Tranche 2 Percentage definition

Tranche 2 Percentage means, at any time for each Tranche 2 Lender, the percentage obtained by dividing such Tranche 2 Lender’s Tranche 2 Commitment at such time by the Total Tranche 2 Commitment then in effect, provided that, if the Total Tranche 2 Commitment has been terminated, the Tranche 2 Percentage of each Tranche 2 Lender shall be determined by dividing such Tranche 2 Lender’s Tranche 2 Commitment as in effect immediately prior to such termination by the Total Tranche 2 Commitment as in effect immediately prior to such termination (but also giving effect to any assignments made in accordance with Section 12.04(b) after the date on which the Total Tranche 2 Commitment has terminated).
Sample 1Sample 2Sample 3
Tranche 2 Percentage means, at any time for each Tranche 2 Lender, the percentage obtained by dividing such Tranche 2 Lender’s Tranche 2 Commitment at such time by the Total Tranche 2 Commitment then in effect, provided that, if the Total Tranche 2 Commitment has been terminated, the Tranche 2 Percentage of each Tranche 2 Lender shall be determined by dividing such Tranche 2 Lender’s Tranche 2 Commitment as in effect immediately prior to such termination by the Total Tranche 2 Commitment as in effect immediately prior to such termination (but also giving effect to any assignments made in accordance with Section 10.04(b) after the date on which the Total Tranche 2 Commitment has terminated).
Sample 1Sample 2Sample 3
Tranche 2 Percentage as to any Bank at any time, the percentage which such Bank's Tranche 2 Commitment then constitutes of the aggregate Tranche 2 Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Bank's Tranche 2 Loans then outstanding constitutes of the aggregate principal amount of the Tranche 2 Loans then outstanding).
Sample 1

Examples of Tranche 2 Percentage in a sentence

  • As soon as possible following the Effective Date, each Existing Tranche 2 Letter of Credit shall be amended to replace each Original Lender on such Existing Tranche 2 Letter of Credit with each Tranche 2 Lender party to this Agreement on the Effective Date in accordance with each such Tranche 2 Lender’s Tranche 2 Percentage.

  • The Administrative Agent will promptly notify each Tranche 1 Lender of its receipt of each such notice in respect of any Tranche 1 Loans, and of the amount of such Tranche 1 Lender’s Applicable Tranche 1 Percentage of such prepayment and will promptly notify each Tranche 2 Lender of its receipt of each such notice in respect of any Tranche 2 Loans, and of the amount of such Tranche 2 Lender’s Applicable Tranche 2 Percentage of such prepayment.

  • Effective on the Effective Date, all references in this Agreement to Schedule 1.01(a) shall, unless specified otherwise, refer to Schedule 1.01(a) attached to this Agreement and the Tranche 1 Percentage Interest or Tranche 2 Percentage Interest, as applicable, of the Banks shall be adjusted to equal the respective percentages set forth on Schedule 1.01(a) attached to this Agreement.

  • Exhibit 10.1 Tranche 2 Lenders Tranche 2 Lender Tranche 2 Commitment Applicable Tranche 2 Percentage Xxxxx Fargo Bank, N.A. $170,000,000 31.192660550 % HSBC Bank USA, N.A. $100,000,000 18.348623850 % National Westminster Bank plc $100,000,000 18.348623850 % U.S. Bank, National Association $100,000,000 18.348623850 % Australia and New Zealand Banking Group Limited $75,000,000 13.761467890 % Total $545,000,000 100.000000000 % 2.

  • Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Commitment and, if so, whether by an amount equal to, greater than, or less than its Tranche 1 Percentage and/or Tranche 2 Percentage of such requested increase.

  • As soon as possible following the Effective Date, each Existing Tranche 2 Letter of Credit shall be amended to replace each Original Lender on such Existing Tranche 2 Letter of Credit with each Tranche 2 Lender party to this Agreement on the Effective Date in accordance with such Tranche 2 Lender’s Tranche 2 Percentage.


More Definitions of Tranche 2 Percentage

Tranche 2 Percentage means with respect to any Tranche 2 Lender at any time, the percentage (carried out to the ninth decimal place) of the aggregate Tranche 2 Commitments represented by such Tranche 2 Lender’s Tranche 2 Commitment at such time; provided that in the case of Section 2.16 when a Defaulting Lender shall exist, “Tranche 2 Percentage” shall mean the percentage of the total Tranche 2 Commitments (disregarding any Defaulting Lender’s Tranche 2 Commitment) represented by such Tranche 2 Lender’s Tranche 2 Commitment. If the commitment of each Lender to make Tranche 2 Loans has been terminated pursuant to Section 8.02 or if the Tranche 2 Commitments have expired, then the Tranche 2 Percentage of each Tranche 2 Lender shall be determined based on the Tranche 2 Percentage of such Tranche 2 Lender most recently in effect, giving effect to any subsequent assignments. The initial Tranche 2 Percentage of each Tranche 2 Lender is set forth opposite the name of such Tranche 2 Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Tranche 2 Lender becomes a party hereto, as applicable.
Sample 1
Tranche 2 Percentage means the percentage of the total Tranche 2 Commitments (disregarding any Defaulting Lender’s Tranche 2 Commitment) represented by such Tranche 2 Lender’s Tranche 2 Commitment. If the commitment of each Lender to make Tranche 2 Loans has been terminated pursuant to Section 8.02 or if the Tranche 2 Commitments have expired, then the Tranche 2 Percentage of each Tranche 2 Lender shall be determined based on the Tranche 2 Percentage of such Tranche 2 Lender most recently in effect, giving effect to any subsequent assignments. The initial Tranche 2 Percentage of each Tranche 2 Lender is set forth opposite the name of such Tranche 2 Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Tranche 2 Lender becomes a party hereto, as applicable.
Sample 1
Tranche 2 Percentage means, at any time with respect to any Tranche 2 Lender, the percentage of the total Tranche 2 Commitments represented by such Lender’s Tranche 2 Commitment at such time. If the Tranche 2 Commitments have terminated or expired, the Tranche 2 Percentages shall be determined based upon the Tranche 2 Commitments most recently in effect, giving effect to any assignments. [[5701865]]
Sample 1

Related to Tranche 2 Percentage

  • Class C Percentage means at any time the percentage equivalent of a fraction, the numerator of which is the Outstanding Amount of the Class C Notes and the denominator of which is the sum of the Outstanding Amount of all the Notes.

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.

  • PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.

  • Revolving Percentage as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of all Revolving Loans then outstanding; provided that in the event that the Revolving Loans are paid in full prior to the reduction to zero of the Total Revolving Commitments, the Revolving Percentages shall be determined in a manner designed to ensure that the other outstanding Revolving Extensions of Credit shall be held by the Revolving Lenders on a comparable basis.

  • Funding Percentage means with respect to any Payment Date, the percentage derived from the fraction the numerator of which is the Pre-Funded Amount and the denominator of which is the sum of the aggregate Principal Balance of Receivables transferred to the Trust and the Pre-Funded Amount, in each case, as of the last day of the related Collection Period.

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

  • Class B Percentage Any one of the Class B-1 Percentage, Class B-2 Percentage, Class B-3 Percentage, Class B-4 Percentage, Class B-5 Percentage or Class B-6 Percentage.

  • Target Percentage means those percentages assigned to Participants pursuant to Section 3.2 hereof.

  • Note Percentage means (i) for each Payment Date until the aggregate principal amount of each Class of Notes has been paid in full, 100%; and (ii) thereafter, 0%.

  • Payout Percentage means the percentage (between 0% and 200%) determined by the Committee in accordance with the procedures set forth in Paragraph 2, which shall be used to determine the value of each Performance Unit.

  • Non-PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is the Required Coupon. As to any Non-Discount Mortgage Loan, 100%.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Cash Percentage shall have the meaning specified in Section 14.02(a)(iii).

  • Funded Percentage means, with respect to any Lender at any time, a percentage equal to a fraction the numerator of which is the amount actually disbursed and outstanding to Borrower by such Lender at such time and the denominator of which is the total amount disbursed and outstanding to Borrower by all of the Lenders at such time.

  • Class A Percentage means 100% minus the Class B Percentage.