Definition of Term B Percentage

  1. 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.

Examples of Term B Percentage in a sentence

  1. Subject to the terms and conditions set forth herein, each Term B Lender severally agrees to make a single loan to the Borrowers on the Closing Date in an amount not to exceed such Term B Lenders Term B Percentage, as set forth on Schedule 2.01, of the Term B Loan, and all of such Term B Lenders loans so made constitute the Term B Loan.

Definition of Term B Percentage in Credit Agreement

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.