Examples of Initial Term Loan Exposure in a sentence
For all other purposes with respect to each Lender, “Pro Rata Share” means the percentage obtained by dividing (I) an amount equal to the sum of the Initial Term Loan Exposure and the Multi-Draw Term Loan Exposure, by (II) an amount equal to the sum of the aggregate Initial Term Loan Exposure and the aggregate Multi-Draw Term Loan Exposure.
Within one (1) Business Day of receipt of the applicable information under Section 5.1(e), the Administrative Agent shall give each Term Lender with Initial Term Loan Exposure telefacsimile or telephonic notice (confirmed in writing) of the Applicable Margin for Initial Term Loans in effect from such date.