Term Loan Ratio definition

Term Loan Ratio means for any measuring period the ratio of (x) the aggregate amount of Term Loans, as of the last day of such period to (y) Accelerated Learning EBITDA for such period.
Sample 1
Term Loan Ratio means 3.70 to 1.00.
Sample 1
Term Loan Ratio means, with respect to any Lender and on any date, the ratio, expressed as a percentage, of (a) such Lender’s portion of the outstanding principal amount of the Term Loan on such date, divided by (b) the aggregate outstanding principal amount of the Term Loan of all Lenders on such date. Each Lender’s Term Loan Ratio, as of the Agreement Date, is set forth (together with Dollar amounts thereof) on Schedule 1(a).
Sample 1

Examples of Term Loan Ratio in a sentence

  • Each Lender shall make the amount of such Lender’s ratable share (based upon such Lender’s Term Loan Ratio) of the Term Loan to be made on the Agreement Date available to the Administrative Agent in same day funds, to such account of the Administrative Agent as the Administrative Agent may designate, not later than 2:00 p.m. (Boston, Massachusetts time) on the Agreement Date.

  • The Early Termination Fee shall be allocated among the Lenders in accordance with the amount of each Lender’s Term Loan Ratio of the principal amount of $10,000,000.

  • Each Lender agrees, severally in accordance with its Term Loan Ratio and not jointly with the other Lenders, upon the terms and subject to the conditions of this Agreement, to lend to the Borrower, on the Agreement Date, an amount equal to such Lender’s ratable share (based upon such Lender’s Term Loan Ratio) of the aggregate principal amount of the Term Loan.

  • As of the Closing Date, the Applicable Term Loan Ratio Margin is 2.75% Effective , 200_, the Applicable Margins shall be adjusted (up or down) prospectively on a quarterly basis as determined by Borrower’s consolidated financial performance, commencing with the first day of the first calendar month that occurs more than five (5) days after delivery of Borrower’s quarterly Financial Statements to Lender for the Fiscal Quarter ending , 200 .

  • SCHEDULE 2 INCREMENTAL TERM LOAN LENDERS Name of Institution Incremental Term Loan Ratio ------------------- --------------------------- Xxxxxx Xxxxx & Partners III, L.P. 93.555% Xxxxxx Xxxxx & Partners Dutch III-A, L.P. 2.817% Xxxxxx Xxxxx & Partners Dutch III-B, L.P. 2.817% Xxxxxx Xxxxx & Partners III-C, L.P. 0.811% ANNEX A FORM OF LENDER ADDENDUM [see attached] ANNEX A FORM OF LENDER ADDENDUM (INCREMENTAL TERM LOAN LENDER) ZIFF XXXXX MEDIA INC.

  • Borrower's and its Subsidiaries' Term Loan Ratio, measured on a quarter-end basis, for the month period ending _________, ________ is ___:1.0, which [is/is not] less than or equal to the amount set forth in Section 7 of the Credit Agreement for the corresponding period.

  • A Term Loan Note shall be payable to the order of each Lender requesting such a Note in accordance with the Term Loan Ratio of such Lender.

Related to Term Loan Ratio

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Net Loan Rate With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the then applicable Loan Rate for such Mortgage Loan minus the related Servicing Fee Rate and the Master Servicing Fee Rate.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Term Loan Percentage means, with respect to any Term Loan Lender at any time, the percentage of the total outstanding principal balance of the Term Loans represented by the outstanding principal balance of such Term Loan Lender’s Term Loans.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Term Loans means the term loans made by the Term Lenders to the Borrower pursuant to Section 2.01(b).

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Term Loan as defined in Section 2.1.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Maximum Term Loan Amount means Two Hundred Million and No/100 Dollars ($200,000,000).

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.