Initial Term Loan Percentage definition

Initial Term Loan Percentage means the percentage equal to a fraction the numerator of which is such Lender’s outstanding principal amount of the Initial Term Loans and the denominator of which is the aggregate outstanding amount of the Initial Term Loans of all Initial Term Lenders; provided that in the case of Section 2.25 when a Defaulting Lender shall exist, any such Defaulting Lender’s Initial Term Loan Commitment shall be disregarded in the calculation.

Initial Term Loan Percentage means the percentage equal to a fraction the numerator of which is such Lender’s outstanding principal amount of the Initial Term Loans and the denominator of which is the aggregate outstanding amount of the Initial Term Loans of all Initial Term Lenders; provided that in the case of Section 2.24 when a Defaulting Lender shall exist, any such Defaulting Lender’s Initial Term Loan Commitment shall be disregarded in the calculation.

Initial Term Loan Percentage as to any Initial Term Loan Lender, the percentage which such Initial Term Loan Lender’s Initial Term Loan Commitment then constitutes of the aggregate Initial Term Loan Commitments.

Examples of Initial Term Loan Percentage in a sentence

• Each applicable Lender will make the amount of its pro rata share (based on its Initial Term Loan Percentage) of the applicable Initial Term Loan Commitments available to Borrower on the Closing Date in funds immediately available to Borrower.

• Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documents, each Lender with an Initial Term Loan Commitment severally agrees to make its Initial Term Loan Percentage of the Initial Term Loan in Dollars to the Borrower on the Closing Date in a principal amount equal to such Lender’s Initial Term Loan Commitment.

• The Initial Term Loan of each Initial Term Lender shall mature in 20 consecutive quarterly installments, each in an amount equal to such Lender’s Initial Term Loan Percentage multiplied by 0.25% of the original aggregate amount of the Initial Term Loans on the last Business Day of each fiscal quarter, commencing on June 30, 2013, with the unpaid balance due on the fifth anniversary of the Closing Date.

• In accordance with the terms of the Plan of Reorganization and in reliance upon the representations and warranties set forth herein, the parties agree that on the Closing Date each Lender severally, but not jointly, shall make available to the Borrower (through the Administrative Agent) such Lender’s Initial Term Loan Percentage of a term loan in Dollars (the “Term Loan”) in the aggregate principal amount of TWENTY MILLION DOLLARS ($20,000,000) for the purposes hereinafter set forth.

• Each Lender shall make its Initial Term Loan Percentage or Add-On Term Loan Percentage, as the case may be, of the applicable Term Loan available to the Agent for the account of the Borrower at the office of the Agent specified in Schedule 2.1(a), or at such other office as the Agent may designate in writing, by 1:00 P.M. (Charlotte, North Carolina time) on the applicable funding date in Dollars and in funds immediately available to the Agent.

More Definitions of Initial Term Loan Percentage

Initial Term Loan Percentage means, with respect to any Initial Term Loan Lender at any time, the percentage of the total outstanding principal balance of the Initial Term Loan represented by the outstanding principal balance of such Initial Term Loan Lender’s Initial Term Loan.

Initial Term Loan Percentage as to any Initial Term Lender at any time, the percentage which (a) such Lender’s Initial Term Loans and unused Initial Term Loan Commitment then outstanding constitute of (b) the sum of all of the Initial Term Loans and unused Initial Term Loan Commitments then outstanding (or, if the Initial Term Loan Commitments have terminated or expired in their entirety, the percentage which such Lender’s Initial Term Loans then outstanding constitute of the aggregate Initial Term Loans then outstanding).

Initial Term Loan Percentage means, as to any Term Loan Lender at any time, the ratio of (a) the outstanding principal balance of the Initial Term Loan of such Term Loan Lender (or if the full amount of the Initial Term Loans shall not yet have been made, the sum of (x) the outstanding principal balance of the Initial Term Loans of such Term Loan Lender and (y) such Term Loan Lender’s unused Term Loan Commitments in respect of Initial Term Loans that have not been terminated) to (b) the aggregate outstanding principal balance of all Initial Term Loans of all Term Loan Lenders (or if the full amount of the Initial Term Loans shall not yet have been made, the sum of (x) the aggregate outstanding principal balance of all Initial Term Loans of the Term Loan Lenders and (y) the aggregate unused Term Loan Commitments in respect of Initial Term Loans of all Term Loan Lenders that have not been terminated).

Initial Term Loan Percentage means, with respect to each Term Loan Lender as of the Closing Date, the percentage set forth opposite such Term Loan Lender’s name on Schedule 1.1(a) hereto.

Initial Term Loan Percentage means, with respect to any Term Loan Lender at any time, the percentage of the total outstanding principal balance of the Initial Term Loans represented by the outstanding principal balance of such Term Loan Lender’s Initial Term Loans.

Initial Term Loan Percentage means the percentage equal to a fraction the numerator of which is such Lender’s outstanding principal amount of the Initial Term Loans and the denominator of which is the aggregate outstanding amount of the Initial Term Loans of all Initial Term Lenders; provided

Initial Term Loan Percentage means, for any Lender, the percentage identified as its Initial Term Loan Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 11.3.