Required Share definition

Required Share shall have the meaning assigned to such term in Section 5.10 [Settlement Date Procedures].

Required Share means as is specified in Section 5.11.

Required Share means as is specified in Section 5.11 [Settlement Date Procedures].

Examples of Required Share in a sentence

• On such Settlement Date, each Lender shall pay to the Administrative Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Administrative Agent shall pay to each Lender its Ratable Share of all payments made by the Borrower to the Administrative Agent with respect to the Revolving Credit Loans.

• On such Settlement Date, each Lender shall pay to the Administrative Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Administrative Agent shall pay to each Lender its Ratable Share of all payments made by the Borrowers to the Administrative Agent with respect to the Revolving Credit Loans.

• The Administrative Agent shall notify each Lender of its Ratable Share of the total of the Revolving Credit Loans and the Swing Loans (each a "Required Share").

• Prior to 2:00 p.m. on such Settlement Date, each Lender shall pay to the Administrative Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Administrative Agent shall pay to each Lender its Ratable Share of all payments made by the Borrower to the Administrative Agent with respect to the Revolving Credit Loans.

• Prior to 2:00 p.m., Pittsburgh time, on such Settlement Date, each Lender shall pay to the Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Agent shall pay to each Lender its Ratable Share of all payments made by the Borrower to the Agent with respect to the Revolving Credit Loans.

More Definitions of Required Share

Required Share has the meaning assigned to such term in Section 5.10.

Required Share shall have the meaning specified in Section 4.11 [Settlement Date Procedures]. Revolving Credit Availability shall mean, as of any date of determination thereof by the Administrative Agent with respect to the Domestic Borrowers, the result, if a positive number, of (a) the lesser of (i) the Revolving Credit Commitments, or (ii) (A) until the occurrence of a Borrowing Base Trigger Event, the Simplified Borrowing Base, or (B) thereafter, the Borrowing Base, minus (b) the Revolving Facility Usage, minus (c) the aggregate amount of all then outstanding and unpaid trade payables and other obligations of Domestic Borrowers which are more than sixty (60) days past due as of such time (it being understood that to the extent that the time for payment of any such trade payables and other obligations has been extended in writing by the applicable creditor, such trade payables and other obligations shall not be deemed to be past due until the extended date for payment has passed). In calculating Revolving Credit Availability at any time and for any purpose under this Agreement, the Borrowers shall certify to the Administrative Agent that all accounts payable and taxes are being paid on a timely basis. Revolving Credit Commitment shall mean, as to any Lender at any time, the amount initially set forth opposite its name on Schedule 1.1(B) in the column labeled “Amount of Commitment for Revolving Credit Loans,” as such Commitment is thereafter assigned or modified and Revolving Credit Commitments shall mean the aggregate Revolving Credit Commitments of all of the Lenders.

Required Share shall have the meaning specified in Section 4.10 [Settlement Date Procedures]. Revolving Credit Commitment shall mean, as to any Lender at any time, the amount initially set forth opposite its name on Schedule 1.1(B) in the column labeled “Amount of Commitment for Revolving Credit Loans”, as such Commitment is thereafter increased pursuant to Section 2.5 [Increase in Revolving Credit Commitments] or decreased pursuant to Section 2.10 [Reduction of Revolving Credit Commitments], as applicable, and Revolving Credit Commitments shall mean the aggregate Revolving Credit Commitments of all of the Lenders.

Required Share shall have the meaning assigned to such term in Section 5.10 [Settlement Date Procedures]. “Resigning Issuing Lender” shall have the meaning assigned to such term in Section 2.9.12 [Resigning Issuing Lenders].

Required Share shall have the meaning specified in Section 5.11 [Settlement Date Procedures]. Reserve Percentage shall mean as of any day the maximum percentage in effect on such day to be maintained by a Lender as required for reserve liquidity, special deposit, or similar purpose by any governmental or monetary authority of any country or political subdivision thereof (including any central bank), against (i) any category of liabilities that includes deposits by reference to which a Eurocurrency Rate is to be determined, or (ii) any category of extension of credit or other assets that includes Loans or Borrowing Tranches to which a Eurocurrency Rate applies. Restricted Payments shall have the meaning specified in Section 8.2.4 [Restricted Payments]. Revolving Credit Commitment shall mean, as to any Lender at any time, the amount initially set forth opposite its name on Schedule 1.1(B) in the column labeled "Amount of Commitment for Revolving Credit Loans," as such Commitment is thereafter assigned or modified (including any increases pursuant to Section 2.9) and Revolving Credit Commitments shall mean the aggregate Revolving Credit Commitments of all of the Lenders.

Required Share has the meaning specified in Section 2.20.

Required Share shall have the meaning assigned to such term in Section 2.12.