Common use of Benefit Amount Defined Clause in Contracts

Benefit Amount Defined. For purposes of this Agreement, the "Benefit Amount" of any Contributor as of any date of determination shall be the net value of the benefits to such Contributor from extensions of credit made by the Lender to the Borrower under the Credit Agreement. Such benefits shall include benefits of funds constituting proceeds of Loans which are deposited into the account of the Borrower by the Lender which are in turn advanced or contributed by the Borrower to such Contributor (collectively, the "Benefits"). In the case of any proceeds of Loans or Benefits advanced or contributed to a Person (an "Owned Entity") any of the equity interests of which are owned directly or indirectly by a Contributor, the Benefit Amount of a Contributor with respect thereto shall be that portion of the net value of the benefits attributable to Loans or Benefits advanced or contributed to the Owned Entity equal to the direct or indirect percentage ownership of such Contributor in its Owned Entity.

Appears in 2 contracts

Samples: Agreement (Dove Entertainment Inc), Contribution Agreement (Dove Entertainment Inc)

AutoNDA by SimpleDocs

Benefit Amount Defined. For purposes of this Contribution Agreement, the "Benefit Amount" of any Contributor as of any date of determination shall be the net value of the benefits to such Contributor from the extensions of credit made by the Lender to Lenders and/or the Borrower Issuing Banks under the Credit Agreement. Such benefits shall include include, without limitation, benefits of funds constituting proceeds of Loans not made to such Contributor which are deposited into the account of the Borrower by the Lender which are have been in turn advanced or contributed by the Borrower to such Contributor (collectively, the "Benefits"). In the case of any proceeds of Loans or Benefits advanced or contributed to to, or received by, a Person (an "Owned Entity") Person, any of the equity interests of which are owned directly or indirectly by a ContributorContributor (an "Owned Equity"), the Benefit Amount of a such Contributor with respect thereto shall be the product of (i) that portion of the net value of the benefits attributable to Loans or Benefits advanced or contributed to to, or received by, the Owned Entity equal to times (ii) the direct or indirect percentage ownership of such Contributor in its Owned Entity.

Appears in 1 contract

Samples: Security Agreement (Reliant Resources Inc)

Benefit Amount Defined. For purposes of this Agreement, the "Benefit Amount" of any Contributor as of any date of determination shall be the net value of the benefits to such Contributor from extensions of credit made by the Lender Lenders and/or the Issuing Bank to the Borrower under the Credit Agreement. Such benefits shall include (without limitation) benefits of funds constituting proceeds of Loans which are deposited into the account accounts of the Borrower by the Lender Lenders which are in turn advanced or contributed by the Borrower to such Contributor (collectively, the "Benefits"). In the case of any proceeds of Loans or Benefits advanced or contributed to to, or received by, a Person (an "Owned Entity") Person, any of the equity interests of which are owned directly or indirectly by a ContributorContributor (an "Owned Entity"), the Benefit Amount of a such Contributor with respect thereto shall be that portion of the net value of the benefits attributable to Loans or Benefits advanced or contributed to the Owned Entity equal to the direct or indirect percentage ownership of such Contributor in its Owned Entity.

Appears in 1 contract

Samples: Guaranty and Pledge Agreement (Guilford Mills Inc)

Benefit Amount Defined. For purposes of this Agreement, the "Benefit AmountBENEFIT AMOUNT" of any Contributor as of any date of determination shall be the net value of the benefits to such Contributor from extensions of credit made by the Lender to the Borrower under the Credit Agreement. Such benefits shall include benefits of funds constituting proceeds of Loans which are deposited into the account of the Borrower by the Lender which are in turn advanced or contributed by the Borrower to such Contributor (collectively, the "BenefitsBENEFITS"). In the case of any proceeds of Loans or Benefits advanced or contributed to a Person (an "Owned EntityOWNED ENTITY") any of the equity interests of which are owned directly or indirectly by a Contributor, the Benefit Amount of a Contributor with respect thereto shall be that portion of the net value of the benefits attributable to Loans or Benefits advanced or contributed to the Owned Entity equal to the direct or indirect percentage ownership of such Contributor in its Owned Entity.

Appears in 1 contract

Samples: Guaranty Agreement (Newstar Media Inc)

AutoNDA by SimpleDocs

Benefit Amount Defined. For purposes of this Agreement, the "Benefit Amount" of any Contributor Guarantor as of any date of determination shall be the net value of the benefits to such Contributor Guarantor from extensions of credit made by the Lender to the Borrower under the Credit Loan Agreement. Such benefits shall include benefits of funds constituting proceeds of Loans which are deposited into the account of the advances made to Borrower by the Lender which are in turn advanced or contributed by the Borrower to such Contributor Guarantor or the proceeds of which are advanced or contributed or otherwise benefit, directly or indirectly, such Guarantor (collectively, the "Benefits"). In the case of any proceeds of Loans advances or Benefits advanced or contributed to a Person (an "Owned Entity") any of the equity interests of which are owned directly or indirectly by a ContributorGuarantor, the Benefit Amount of a Contributor Guarantor with respect thereto shall be that portion of the net value of the benefits attributable to Loans Advances or Benefits advanced or contributed to the Owned Entity equal to the direct or indirect percentage ownership of such Contributor Guarantor in its Owned Entity.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cross Timbers Oil Co)

Benefit Amount Defined. For purposes of this Agreement, the "Benefit Amount" of any Contributor as of any date of determination shall be the net value of the benefits to such Contributor from extensions of credit made by the Lender Lenders to the Borrower under the Credit Agreement. Such benefits (collectively, the "Benefits") shall include include, without limitation, benefits of funds constituting proceeds of Loans which are deposited into the account of the advanced to a Borrower by the Lender Lenders and which are in turn advanced or contributed by the Borrower to such Contributor (collectively, the "Benefits")Contributor. In the case of any proceeds of Loans or Benefits advanced or contributed to to, or received by, a Person (an "Owned Entity") any of the equity interests of which are owned directly or indirectly by a Contributor, the Benefit Amount of a such Contributor with respect thereto shall be that portion of the net value of the benefits attributable to such proceeds of Loans or Benefits advanced or contributed to the Owned Entity equal to the direct or indirect percentage ownership of such Contributor in its Owned Entity.

Appears in 1 contract

Samples: Pledge Agreement (Actava Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.