ratable benefit definition

ratable benefit means for the benefit of the Secured Parties in accordance with the terms of Section 8.02 of the Credit Agreement.
ratable benefit means, as to each Lender, such Lender's share of the Collateral, determined by dividing (a) the outstanding principal amount of the Obligations owing to such Lender by (b) the sum of the outstanding principal amount of the Obligations owing to all the Lenders;