Definition of Term Loan Commitment Percentage

  1. Term Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender's name on the Commitment Annex under the column "Term Loan Commitment Percentage" (if such Lender's name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Term Loan Commitment Amount of such Lender on such date divided by the Term Loan Commitment on such date.

Examples of Term Loan Commitment Percentage in a sentence

  1. Each Lenders obligation to fund the Term Loan shall be limited to such Lenders Term Loan Commitment Percentage, and no Lender shall have any obligation to fund any portion of any Term Loan required to be funded by any other Lender, but not so funded.
  2. Term Loan Commitment Percentage means: (i) 20% with respect to SVB, (ii) 33.3333% with respect to Merrill, and (ii) 46.6667% with respect to Oxford.

Definition of Term Loan Commitment Percentage in Security Agreement

Term Loan Commitment Percentage means, as to any Lender, the Term Loan Commitment Percentage (if any) set forth below such Lender's name on the signature page hereof (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Term Loan Commitment Percentage (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement), as the same may be adjusted upon any assignment by or to such Lender pursuant to Section 16.3(c) or (d) hereof.


Definition of Term Loan Commitment Percentage in Credit Agreement

Term Loan Commitment Percentage means, as to any Term Loan Lender, the Term Loan commitment percentage set forth opposite such Term Loan Lender's name on Schedule 1.1 hereto (or, in the case of any Term Loan Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Term Loan commitment percentage of such Term Loan Lender as set forth in the applicable Commitment Transfer Supplement), as the same may be adjusted upon any assignment by or to such Term Loan Lender pursuant to Section 16.3(c) or (d) hereof.


Definition of Term Loan Commitment Percentage in Amended and Restated Credit Agreement

Term Loan Commitment Percentage means, at any time, for each Term Loan Lender, the percentage of the Term Loan (or aggregate Term Loan Commitment, prior to the termination thereof) held by such Term Loan Lender to the aggregate Term Loan (or Term Loan Commitments) held by all Term Loan Lenders, as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 10.07. The initial Term Loan Commitment Percentages are set forth on Schedule 2.01.