Definition of Term Commitment Percentage

  1. Term Commitment Percentage means, as to each Term Lender, (a) prior to the making of the Term Loan on the Effective Date, the ratio, expressed as a percentage, of (i) the amount of such Lender's Term Commitment to (ii) the aggregate amount of the Term Commitments of all Term Lenders hereunder and (b) after the making of the Term Loan on the Effective Date, the ratio expressed as a percentage, of (i) the unpaid principal amount of such Term Lender's Term Loan to (ii) the aggregate unpaid principal amount of all Term Loans.

Examples of Term Commitment Percentage in a sentence

  1. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan to the Borrower on the Closing Date in an amount not to exceed such Term Lenders Term Commitment Percentage of the Term Facility.

Definition of Term Commitment Percentage in Agreement and Plan of Merger

Term Commitment Percentage means, as to each Term Lender, (a) prior to the making of the Term Loan on the Effective Date, the ratio, expressed as a percentage, of (i) the amount of such Lender's Term Commitment to (ii) the aggregate amount of the Term Commitments of all Term Lenders hereunder and (b) after the making of the Term Loan on the Effective Date, the ratio expressed as a percentage, of (i) the unpaid principal amount of such Term Lender's Term Loan to (ii) the aggregate unpaid principal amount of all Term Loans.


Definition of Term Commitment Percentage in Amended and Restated Loan Agreement

Term Commitment Percentage means, for each Lender, the percentage of the aggregate Term Commitments represented by such Lender's Term Commitment at such time and identified as its Term Commitment Percentage on Schedule 2.01, as such percentage may be (a) increased pursuant to Section 2.15 or reduced pursuant to Section 2.10 and (b) modified in connection with any Assignment and Assumption made in accordance with the provisions of Section 10.06(b).


Definition of Term Commitment Percentage in Amended and Restated

Term Commitment Percentage means, as to each Lender with a Term Commitment, the ratio, expressed as a percentage, of (a) the amount of such Lender's Term Commitment to (b) the aggregate amount of the Term Commitments of all Lenders hereunder.