Definition of Term Loan Applicable Percentage

  1. 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.

Examples of Term Loan Applicable Percentage in a sentence

  1. 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.

Definition of Term Loan Applicable Percentage in Credit Agreement

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.


Definition of Term Loan Applicable Percentage in First Lien Credit Agreement

Term Loan Applicable Percentage means with respect to any Term Loan Lender at any time, the percentage (carried out to the ninth decimal place) of the Term Loan Facility represented by the principal amount of such Term Loan Lender's Term Loans at such time. The initial Term Loan Applicable Percentage of each Term Loan Lender is set forth opposite the name of such Term Loan Lender on Schedule 2.01(a) or in the Assignment and Assumption pursuant to which such Term Loan Lender becomes a party hereto, as applicable.


Definition of Term Loan Applicable Percentage in First Amendment

Term Loan Applicable Percentage means, the Term A-1 Loan Applicable Percentage, the Term A-2 Loan Applicable Percentage, the Term A-3 Loan Applicable Percentage or the Incremental Term Loan Applicable Percentage, as applicable.