812,500 13.75% Fleet National Bank $ 26,812,500 13.75% The Chase Manhattan Bank $ 15,112,500 7.75% LaSalle Bank National Association $ 15,112,500 7.75% First Tennessee Bank, N.A. $ 7,312,500 3.75% ------------ ----- TOTAL COMMITMENT $195,000,000 100%

Commitment Share means, for any Lender, the percentage that such Lender's Revolving Credit Commitment bears to the aggregate Revolving Credit Commitments of all the Lenders.

Commitment Share under each Several Letter of Credit; provided that, each Limited Fronting Lender (if any), in its capacity as such, shall, in addition to its own “Commitment Share” as a Revolving Credit Lender, be deemed to have a “Commitment Share” (or equivalent term) equal to the Revolving Credit Percentage (or portion thereof, if applicable) of each Non-SLC Bank for which such Limited Fronting Lender acts in such capacity under such Several Letter of Credit. The L/C Administrator shall not amend any Several Letter of Credit to change the “Commitment Shares” of any Revolving Credit Lender or add or delete a Revolving Credit Lender liable thereunder unless such amendment is done in connection with a Limited Fronting Lender Agreement in accordance with Section 3.6(d), an assignment in accordance with Section 10.6, a change in the Revolving Credit Lenders and/or the Revolving Credit Percentages as a result of any increase in the Revolving Credit Commitments pursuant to Section 2.23, an extension of the Revolving Credit Commitments pursuant to Section 2.6 or any other addition or replacement of a Revolving Credit Lender in accordance with the terms of this Agreement. Each Revolving Credit Lender (including, for the avoidance of doubt, each Limited Fronting Lender) hereby irrevocably constitutes and appoints the L/C Administrator its true and lawful attorney-in-fact for and on behalf of such Revolving Credit Lender with full power of substitution and revocation in its own name or in the name of the L/C Administrator to issue, execute and deliver, as the case may be, each Several Letter of Credit and each amendment to a Several Letter of Credit and to carry out the purposes of this Agreement with respect to Several Letters of Credit. Upon request, each Revolving Credit Lender shall execute such powers of attorney or other documents as any beneficiary of any Several Letter of Credit may reasonably request to evidence the authority of the L/C Administrator to execute and deliver such Several Letter of Credit and any amendment or other modification thereto on behalf of the Revolving Credit Lenders. To the extent that the L/C Administrator has not received funds from a Revolving Credit Lender with respect to a Several Letter of Credit, the L/C Administrator shall only forward the funds actually received to the beneficiary.