Ratable Amount definition

Ratable Amount means, at any time, with respect to any Term Facility Related Prepayment Offer and the Notes held by any holder at such time, the amount equal to the aggregate principal amount of the Notes held by such holder multiplied by the percentage by which the principal amount of the term loans under the Bank Credit Agreement were reduced by the relevant prepayment under Section 2.05(c) of the Bank Credit Agreement.

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Ratable Amount means, at any time, a fraction (i) the numerator of which is the Aggregate Commitment at such time (as adjusted from time to time in accordance with the provisions of this Agreement) or, if the Aggregate Commitment has been terminated, the aggregate outstanding principal Dollar Equivalent of all Lenders’ Loans at such time and (ii) the denominator of which is the sum of the amount in clause (i) plus all unused commitments and the aggregate principal amount of loans outstanding under (a) all Existing Credit Facilities (other than the Existing Revolving Credit Agreement) and (b) any other revolving or term loan bilateral or club credit agreements of the Borrower.

Ratable Amount is used with respect to Net Special Prepayment Proceeds arising from an Asset Disposition Event.

Examples of Ratable Amount in a sentence

• The Obligors shall, promptly (and in any event within five (5) Business Days) following the closing of the Capital Services Business Sale, make a written offer to prepay the Notes in an aggregate amount equal to the Ratable Amount (which Ratable Amount shall include interest accrued to the date of prepayment), but without the Make-Whole Amount, and specifying a prepayment date that is not later than 30 days following the closing of the Capital Services Business Sale.

• Each of the Non-selling Members shall have an option to purchase a pro rata share of the interest of the Seller, such pro rata share to be based upon the percentages of ownership of the Non-selling Members ("Ratable Amount").

• If any holder of a Note rejects or is deemed to have rejected any offer of prepayment with respect to such Note in accordance with this Section 8.5, then, for purposes of determining compliance with Section 10.8(d), the Company nevertheless shall be deemed to have made a prepayment of Indebtedness in an amount equal to the Ratable Amount with respect to such Note.

• Each Non-selling Member who exercises his option to purchase shall set forth in his notice of acceptance the amount of the interest of the Seller to be purchased by him which amount may not be in excess of his Ratable Amount.

• If so accepted by any holder of a Note, the amount of such offered prepayment (equal to not less than such holder’s Ratable Amount ) shall become due and payable on the Term Facility Related Prepayment Date and shall be delivered to such holder of Notes for application on such date in accordance with the terms hereof.

• If any holder of a Note rejects or is deemed to have rejected any offer of prepayment with respect to such Note in accordance with this Section 8.5, then, for purposes of determining compliance with Section 10.5(i), the Company nevertheless shall be deemed to have made a prepayment of Indebtedness in an amount equal to the Ratable Amount with respect to such Note.

• For the avoidance of doubt, (a) any such reductions of the commitments under the Bank One Agreement or the LaSalle Agreement to $15,000,000 shall not cause an additional reduction in the Aggregate Commitment pursuant to Section 2.5(c) of the Amended Credit Agreement; and (b) the Ratable Amount shall not exceed at any time the ratio of the Aggegate Commitment as of the Fifth Amendment Effective Date to the Parallel Agreement Commitments as of the Fifth Amendment Effective Date.

• Upon the earlier of (1) the date specified for such purpose in such Issuance Notice or (2) 30 days after the date of receipt of such Net Issuance Proceeds actually received, the Aggregate Commitments shall be permanently reduced by an amount equal to the Senior Credit Ratable Amount times the amount of such Net Issuance Proceeds actually received.

• Any payment, collection proceeds or distribution of assets to any Holder or Holders pursuant to and with respect to any Note or this Agreement (excluding any payments made pursuant to Sections 7.15, 13.5(b) and 13.14 hereof), whether before or after the occurrence of any Event of Default, shall be apportioned to pay to each Holder an amount equal to the ratable percentage of the total principal amount of the Notes then outstanding to such Holder (the "Ratable Amount").

• If any holder of a Note rejects or is deemed to have rejected any offer of prepayment with respect to such Note in accordance with this Section 8.5, then, for purposes of determining compliance with Section 10.5(f), the Company nevertheless shall be deemed to have made a prepayment of Indebtedness in an amount equal to the Ratable Amount with respect to such Note.

More Definitions of Ratable Amount

Ratable Amount means a pro rata portion of Net Special Prepayment Proceeds as determined by reference to the principal amount of the Notes outstanding on the date on which the relevant Special Offer Prepayment Event occurs as a percentage of the principal amount of all Senior Pro Rata Debt outstanding on such date; provided, however, that, in the case of Net Special Prepayment Proceeds attributable to a Subordinated Debt Event, such pro rata portion shall be determined by reference to the principal amount of the Notes outstanding on the date on which such Subordinated Debt Event occurs as a percentage of the sum of (a) such principal amount, (b) the outstanding principal amount of the 2012 Notes on such date, (c) the Bank Facility Commitment in effect on such date (but only up to Can.$400,000,000 less the amount (but no more than Can.$70,000,000) of any Net Special Prepayment Proceeds applied to payment of Debt outstanding under the Bank Facility on or prior to such date arising from one or more Swan Hills Disposition Events), and (d) the greater of the outstanding principal amount or the commitment amount, if any, of the principal amount of all other Senior Pro Rata Debt outstanding on such date. For purposes of this definition, the face amount of letters of credit outstanding under the Bank Facility or any Permitted Refinancing Creditor Document shall not constitute a principal amount except as “Ratable Amount” is used with respect to Net Special Prepayment Proceeds arising from an Asset Disposition Event.

Ratable Amount is defined in Section 8.3. “Related Fund” means, with respect to any holder of any Note, any fund or entity that (i) invests in Securities or bank loans, and (ii) is advised or managed by such holder, the same investment advisor as such holder or by an affiliate of such holder or such investment advisor. “Required Holders” means, at any time, the holders of more than 50% in principal amount of the Notes at the time outstanding (exclusive of Notes then owned by the Company or any of its Affiliates). B-12

Ratable Amount has the meaning specified in Section 2.10(b)(iv).

Ratable Amount means, at any time, a fraction (i) the numerator of which is the Aggregate Commitment at such time (as adjusted from time to time in accordance with the provisions of this Agreement) or, if the Aggregate Commitment has been terminated, the aggregate outstanding principal Dollar Equivalent of all Lenders' Loans at such time and (ii) the denominator of which is the sum of the amount in clause (i) plus all unused commitments and the aggregate principal amount of loans outstanding under (a) all Existing Credit Facilities (other than the Existing Revolving Credit Agreement) and (b) any other revolving or term loan bilateral or club credit agreements of the Borrower.

Ratable Amount has the meaning assigned to such term in Section 2.06(b).

Ratable Amount means, as of any date, the product obtained by multiplying the entire unpaid principal amount of the A Advances made to the Borrower then outstanding times a fraction the numerator of which shall be the principal amount of the Additional Unsecured Debt of the Borrower being prepaid, redeemed, purchased, defeased or otherwise acquired and the denominator of which shall be the entire unpaid principal amount of such Additional Unsecured Debt then outstanding.