Definition of Term B Proportionate Share


Term B Proportionate Share means, as to any Term B Lender at any time, in the case of the Term B Loans, the percentage equivalent (expressed as a decimal, rounded to the ninth decimal place) of the aggregate principal amount of such Term B Lender's Term B Loans divided by the aggregate principal amount of Term B Loans then held by all Term B Lenders. The initial Term B Proportionate Shares of each Term B Lender are set forth opposite such Lender's name on a schedule maintained with the Administrative Agent.
Sample 1

Examples of Term B Proportionate Share in a sentence

For purposes of this Section 2.01(b), each Departing Term B Lender shall be deemed to have reduced its Term B Proportionate Share to zero on the Effective Date.
Each Term B Lender increasing its Term B Proportionate Share of the aggregate outstanding Term B Loans on the Effective Date shall (i) be deemed to have assumed such portion of such Term B Loans and (ii) fund on the Effective Date such assumed amounts to the Administrative Agent for the account of the assigning Term B Lender in accordance with the provisions hereof in the amount notified to such increasing Term B Lender by the Administrative Agent.
To effect the foregoing, on the Effective Date the Administrative Agent shall calculate the Term B Proportionate Share of each Remaining Lender and each New Lender of the Aggregate Term B Commitment.