Examples of Term B Percentage in a sentence
Except as expressly provided herein, the Administrative Agent will promptly distribute, in like funds as received, 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 A Loans or its Term B Percentage of any portion of such payment relating to the Term B Loans.
In a single Borrowing (which shall be on a Business Day) occurring on the Effective Date, each Term B Lender agrees that it will make Term B Loans to the Borrower equal to such Lender's Term B Percentage of the aggregate amount of the Borrowing of Term B Loans requested by the Borrower to be made on such day.
The initial Term B Percentage of each Lender is set forth across from such Lender’s name on Schedule 2.1. Term Loans means, collectively, the Term A Loans and the Term B Loans.
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.
Aggregate principal and interest payments in respect of Term B Loans shall be made proportionately to the Lenders' respective Term B Percentage.