Formula Amount. Section 2.1 of the Loan Agreement shall be amended by amending and restating Section 2.1(a)(iv) as follows:
Formula Amount. The aggregate amount of Revolving Advances (including Swing Loans) shall not exceed the lesser of (i) the Formula Amount and (ii) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit; and
Formula Amount. Subject to the terms and conditions set forth herein and in the Ancillary Agreements, each Lender, severally and not jointly, shall make Revolving Credit Advances to Borrower from time to time during the Term which, in aggregate amounts outstanding at any time equal such Lender's U.S. Commitment Percentage of (but not exceeding such Lender's U.S. Commitment) the lesser of (x) the Maximum Loan Amount less the aggregate amount of outstanding Letters of Credit and unreimbursed drawings under Letters of Credit or (y) an amount equal to the sum of:
Formula Amount. (A) The Borrower shall not request any Loan hereunder, which after giving effect to the making of such Loan, would cause at any time the aggregate principal amount outstanding under the Note to exceed the lesser of the Commitment or the Formula Amount, (B) the Borrower shall not purchase any F/X Commitment such that the principal amount of F/X Commitments outstanding at any one time shall exceed the Maximum F/X Commitment.
Formula Amount. (1) The definition of “Formula Amount” set forth in Section 1.1 of the Intercreditor Agreement is deleted in its entirety and (2) each reference in the Intercreditor Agreement to “Formula Amount” is amended to mean, and each such reference is deemed to mean, “Borrowing Base”.
Formula Amount. Effective as of the date hereof, Clause (y) of Section 2.1(a) of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
Formula Amount. The Agent shall have received evidence from Borrower that the aggregate amount of Eligible Receivables, Eligible Inventory, Eligible Equipment and Small Fixed-Wing and Rotary Wing Aircraft is sufficient in value and amount to support Advances in the amount requested by Borrower on the Closing Date;
Formula Amount. Agent shall have received evidence from Borrower that the aggregate amount of Eligible Receivables, Seasonal Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower on the Closing Date;
Formula Amount. The Borrower shall not request the making of any Revolving Loan or issuance of any Letter of Credit hereunder, which after giving effect to the making of such Revolving Loan or issuance of such Letter of Credit, would cause at any time the outstanding aggregate principal amount of the Revolving Loans plus the face amount of all outstanding Letters of Credit, to exceed the Available Revolving Commitment; neither shall the Borrower permit at any time the outstanding aggregate principal amount of the Revolving Loans plus the face amount of all outstanding Letters of Credit to exceed the Available Revolving Commitment.
Formula Amount. Scottish (Dublin) fails to maintain in Reinsurance Trust Account A an amount at least equal to the sum of the Formula Amount (as defined in the Coinsurance Agreement) in accordance with the applicable provisions of the Coinsurance Agreement.
