Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.
Minimum Equity Amount shall have the meaning provided in the preamble to this Agreement.
Minimum Equity Amount means the greater of (i) the sum of the Adjusted Borrowing Value of all Eligible Loans attributable to the three Obligors collectively comprising the largest aggregate Adjusted Borrowing Value included in the Borrowing Base and (ii) $50,000,000.
Examples of Minimum Equity Amount in a sentence
Prior to the initial Advance, the Administrative Agent shall have received evidence satisfactory to it that the Minimum Equity Amount has been contributed to the Borrower by the Equityholders.
To this end, the Tribunal considers that the Off-Take Agreement must be treated differently to the Talta Loan.
More Definitions of Minimum Equity Amount
Minimum Equity Amount means, at any time, the product of (a) 10% and (b) the Maximum Facility Amount.
Minimum Equity Amount means, on any date of determination, an amount equal to the greater of (a) the Aggregate Asset Value of the Eligible Collateral Assets of the four (4) largest Obligors (by Asset Value) and (b) $20,000,000.
Minimum Equity Amount. As of any date of determination, an amount equal to the product of (i) the Aggregate Outstanding Asset Balance multiplied by (ii) a percentage equal to 100% minus the Maximum Advance Rate.
Minimum Equity Amount. (i) Prior to the first date on which the Adjusted Borrowing Values of all Eligible Loans is greater than $165,000,000, $30,000,000; and (ii) on or after the first date on which the Adjusted Borrowing Values of all Eligible Loans is greater than $165,000,000, $45,000,000.
Minimum Equity Amount. As of any Measurement Date, the greater of (i) $25,000,000 and (ii) the aggregate amount of the Outstanding Balance of the five Eligible Loans having the largest Outstanding Balances as of such date (where multiple Eligible Loans related to the same Obligor shall be treated as a single exposure for purposes of calculating Outstanding Balances).
Minimum Equity Amount means, at any time, $25,000,000.
Minimum Equity Amount means, (i) at any time other than during a Ramp-Up Period, the greater of (a) $80,000,000 and (b) the sum of the Outstanding Loan Balances of all Eligible Loans owned by the Borrower and included as part of the Collateral (or, in relation to a proposed purchase of a Loan, proposed to be owned and included as part of the Collateral) which consist of obligations of any Obligor which, together with the Affiliates thereof, is an Obligor with the 1st, 2nd, 3rd, 4th or 5th largest percentage of the Aggregate Outstanding Loan Balance and (ii) at any time during a Ramp-Up Period, the sum of the Outstanding Loan Balances of all Eligible Loans owned by the Borrower and included as part of the Collateral (or, in relation to a proposed purchase of a Loan, proposed to be owned and included as part of the Collateral) which consist of obligations of any Obligor which, together with the Affiliates thereof, is an Obligor with the 1st, 2nd, 3rd and 4th largest percentage of the Aggregate Outstanding Loan Balance.