Term B Proportionate Share definition

Term B Proportionate Share has the meaning specified in the definition of “Proportionate Share”.
Sample 1
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
Term B Proportionate Share means, as to any Term B Lender at any time, in the case of the Term B Commitments or the Term B Loans, the percentage equivalent (expressed as a decimal, rounded to the ninth decimal place) of such Term B Lender’s Term B Commitment divided by the aggregate Term B Commitments of all Term B Lenders (or, if all Term B Commitments have been terminated, 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 and countersigned by Holdings.
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 Existing Term B Loans on the Effective Date shall (i) be deemed to have assumed such portion of such Existing Term B Loans and (ii) fund on Table of Contents 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.

  • 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.

  • For purposes of this Section 2.01(a)(i), each Departing Term B Lender shall be deemed to have reduced its Term B Proportionate Share to zero on the Effective Date.

Related to Term B Proportionate Share

  • Proportionate Share means, with respect to any Lender, the percentage obtained by dividing (a) the Commitment (or, if the Commitments are terminated, the outstanding principal amount of the Loans) of such Lender then in effect by (b) the sum of the Commitments (or, if the Commitments are terminated, the outstanding principal amount of the Loans) of all Lenders then in effect.

  • Tenant’s Proportionate Share is, subject to the provisions of this Paragraph 3, the percentage number described in Item 4 of the Basic Lease Provisions. Tenant's Proportionate Share represents a fraction, the numerator of which is the number of square feet of Rentable Area in the Premises and the denominator of which is the number of square feet of Rentable Area in the Project, as determined by Landlord pursuant to Subparagraph 2(d) above.

  • Proportionate Percentage means, with respect to any Stockholder as of any date, the result (expressed as a percentage) obtained by dividing (i) the number of shares of Common Stock owned by such Stockholder as of such date by (ii) the total number of shares of Common Stock outstanding as of such date.

  • Proportionate Interest has the meaning specified in Section 2.5(d);

  • Ratable Share means, for any Guarantor in respect of any payment of Obligations, the ratio (expressed as a percentage) as of the date of such payment of Obligations of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of all of the Loan Parties exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties hereunder) of the Loan Parties; provided, however, that, for purposes of calculating the Ratable Shares of the Guarantors in respect of any payment of Obligations, any Guarantor that became a Guarantor subsequent to the date of any such payment shall be deemed to have been a Guarantor on the date of such payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such payment; and (c) “Contribution Share” shall mean, for any Guarantor in respect of any Excess Payment made by any other Guarantor, the ratio (expressed as a percentage) as of the date of such Excess Payment of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of the Loan Parties other than the maker of such Excess Payment exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties) of the Loan Parties other than the maker of such Excess Payment; provided, however, that, for purposes of calculating the Contribution Shares of the Guarantors in respect of any Excess Payment, any Guarantor that became a Guarantor subsequent to the date of any such Excess Payment shall be deemed to have been a Guarantor on the date of such Excess Payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such Excess Payment. This Section 10.06 shall not be deemed to affect any right of subrogation, indemnity, reimbursement or contribution that any Guarantor may have under Law against the Borrower in respect of any payment of Obligations.

  • Pro Rata Share As to any Distribution Date, the Subordinated Principal Distribution Amount and any Class of Subordinated Certificates, the portion of the Subordinated Principal Distribution Amount allocable to such Class, equal to the product of the Subordinated Principal Distribution Amount on such Distribution Date and a fraction, the numerator of which is the related Class Certificate Balance thereof and the denominator of which is the aggregate of the Class Certificate Balances of the Subordinated Certificates.

  • Consolidated Group Pro Rata Share means, with respect to any Investment Affiliate, the percentage of the total equity ownership interests held by the Consolidated Group in the aggregate, in such Investment Affiliate determined by calculating the greater of (i) the percentage of the issued and outstanding stock, partnership interests or membership interests in such Investment Affiliate held by the Consolidated Group in the aggregate and (ii) the percentage of the total book value of such Investment Affiliate that would be received by the Consolidated Group in the aggregate, upon liquidation of such Investment Affiliate, after repayment in full of all Indebtedness of such Investment Affiliate.

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Ratable means, as to any Lender, in accordance with its Specified Percentage.

  • Allocable Percentage means, on any date of determination thereof, a fraction the denominator of which shall be equal to the number of Borrowers who are parties to this Agreement on such date and the numerator of which shall be 1; provided, however, that such percentages shall be modified in the event that contribution from a Borrower is not possible by reason of insolvency, bankruptcy or otherwise by reducing such Borrower’s Allocable Percentage equitably and by adjusting the Allocable Percentage of the other Borrowers proportionately so that the Allocable Percentages of all Borrowers at all times equals 100%.

  • Tenant’s Pro Rata Share are both subject to adjustment as provided in this Lease. Definition or Provision Means the Following (As of the Term Commencement Date} Approximate Rentable Area of Premises 11,173 square feet Approximate Rentable Area of Project 67,998 square feet Tenant’s Pro Rata Share of Project 16.43%

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Allocable Share means allocable share as that term is defined in the master settlement agreement.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Increasing Lenders shall have the meaning given to that term in Section 2.01(b)(i).

  • Incremental Operating Costs means the incremental expenses incurred by the Recipient’s implementing agencies on account of Project implementation, management, and monitoring, including office space rental, utilities, and supplies, bank charges, communications, advertising, vehicle operation, maintenance, and insurance, building and equipment maintenance costs, travel and supervision costs, and salaries of supporting staff, but excluding salaries of officials of the Recipient’s civil service.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).