Definition of Term Loan Allocation Ratio


Term Loan Allocation Ratio means (a) for the Floating Rate Tranche means the ratio, expressed as a percentage, determined by dividing (i) the Floating Rate Term Commitment by (ii) the Aggregate Term Commitment; and (b) for the Fixed Rate Tranche means the ratio, expressed as a percentage, determined by dividing (i) the Fixed Rate Term Commitment by (ii) the Aggregate Term Commitment.

Examples of Term Loan Allocation Ratio in a sentence

Principal payments on or applied to the Term Loan shall be allocated between the Floating Rate Tranche and the Fixed Rate Tranche in accordance with the Term Loan Allocation Ratio and remitted to the Syndication Parties in accordance with the portion of their Individual Term Pro Rata Share allocable to each such Tranche.
A portion of such Term Advance determined by multiplying the amount of the Term Advance by the Term Loan Allocation Ratio applicable to the Floating Rate Tranche, shall be identified as the Floating Rate Tranche and shall bear interest as provided in Subsection 4.4.2 and shall be payable as provided in Section 5.3 hereof.
Principal payments, including prepayments, on the Term Loan shall be allocated between the Fixed Rate Tranche and the Floating Rate Tranche in accordance with the Term Loan Allocation Ratio.
A portion of such Term Advance determined by multiplying the amount of the Term Advance by the Term Loan Allocation Ratio applicable to the Fixed Rate Tranche, shall be identified as the Fixed Rate Tranche and shall bear interest as provided in Subsection 4.4.1 and shall be payable as provided in Section 5.3 hereof.
Any such reduction shall reduce the Aggregate Commitment and shall be applied pro-rata between the Floating Rate Tranche and the Fixed Rate Tranche in accordance with the Term Loan Allocation Ratio.