Ratable Distribution definition
Ratable Distribution means, for any relevant application of Principal Proceeds (1) 90% of such Principal Proceeds to the payment of principal on the Advances and (2) 10% of such Principal Proceeds to the payment of Permitted Distributions.
Ratable Distribution means, for any relevant application of Principal Proceeds (1) a percentage of such Principal Proceeds equal to the Revolving Advance Principal Share Percentage as of (x) the date of the applicable payment, with respect to payments made pursuant to Section 4.06 or 4.07 during the Reinvestment Period, or (y) the last day of the Reinvestment Period, otherwise, to the payment of principal on the Revolving Advances and (2) a percentage of such Principal Proceeds equal to the Term Advance Principal Share Percentage as of (x) the date of the applicable payment, with respect to payments made pursuant to Section 4.06 or 4.07 during the Reinvestment Period, or (y) the last day of the Reinvestment Period, otherwise to the payment of principal on the Term Advances, and in each of (1) and (2) payable pro rata to the Lenders based on their respective Financing Commitment, in each case, as calculated by the Administrative Agent.