Commitment Percentages definition
Commitment Percentages means, with respect to any Lender, such Lender’s Floor Plan Loan Commitment Percentage and Revolving Credit Commitment Percentage, and with respect to all Lenders, all of the Floor Plan Loan Commitment Percentages and all of the Revolving Credit Commitment Percentages.
Commitment Percentages means the Revolving Commitment Percentage, the Tranche A-1 Term Loan Commitment Percentage and/or the Tranche A-2 Term Loan Commitment Percentage, as context requires.
Commitment Percentages shall refer collectively, with respect to each Lender, to such Lender's Revolving Credit Commitment Percentage and/or Term Commitment Percentage, as applicable. Completed Revolving Credit Loan Request. A loan request accompanied by all information required to be supplied under the applicable provisions of §2.4.
Examples of Commitment Percentages in a sentence
Such Commitment Transfer Supplement shall be deemed to amend this Agreement to the extent, and only to the extent, necessary to reflect the addition of such Purchasing Lender and the resulting adjustment of the Commitment Percentages arising from the purchase by such Purchasing Lender of all or a portion of the rights and obligations of such transferor Lender under this Agreement and the Other Documents.
Such refundings shall be made by the Revolving Credit Lenders in accordance with their respective Revolving Credit Commitment Percentages and shall thereafter be reflected as Revolving Credit Loans of the Revolving Credit Lenders on the books and records of the Administrative Agent.
All such Continuations or Conversions of Loans shall be effected pro rata based on the Applicable Commitment Percentages of the Lenders.
Each borrowing of Revolving Loans and any reduction of the Revolving Commitments shall be made pro rata according to the respective Revolving Commitment Percentages of the Revolving Lenders.
Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages.
More Definitions of Commitment Percentages
Commitment Percentages means, with respect to each Bank, its percentage commitment of the Revolving Credit which shall be the percentage initially set forth opposite its name on the signature page hereto signed by such Bank, and thereafter as shown on the most recent Assignment and Assumption Agreement. The term "Ratable Share" shall mean the proportion that a Bank's Commitment Percentage of the Revolving Credit bears to the total Revolving Credit. The joint and several obligations of the Borrowers to repay the aggregate unpaid principal amount of the advances to the Borrowers under the Revolving Credit (each such advance under the Revolving Credit, a "Loan" and collectively the "Loans") by each Bank, together with interest thereon, shall be evidenced by one or more Revolving Credit Notes executed in favor of each Bank in the maximum amount of that Bank's Commitment Percentage of the Revolving Credit and substantially in the form of Exhibit "A" attached hereto and made a part hereof with appropriate insertions (each, a "Note" and collectively, the "Notes"). Notwithstanding the aggregate principal amount of the Notes as stated on the faces thereof in the amount of Forty-Five Million ($45,000,000) Dollars, the actual principal amount due from the Borrowers to each Bank on account of such Bank's Note, as of any date of computation, shall be the sum of all advances then and theretofore made on account thereof by such Bank less all payments of principal actually received by such Bank in collected funds during the same period all as shown on such Bank's Loan Account established pursuant to Section 2.8 hereof. Subject to the Limits sets forth in Section 2.2 below, during the Revolving Credit Period, the Borrowers may borrow, repay and reborrow funds under the Revolving Credit, provided, however, that at no time shall the aggregate unpaid principal balance outstanding under the Notes exceed Forty-Five Million ($45,000,000) Dollars less the sum of (x) the aggregate Stated Amounts of outstanding Letters of Credit and (y) the aggregate amount of unreimbursed Draws under the Letters of Credit. The amount of any borrowing and reborrowing under the Revolving Credit at the Base Rate Option shall be in the minimum aggregate principal amount of One Hundred Thousand ($100,000) Dollars or an integral multiple thereof. The amount of any borrowing or reborrowing under the Revolving Credit of the Euro-Rate Option shall be subject to the limitations set forth in Subsection 2.5(c) below. The Borrowers ...
Commitment Percentages means, with respect to any Lender, such Lender’s Floor Plan Loan Commitment Percentage, Revolving Credit Commitment Percentage, and Term Loan Commitment Percentage, and with respect to all Lenders, all of the Floor Plan Loan Commitment Percentages, all of the Revolving Credit Commitment Percentages, and all of the Term Loan Commitment Percentages.
Commitment Percentages the collective reference to the Revolving Commitment Percentages and the First Priority Term Percentages; individually, as to any Revolving Commitment Percentage or First Priority Term Percentage, a “Commitment Percentage”.
Commitment Percentages means the percentages in which the Lenders are severally bound to satisfy the Commitment (including, without limitation, each Offshore Currency Lender's Offshore Currency Commitment) to make Loans to the Borrowers as shall be in effect from time to time; such percentages as of the Agreement Date are as set forth on SCHEDULE 2 hereto.
Commitment Percentages means, as applicable, the Total Commitment Percentage, U.S. Commitment Percentage, U.K. Commitment Percentage and Canadian Commitment Percentage.
Commitment Percentages means, with respect to any Lender, such Lender’s NM Term Loan Commitment percentage and Roll-Up Loan Commitment percentage, and with respect
Commitment Percentages. Subject to adjustment as provided in §2.16, with respect to any Bank, its Domestic Commitment Percentage and/or Canadian Commitment Percentage and/or U.K. Commitment Percentage and/or PR Commitment Percentage, and (b) with respect to any Domestic Swing Line Lender, its Domestic Swing Line Commitment Percentage.