Stated Percentage definition

Stated Percentage means, for each Group on any date of determination, the ratio of such Group’s Group Limit to the Aggregate Commitment (or, if the Commitments have been terminated, the ratio of such Group’s Group Limit to the Aggregate Commitment immediately prior to such termination).

Stated Percentage shall have the meaning given thereto in Section 2(a).

Stated Percentage has the meaning specified in Section 2.01(b), subject to adjustment as provided in Section 2.01(c).

Examples of Stated Percentage in a sentence

• The MEP Guaranty Agreement shall have been amended to reduce ETP’s Stated Percentage from 50% to 25%.

• The Guarantor guarantees (to the extent of its Stated Percentage or any greater amount assumed in accordance with Section 2.02(b)) that the Guaranteed Obligations will be paid strictly in accordance with the terms of the Credit Agreement and the other Loan Documents.

• If the Offered Securities are being issued in connection with the issuance of any other securities, or incurrence of any debt, by the Company ("Other Securities or Debt"), the Purchasers shall be required to purchase their Stated Percentage of such Other Securities or Debt in order to exercise their Preemptive Rights.

• If the Offered Securities are being issued in connection with the issuance of any other securities, or incurrence of any debt, by the Company ("Other Securities or Debt"), each Principal Stockholder shall be required to purchase its Stated Percentage of such Other Securities or Debt in order to exercise its Preemptive Rights.

• The Warrants purchased by each Holder and the corresponding portion of the Stated Percentage represented thereby is set forth on Exhibit B attached hereto.

More Definitions of Stated Percentage

Stated Percentage as to any Guarantor, the meaning specified in the Guaranty executed by such Guarantor.

Stated Percentage for any Lender (a) with respect to any Loan made, or Letter of Credit issued, extended or increased at any time prior to any Conversion to Approving Lenders Funding Date, the ratio of such Lender's Maximum Credit Limit at the Borrowing Date for such Loan or Borrowing Date for such Letter of Credit's issuance, extension or increase to the aggregate amount of the Lenders' Maximum Credit Limits at such time, and (b) with respect to any Loan made or Letter of Credit issued, extended or increased on or after a Conversion to Approving Lenders Funding Date, (i) if such Lender is an Approving Lender, Approving Daylight Overdraft Lender or Approving Swing Line Lender, as the case may be, with respect to such Loan or Letter of Credit as of the Borrowing Date of such Loan or Borrowing Date for such Letter of Credit's issuance, extension or increase, the ratio of such Lender's Maximum Credit Limit at the Borrowing Date for such Loan or Borrowing Date for such Letter of Credit's issuance, extension or increase to the aggregate amount of the Lenders' Maximum Credit Limits at such time, and (ii) if such Lender is a Declining Lender as of the Borrowing Date of such Loan or Borrowing Date for such Letter of Credit's issuance, extension or increase, 0%, in each case, as may be adjusted pursuant to Section 4.18 in the event any Lender shall become a Defaulting Lender, provided that:

Stated Percentage means the Reduced Percentage resulting from such prior adjustment.

Stated Percentage means, for each Group on any date of determination, the ratio of such Group’s Group Limit to the aggregate Group Limits of all Groups.

Stated Percentage means, on any date, the sum of (a) 4% plus (b) the ----------------- ---- lesser of (x) 6% and (y) the aggregate of each Percentage Add-On in effect on ------ such date (if any) as computed below: If on such date (i) a Level I Trigger Event exists, the Percentage Add-On related thereto shall be 2%; (ii) a Level II Trigger Event exists, the Percentage Add-On related thereto shall be 6%; (iii) a Level III Trigger Event exists, the Percentage Add-On related thereto shall be 2%; (iv) a Level IV Trigger Event exits, the Percentage Add-On related thereto shall be 6%; (v) a Level V Trigger Event exists, the Percentage Add-On related thereto shall be 2%; and (vi) a Level VI Trigger Event exists, the Percentage Add-On related thereto shall be 6%.

Stated Percentage. Clause (a) of this definition shall be changed ----------------- ---------- to read "(a) 6% plus". ----

Stated Percentage means, on any date, the sum of (a) 4% PLUS (b) the LESSER of (x) 6% and (y) the aggregate of each Percentage Add-On in effect on such date as computed below: If on such date (i) a Level I Trigger Event exists, the Percentage Add-On related thereto shall be 2%; (ii) a Level II Trigger Event exists, the Percentage Add-On related thereto shall be 6%; (iii) a Level III Trigger Event exists, the Percentage Add-On related thereto shall be 2%; (iv) a Level IV Trigger Event exits, the Percentage Add-On related thereto shall be 6%; (v) a Level V Trigger Event exists, the Percentage Add-On related thereto shall be 2%; and (vi) a Level VI Trigger Event exists, the Percentage Add-On related thereto shall be 6%.