Applicable Loan Percentage means (i) with respect to any Tranche 1 Lender at any time, the percentage (carried out to the ninth decimal place) of the aggregate Outstanding Amount of all Tranche 1 Loans represented by the aggregate Outstanding Amount of such Tranche 1 Lender’s Tranche 1 Loans at such time, and (ii) with respect to any Tranche 2 Lender at any time, the percentage (carried out to the ninth decimal place) of the aggregate Outstanding Amount of all Tranche 2 Loans represented by the aggregate Outstanding Amount of such Tranche 2 Lender’s Tranche 2 Loans at such time.
Applicable Loan Percentage means, collectively or individually as context requires (a) in respect of the Term A-2 Facility, with respect to any Term A-2 Lender at any time, the percentage (carried out to the ninth decimal place) of the Term A-2 Loans represented by the principal amount of such Term A-2 Lender’s Term A-2 Loans at such time, (b) in respect of the Term A-3 Facility, with respect to any Term A-3 Lender at any time, the percentage (carried out to the ninth decimal place) of the Term A-3 Loans represented by the principal amount of such Term A-3 Lender’s Term A-3 Loans at such time and (c) in respect of the Term A-5 Facility, with respect to any Term A-5 Lender at any time, the percentage (carried out to the ninth decimal place) of the Term A-5 Loans represented by the principal amount of such Term A-5 Lender’s Term A-5 Loans at such time.
Applicable Loan Percentage means, with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the Aggregate Commitments represented by such Xxxxxx’s Commitment at such time, subject to adjustment as provided in Section 2.16. The initial Applicable Loan Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.
Examples of Applicable Loan Percentage in a sentence
The Administrative Agent will promptly distribute to each Appropriate Lender its Applicable Loan Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office.
The Administrative Agent will promptly notify each Lender under the applicable Facility of its receipt of each such notice, and of the amount of such Lender’s Applicable Loan Percentage of such prepayment.
The Administrative Agent will promptly distribute to each such Lender its Applicable Loan Percentage in respect of the relevant Facility (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office.
Each requested Xxxxxx, acting in its sole and individual discretion, shall notify the Incremental Arranger within such time period whether or not it agrees to provide an Incremental Term Loan, and, if so, whether by an amount equal to, greater than, or less than its relevant Applicable Loan Percentage of such requested Incremental Term Loan.
The Administrative Agent will promptly notify each applicable Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Loan Percentage of such prepayment.
More Definitions of Applicable Loan Percentage
Applicable Loan Percentage means a fraction, expressed as a percentage, the numerator of which is the aggregate principal amount of xxxxxx Loans then outstanding under this Agreement and the denominator of which is the aggregate principal amount then outstanding of Parity Lien Debt (as defined in the Collateral Trust Agreement).
Applicable Loan Percentage means, on each day of any Interest Period, with respect to any LIBOR Loans comprising a Revolving Credit Borrowing or any Fed Funds Rate Loans comprising a Revolving Credit Borrowing, as the case may be, the annual percentage rate (expressed in basis points) indicated in the following table corresponding to the Borrower's Consolidated Leverage Ratio as measured for the Fiscal Quarter immediately preceding and ending on the Determination Date applicable to such Interest Period and the Borrower's Consolidated Fixed Charge Coverage Ratio as measured for the Four Fiscal Quarter Period ending as of such Determination Date: INTEREST RATE PRICING GRID TABLE (EXPRESSED IN BASIS POINTS) CONSOLIDATED CONSOLIDATED FIXED CHARGE COVERAGE RATIO LEVERAGE RATIO Less Than Greater Than or Equal to Greater Than 2.00 to 1.00 1.75 to 1.00 1.75 to 1.00 but but Less Than 2.25 to 1.00 Less Than 2.00 to 1.00 Greater Than .35 to 1.00 100.00 75.00 65.00 Less Than or Equal to .35 to 1.00 but Greater Than .25 to 1.00 70.00 65.00 45.00 Less Than or Equal to .25 to 1.00 but Greater Than .15 to 1.00 60.00 45.00 35.00 Less Than or Equal to .15 to 1.00 50.00 35.00 30.00 CONSOLIDATED CONSOLIDATED FIXED CHARGE COVERAGE RATIO LEVERAGE RATIO Greater Than or Equal to 2.25 to 1.00 Greater Than .35 to 1.00 45.00 Less Than or Equal to .35 to 1.00 but Greater Than .25 to 1.00 35.00 Less Than or Equal to .25 to 1.00 but Greater Than .15 to 1.00 30.00 Less Than or Equal to .15 to 1.00 25.00
Applicable Loan Percentage means, collectively or individually as context requires (a) in respect of the Term A-3 Facility, with respect to any Term A-3 Lender at any time, the percentage (carried out to the ninth decimal place) of the Term A-3 Loans represented by the principal amount of such Term A-3 Lender’s Term A-3 Loans at such time and (b) in respect of the Term A-5 Facility, with respect to any Term A-5 Lender at any time, the percentage (carried out to the ninth decimal place) of the Term A-5 Loans represented by the principal amount of such Term A-5 Lender’s Term A-5 Loans at such time.
Applicable Loan Percentage means (i) with respect to any Tranche 1 Lender at any time, the percentage (carried out to the ninth decimal place) of the aggregate Outstanding Amount of all Tranche 1 Loans represented by the aggregate Outstanding Amount of such Tranche 1 Lender’s Tranche 1 Loans at 2 1006836498v2
Applicable Loan Percentage means with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the aggregate Outstanding Amount of all Loans represented by the aggregate Outstanding Amount of such Xxxxxx's Loans at such time.
Applicable Loan Percentage means, on each day of any Interest Period with respect to any LIBOR Loans comprising a Revolving Credit Borrowing, the percentage per annum indicated in the following table corresponding to Shiloh's ratio of Funded Debt to EBITDA, on a Consolidated basis, as measured for a Four Fiscal Quarter Period ending as of the Determination Date applicable to such Interest Period (or corresponding to an Event of Default):
Applicable Loan Percentage corresponding to Shiloh's Consolidated Ratio of Funded Debt to EBITDA as of the Determination Date applicable thereto. Any such adjustment of the Applicable Loan Percentage shall cease to be effective commencing on the earliest of (x) the next Interest Adjustment Date, (y) the Banking Day following the day on which the financial statements required to be delivered under Section 8.1(a) or 8.1(b), as the case may be, for the period ending as of the last day of the Fiscal Quarter or Fiscal Year immediately preceding the date upon which the then Applicable Loan Percentage shall cease to be effective or (z) the date upon which an Event of Default shall occur. The Applicable Loan Percentage effective from such earlier date and from time to time thereafter shall be the Applicable Loan Percentage as may be applicable at such time pursuant to this Section 3.5(b); provided, however, that (A) if an Event of Default (other than an Event of Default under Section 10.1) shall occur, the Applicable Loan Percentage shall be 2.0% per annum in excess of the rate per annum required to be paid on such Loans immediately prior to the date on which such Event of Default shall have occurred and (B) if an Event of Default under Section 10.1 shall occur, the interest rate shall be the interest rate in effect pursuant to Section 3.5(c).