Definition of Term Loan Applicable Percentage


Term Loan Applicable Percentage means, as to each Term Lender, the ratio, expressed as a percentage, of (a) the aggregate amount of such Term Lender's Term Commitment to (b) the aggregate amount of the Term Commitments of all Term Lenders; provided, however, that if at the time of determination the Term Commitments have terminated or been reduced to zero, the "Term Loan Applicable Percentage" of each Term Lender shall be the Term Commitment Percentage of such Term Lender in effect immediately prior to such termination or reduction.
Sample 1 Sample 2 Sample 3

Examples of Term Loan Applicable Percentage in a sentence

The Administrative Agent will promptly distribute to each Lender its Revolver Applicable Percentage or Term Loan Applicable Percentage, as applicable, (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lenders Lending Office.
Each payment of principal and interest in respect of the Term Loans and each payment in respect of fees payable hereunder shall be applied to the amounts of such obligations owing to Lenders pro rata according to the respective Term Loan Applicable Percentage of each Lender.
Applicable Percentage means, with respect to any Lender at any time, such Lenders Revolving Credit Applicable Percentage or Term Loan Applicable Percentage, as applicable, at such time.
In addition, subject to the terms and conditions of this Agreement, following the initial funding, each Lender further agrees to make one or more additional loans to Borrower in the principal amount not to exceed its Term Loan Applicable Percentage of One Hundred Million and 00/100 Dollars ($100,000,000.00) (collectively, "Term Loan Additional Advance" and, together with the Term Loan Initial Funding, the "Term Loan").
The Administrative Agent will promptly distribute to each Lender its Revolver Applicable Percentage or Term Loan Applicable Percentage, as applicable, (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender's Lending Office.