Definition of Term B Percentage


Term B Percentage means, as of any date of determination, expressed as a percentage, (i) the aggregate principal amount of outstanding Term B Loans divided by (ii) the aggregate principal amount of all outstanding Term Loans.
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Examples of Term B Percentage in a sentence

Term B Percentage means, as to any Lender, the percentage which (a) the Term B Commitment of such Lender (or, after the making of the Term B Loans, the principal amount of such Lender's Term B Loan) is of (b) the aggregate amount of Term B Commitments (or after the making of the Term B Loans, the aggregate principal amount of all Term B Loans).
Applicable Term B Percentage means with respect to any Term B Lender at any time, such Term B Lenders Applicable Percentage in respect of the Term B Facility at such time.
Each Lender severally agrees, on the terms and conditions set forth herein, to make a single loan to the Company (each such loan, a "Term B Loan") on the Closing Date in an amount not to exceed such Lender's Term B Percentage of $25,000,000.
Each Lender severally agrees, on the terms and conditions set forth herein, to make a single loan to the Company (each such loan, a "Term B Loan") on the Closing Date in an amount not to exceed such Lender's Term B Percentage of $42,301,587.30.
The Administrative Agent will promptly distribute to each Lender its Revolving Percentage of any portion of such payment related to the Revolving Loans, its Term A Percentage of any portion of such payment relating to the Term Loans, its Term B Percentage of any portion of such payment relating to the Term B Loans, its Term C Percentage of any portion of such payment relating to the Term C Loan and its Term D Percentage of any portion of such payment relating to the Term D Loan.