Initial Term Loan Commitment Percentage definition

Initial Term Loan Commitment Percentage means, for any Initial Term Loan Lender, the percentage identified as its Initial Term Loan Commitment Percentage on Schedule 2.1(a), or in the Assignment and Assumption pursuant to which such Lender became a Lender hereunder, as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(b).

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Initial Term Loan Commitment Percentage means, for each Lender, a fraction (expressed as a percentage carried to the ninth decimal place), (a) the numerator of which is the outstanding principal amount of such Lender’s portion of the Initial Term Loan, and (b) the denominator of which is the aggregate outstanding principal amount of the Initial Term Loan. The initial Initial Term Loan Commitment Percentage of each Lender as of the Closing Date is set forth on Appendix A.

Initial Term Loan Commitment Percentage is set forth in Schedule 1.1, as amended from time to time.

Examples of Initial Term Loan Commitment Percentage in a sentence

Subject to the terms and conditions set forth herein, each Lender severally agrees to make advances under a term loan (the “Initial Term Loan”) to the Borrower in Dollars in an aggregate amount up to but not exceeding such Lender’s Initial Term Loan Commitment Percentage, which Initial Term Loan will be disbursed to the Borrower in Dollars in a single advance on the Closing Date.
Subject to Section 5.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Term Loan requested pursuant to this Section 4.2 to the extent that any Lender has not made available to the Administrative Agent its Initial Term Loan Commitment Percentage or its Incremental Term Loan Commitment Percentage, as applicable, of such Loan.
Each Initial Term Loan by a Lender shall be in a principal amount equal to such Lender’s Initial Term Loan Commitment Percentage of the aggregate principal amount of the Initial Term Loans advanced on the Closing Date.
Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth herein, each Lender severally agrees to make a single Initial Term Loan to the Borrower on the Closing Date in an amount up to but not exceeding such Lender’s Initial Term Loan Commitment Percentage of the Initial Term Loan Commitment.
Newly hired employees relocating from a distance of greater than one hundred (100) miles away from Boise to take a position with the Employer, shall be reimbursed a minimum of five hundred ($500) (subject to applicable taxes and withholdings) for documented relocation expenses, unless such expenses are less.
Subject to the terms and conditions hereof, each Initial Term Loan Lender severally agrees to make available to the Borrower (through the Administrative Agent) on the Closing Date such Initial Term Loan Lender’s Initial Term Loan Commitment Percentage of a term loan in Dollars (the “Initial Term Loan”) in the aggregate principal amount of THREE HUNDRED FIFTY MILLION DOLLARS ($350,000,000) (the “Initial Term Loan Committed Amount”), for the purposes hereinafter set forth.
Lender Initial Term Loan Commitment Initial Term Loan Commitment Percentage First Amendment Term Loan Commitment First Amendment Term Loan Commitment Percentage Outstanding Term Loan1 Pro Rata Share Granite Creek FlexCap III, L.P. $11,500,000 100% $5,000,000 100% $16,500,000 100% 1 As of the First Amendment Effective Date immediately after giving effect to the funding of the First Amendment Term Loan.

More Definitions of Initial Term Loan Commitment Percentage

Initial Term Loan Commitment Percentage means, as to any Lender at any time, the ratio of (a) the amount of the Initial Term Loan Commitment of such Lender to (b) the Initial Term Loan Commitments of all Lenders.

Initial Term Loan Commitment Percentage means, for each Lender providing a portion of the Initial Term Loan, a fraction (expressed as a percentage carried to the ninth decimal place), (a) the numerator of which is the outstanding principal amount of such Lender’s portion of such Initial Term Loan, and (b) the denominator of which is the aggregate outstanding principal amount of such Initial Term Loan. “Initial Term Loan Outstanding Amount” means as defined in the recitals hereto. “Intellectual Property” means all trademarks, service marks, trade names, copyrights, patents, patent rights, franchises related to intellectual property, licenses related to intellectual property and other intellectual property rights. “Interest Payment Date” means with respect to (a) any Base Rate Loan and any Swingline Loan, the last Business Day of each calendar quarter, commencing on the first such date to occur after the Closing Date and the final maturity date of such Loan; and (b) any Adjusted LIBOR Rate Loan, the last day of each Interest Period applicable to such Loan; provided, in the case of each Interest Period of longer 21

Initial Term Loan Commitment Percentage means, at any date with respect to each Initial Term Loan Lender, the percentage which the Initial Term Loan Commitment of such Initial Term Loan Lender constitutes of the Aggregate Initial Term Loan Commitment then in effect (or, if no Aggregate Initial Term Loan Commitment is then in effect, the percentage which the aggregate outstanding principal amount of Initial Term Loans of such Initial Term Loan Lender constitutes of the aggregate principal amount of all Initial Term Loans then outstanding);

Initial Term Loan Commitment Percentage means, as to any Initial Term Loan Lender, the Initial Term Loan Commitment Percentage of such Initial Term Loan Lender set forth on Schedule 1.1 hereto (or, in the case of any Lender that becomes party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Initial Term Loan Commitment Percentage (if any) of such Initial Term Loan Lender as set forth in the applicable Commitment Transfer Supplement). “Initial Term Loan Lender” shall mean a Lender holding an Initial Term Loan Commitment, an Initial Term Loan Commitment Amount, and/or any Initial Term Loans.

Initial Term Loan Commitment Percentage means, as to any Lender with respect to each of such Lender’s Initial Term Loan Commitment, (a) on the Signing Date, the applicable percentage set forth opposite such L▇▇▇▇▇’s name on the Commitment Annex under the column “Initial Term Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Signing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Signing Date, the percentage equal to the Initial Term Loan Commitment of such Lender on such date divided by the aggregate Initial Term Loan Commitment on such date.