Outstanding Percentage definition

Outstanding Percentage means the ratio of (i) the aggregate outstanding principal amount under the Ratable Notes of the Existing Banks, immediately prior to the admission of the New Bank (or the increase in the Loan Commitment of a Bank), to (ii) the aggregate of the Loan Commitments of the Existing Banks (as increased pursuant to this Section, if applicable) and the New Bank.

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Outstanding Percentage has the meaning specified in Section 2.19(c).

Outstanding Percentage as to any Lender at any time, the percentage which such Lender’s Commitment then constitutes of the aggregate Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender’s Loans then outstanding constitutes of the aggregate principal amount of the Loans then outstanding).

Examples of Outstanding Percentage in a sentence

All other calculations, including the Outstanding amount of each Lender's Secured Loan, each Lender's Applicable Outstanding Percentage and pro rata payments, shall be made by the Loan Agent.
GENERAL PARTNER: By: _________________________ Name: Title: Name and Address of Partner Type of Interest Type of Unit Capital Contribution (Stated Value with respect to Class C Units) Number of Partnership Units Issued and Outstanding Percentage Interest Hospitality Investors Trust, Inc.
In the event that this Note is not repaid on or prior to February 16, 2003 (the "Trigger Date"), the Borrower shall issue to the Lender a warrant, in the form attached as Exhibit A hereto, to purchase a number of shares of its common stock, par value $0.001 per share Common Stock equal to 500,000 multiplied by the Outstanding Percentage (defined below).
All other calculations, including the Outstanding amount of each Lender’s Secured Loan, each Lender’s Applicable Outstanding Percentage and pro rata payments, shall be made by the Loan Agent.
Promptly upon receipt thereof by the Agent, each payment of principal and interest on the Loans shall be remitted by the Agent in like funds as received to each Lender pro rata according to its Outstanding Percentage of the Loans.

More Definitions of Outstanding Percentage

Outstanding Percentage as of any date and with respect to each Lender and the Issuing Bank, as the case may be, a fraction the numerator of which is the Outstandings of such Lender or the Issuing Bank, as applicable, on such date, and the denominator of which is the aggregate Outstandings of all Lenders and the Issuing Bank on such date.

Outstanding Percentage. As defined in Section 3.6(c) hereof.

Outstanding Percentage means the ratio of (i) the aggregate outstanding principal amount under the Notes of the Existing Lenders, immediately prior to the admission of the New Lender (or the increase in the Commitment of a Lender), to (ii) the aggregate of the Commitments of the Existing Lenders (as increased pursuant to this Section, if applicable) and the New Lenders. Administrative Agent shall distribute an amended Schedule 2.1, which shall thereafter be incorporated into this Agreement, to reflect adjustments to Lenders and their Commitments.

Outstanding Percentage with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Extensions of Credit at such time to the Total Extensions of Credit at such time.

Outstanding Percentage as of any date and with respect to the Issuing Bank, the Swing Line Lender or any Lender, as the case may be, a fraction the numerator of which is the Outstandings on such date of the Issuing Bank, the Swing Line Lender or such Lender, as applicable, and the denominator of which is the aggregate Outstandings on such date of the Issuing Bank, the Swing Line Lender and all Lenders.

Outstanding Percentage as of any date and with respect to each Lender, the Issuing Bank and the Swing Line Lender, as the case may be, a fraction the numerator of which is the Outstandings of such Lender, the Issuing Bank or the Swing Line Lender, as applicable, on such date, and the denominator of which is the aggregate Outstandings of all Lenders, the Issuing Bank and the Swing Line Lender on such date.

Outstanding Percentage on the Trigger Date shall mean the principal amount of this Note outstanding on the Trigger Date divided by $1,650,000.