CERTAIN DEFINITIONS AND TERMS Clause Samples
The 'Certain Definitions and Terms' clause establishes the specific meanings of key words and phrases used throughout the agreement. It typically lists and clarifies terms that may have specialized, technical, or context-specific interpretations, ensuring that all parties share a common understanding. By providing these definitions, the clause eliminates ambiguity and reduces the risk of disputes arising from differing interpretations of important terms.
CERTAIN DEFINITIONS AND TERMS. The following terms have the meanings indicated:
CERTAIN DEFINITIONS AND TERMS. As used herein, the following terms shall have the meanings herein indicated:
CERTAIN DEFINITIONS AND TERMS. All capitalized terms used herein and ----------------------------- not otherwise defined herein shall have the meanings set forth in the Credit Agreement.
CERTAIN DEFINITIONS AND TERMS. The following terms and definitions apply to this Agreement:
CERTAIN DEFINITIONS AND TERMS. Capitalized terms used herein and which are defined in the September Subscription Agreement shall, when used herein, have the meanings ascribed to them in the September Subscription Agreement. Further, for purposes hereof, the following terms have the meanings indicated:
CERTAIN DEFINITIONS AND TERMS. 1 SECTION 2.
CERTAIN DEFINITIONS AND TERMS used herein, the following terms ---------- ----------------------------- shall have the meanings herein indicated: Affiliate means any Person who (a) would be an "affiliate" of either --------- Borrower within the meaning of the regulations promulgated pursuant to the Securities Act of 1933, as such regulations and Act are amended and in effect on the date in question, if such Person were subject to such Act and regulations, or (b) owns any legal or beneficial interest in such Person (except holders of publicly traded shares of Parent), is a director or officer of any Credit Party, or is a relative of any of the Persons described in this clause (b). ---------- Agreement means this Amended and Restated Loan Agreement, including the --------- Schedules and Exhibits hereto, as the same may be in effect from time to time after giving effect to any amendments, supplements, increases, extensions, and renewals hereof.
CERTAIN DEFINITIONS AND TERMS. 1 SECTION 2. REVOLVING CREDIT FACILITY AND TERM LOAN FACILITY .................8 2.1. Revolving Credit Commitment.......................................8 2.2. Borrowing Procedure; Disbursement.................................9 2.3. Term Loan Commitment.............................................11 2.4. Note.............................................................12 2.5.
CERTAIN DEFINITIONS AND TERMS. 1 1.1 Definitions ...................................
CERTAIN DEFINITIONS AND TERMS is amended to delete the present definition of BASE VALUE and ELIGIBLE PARTS INVENTORY and to substitute the following: BASE VALUE means as follows: As it relates to the Loan as defined in Section 3, a sum not in excess of (a) seventy percent (70%) of the value of the Eligible Accounts plus (b) a sum not in excess of thirty percent (30%) of the value of the Eligible Parts Inventory plus, (c) a sum not in excess of eighty-five percent (85%) of the value of the Eligible New Equipment Inventory plus, (d) a sum not in excess of sixty-five percent (65%) of the value of the Eligible Used Equipment Inventory plus, (e) a sum not in excess of fifty-five percent (55%) of the value of the Eligible Sales Contract Receivables.