Revolving Credit Pro Rata Share definition

Revolving Credit Pro Rata Share has the meaning described in Section 2.1.1 (Revolving Credit Facility).
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Revolving Credit Pro Rata Share means, with respect to any Lender, the percentage obtained by dividing (i) such Lender's Revolving Credit Commitment (in each case, as adjusted from time to time in accordance with the provisions of this Agreement or any Assignment and Acceptance to which such Lender is a party) by (ii) the aggregate Revolving Credit Commitments.
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Revolving Credit Pro Rata Share has the meaning described in Section 2.1.1. "Revolving Credit Termination Date" means the earlier of (i) the fifth anniversary date of the Closing Date, (ii) the repayment or prepayment of the Term Loan in full, or (iii) the date on which the Revolving Credit Commitments are terminated pursuant to Section 7.2 or otherwise. "Revolving Credit Unused Line Fee" and "Revolving Credit Unused Line Fees" have the meanings described in Section 2.1.10(Revolving Credit Unused Line Fee).
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Examples of Revolving Credit Pro Rata Share in a sentence

  • It is agreed that each Lender's Net Outstandings are intended by the Lenders to be equal at all times to such Lender's Revolving Credit Pro Rata Share of the aggregate outstanding principal amount of the Revolving Loan outstanding.

  • The making of each Non-Ratable Loan by NationsBank shall be deemed to be a purchase by NationsBank of a 100% participation in each other Lender's Revolving Credit Pro Rata Share of the amount of such Non-Ratable Loan.

  • Unless otherwise stated herein, the Agent shall distribute Fees payable to the Lenders ratably to the Lenders based on each Lender's Revolving Credit Pro Rata Share and shall distribute proceeds from the sale of, or other realization upon, all or any part of the Collateral following an Event of Default ratably to the Lenders based on the amount of the Obligations then owing to each Lender.

  • Upon demand by another Lender, with notice thereof to the Agent, NationsBank shall pay to the Agent, for the account of such other Lender, as a repurchase of such participation, an amount equal to such other Lender's Revolving Credit Pro Rata Share of any such amounts (after application thereof to the repurchase of any participations of NationsBank in such other Lender's Revolving Credit Pro Rata Share of any Non-Ratable Loans) paid only to NationsBank by the Agent.

  • Upon demand by NationsBank, with notice to the Agent, each other Lender shall pay to NationsBank, as the repurchase of such participation, an amount equal to 100% of such Lender's Revolving Credit Pro Rata Share of the principal amount of such Non-Ratable Loan.


More Definitions of Revolving Credit Pro Rata Share

Revolving Credit Pro Rata Share means, at any time for any Revolving Credit Lender, the ratio that such Revolving Credit Lender’s Revolving Credit Commitment bears to the Aggregate Revolving Credit Commitment.
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Revolving Credit Pro Rata Share means the Pro Rata Share.
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Revolving Credit Pro Rata Share means, as to any Revolving Credit Bank, with respect to the payment of principal or interest on account of Revolving Loans or L/C Advances, each Revolving Credit Bank's pro rata share of the outstanding principal balance of the Revolving Loans or L/C Advances with respect to which such payment is being made.
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Revolving Credit Pro Rata Share means, as to any Revolving Credit Lender at any time, the percentage equivalent (expressed as a decimal, rounded to the ninth decimal place) at such time of such Lender's Revolving Credit Commitment divided by the aggregate Revolving Credit Commitments or, if the Revolving Credit Commitments have expired or been terminated, the percentage equivalent (expressed as a decimal, rounded to the ninth decimal place) at such time of the Effective Amount of such Lender's Revolving Credit Loans divided by the aggregate Effective Amount of all Revolving Credit Loans.
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Revolving Credit Pro Rata Share means, at any particular time ------------------------------- and with respect to any Lender, a fraction, expressed as a percentage, the numerator of which shall be the then outstanding principal balance of that Lender's Revolving Credit Commitment and the denominator of which shall be the Aggregate Revolving Credit Commitment, as the same may be adjusted from time to time pursuant to the terms of this Agreement; provided, that following the -------- termination or reduction of the Commitment to zero, "Revolving Credit Pro Rata ------------------------- Share" shall mean, at any particular time and with respect to any Lender, a ----- fraction, expressed as a percentage, the numerator of which shall be the sum of the then outstanding principal balance of such Lender's portion of all outstanding Revolving Loans, and the denominator of which shall be the sum of the aggregate outstanding principal balance of all Revolving Loans hereunder.
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Revolving Credit Pro Rata Share means the percentage obtained by dividing (x) such Lender's Revolving Credit Obligations by (y) the aggregate amount of all Revolving Credit Obligations.
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Revolving Credit Pro Rata Share has the meaning described in Section (B) PROCEDURE FOR MAKING ADVANCES UNDER THE REVOLVING LOAN. (Procedure for Making Advances). "REVOLVING CREDIT TERMINATION DATE" MEANS THE EARLIER OF (A) JANUARY 21, 2002, (B) THE REPAYMENT OR PREPAYMENT OF THE TERM LOANS IN FULL, (C) THE DATE ON WHICH THE REVOLVING CREDIT COMMITMENTS ARE TERMINATED PURSUANT TO SECTION 7.2
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