Definition of Term B Funded Percentage


Term B Funded Percentage means, relative to any Lender, the applicable percentage relating to Term B Funded Loans set forth opposite its name on Schedule 2.1 hereto under the Term B Funded Loan Commitment column or set forth in an Assignment Agreement under the Term B Funded Loan Commitment column, as such percentage may be adjusted from time to time pursuant to Assignment Agreements executed by such Lender and its assignee Lender and delivered pursuant to subsection 10.1B. A Lender shall not have any Term B Funded Loan Commitment if its percentage under the Term B Funded Loan Commitment column is zero.

Examples of Term B Funded Percentage in a sentence

In a single borrowing, on the Closing Date, each Lender that has a Term B Funded Loan Commitment (referred to as a "Term B Funded Loan Lender"), agrees that it will severally make loans (relative to such Lender, its "Term B Funded Loans") to any Borrower equal to such Lender's Term B Funded Percentage of the aggregate amount of the borrowing of the Term B Funded Loans requested by such Borrower to be made on such day.
No Term B Funded Loan Lender shall be permitted or required to make any Term B Funded Loan if, after giving effect thereto, the aggregate outstanding principal amount of all Term B Funded Loans of such Term B Funded Loan Lender would exceed such Lender's Term B Funded Percentage of the then existing Term B Funded Loan Commitment Amount.