Maximum Amount of Revolving Credit. The term "Maximum Amount of Revolving Credit" means the lesser of (a) $300,000,000 or (b) the amount (in an integral multiple of $1,000,000 equal to or greater than $10,000,000) to which the then applicable amount set forth in clause (a) shall have been irrevocably reduced from time to time by notice from the Company to the Agent.
Maximum Amount of Revolving Credit. The term "MAXIMUM AMOUNT OF REVOLVING CREDIT" means, on any date, the lesser of (a) $75,000,000 or (b) the amount (in an integral multiple of $1,000,000) to which the then applicable amount shall have been irrevocably reduced from time to time by notice from the Company to the Agent.
Maximum Amount of Revolving Credit. The term "Maximum ---------------------------------- ------- Amount of Revolving Credit" means, on any date, the lesser of (a) (i) the -------------------------- amount specified opposite such date in the table below: Period Amount ------ ------ Prior to August 31, 2000.......... $75,000,000 August 31, 2000 through November 29, 2000................ $72,187,500 -27- November 30, 2000 through February 27, 2001................ $69,375,000 February 28, 2001 through May 30, 2001..................... $66,562,500 May 31, 2001 through August 30, 2001.................. $63,750,000 August 31, 2001 through November 29, 2001................ $60,000,000 November 30, 2001 through February 27, 2002................ $56,250,000 February 28, 2002 through May 30, 2002..................... $52,500,000 May 31, 2002 through August 30, 2002.................. $48,750,000 August 31, 2002 through November 29, 2002................ $45,000,000 November 30, 2002 through February 27, 2003................ $41,250,000 February 28, 2003 through May 30, 2003..................... $37,500,000 May 31, 2003 through August 30, 2003.................. $33,750,000 August 31, 2003 through November 29, 2003................ $30,000,000 November 30, 2003 through February 28, 2004................ $26,250,000 February 29, 2004 through May 30, 2004..................... $22,500,000 May 31, 2004 through -28- August 30, 2004.................. $18,750,000 August 31, 2004 through November 29, 2004................ $14,062,500 November 30, 2004 through February 27, 2005................ $ 9,375,000 February 28, 2005 through April 24, 2005................... $ 4,687,500 Final Maturity Date............... $ 0 minus (ii) Net Asset Sale Proceeds described in Section 4.2.3, Net Debt ----- Proceeds described in Section 4.2.4 and Net Equity Proceeds described in Section 4.2.5, in each case to the extent allocable to the Revolving Loan in accordance with Section 4.5.2, minus (iii) the amount of Consolidated ----- Excess Cash Flow described from time to time in Section 4.2.2 to the extent allocable to the Revolving Loan in accordance with Section 4.5.2, or (b) the amount (in an integral multiple of $1,000,000) to which the then applicable amount set forth in such table shall have been irrevocably reduced from time to time by notice from the U.S. Borrower to the Agent. The U.S. Borrower shall not give a notice reducing the amount applicable to any period in the table above unless it shall also reduce the amounts applicabl...
Maximum Amount of Revolving Credit. The term "Maximum Amount of Revolving Credit" means on any date specified in the table below the lesser of (a) (i) the amount specified opposite such period in such table: Period Amount ------ ------ Prior to May 28, 2001 $275,000,000 From May 28, 2001 through the Final Maturity Date $200,000,000 minus (ii) Net Asset Sale Proceeds to the extent (A) such Net Asset Sale Proceeds exceed both (1) $5,000,000 in any fiscal year and (2) $25,000,000 in the aggregate after the Initial Closing Date and (B) the amount of such excess in the foregoing clause (A) is not allocated to an effective Permitted Reinvestment Reserve Amount, minus (iii) the Acquired Merfin Debt Reserve Amount, minus (iv) an Equivalent Amount of United States Funds equal to Indebtedness of Merfin Europe Limited in Ireland (whether outstanding or committed) permitted by Section 6.6.16(b), computed as of the date the most recent advance of any such Indebtedness was made; or (b) the amount (in an integral multiple of $1,000,000) to which the then applicable amount set forth in such table shall have been irrevocably reduced from time to time by notice from the Company to the Agent. The Company shall not give a notice reducing the amount applicable to any period in the table above unless it shall also reduce the amounts applicable to all subsequent periods in such table to at least the same specified lower amount, so that the Maximum Amount of Revolving Credit for any subsequent period shall not exceed the reduced Maximum Amount of Revolving Credit applicable to any prior period.
Maximum Amount of Revolving Credit. The term "Maximum Amount of Revolving Credit" means (a) (i) $28,000,000 minus (ii) Net Asset Sale Proceeds described in Section 4.3.3 and Net Debt Proceeds described in Section 4.3.4, in each case to the extent allocable to the Revolving Loan in accordance with Section 4.6.2, or (b) the amount (in an integral multiple of $500,000) to which the then applicable amount set forth in clause (a)(i) above shall have been irrevocably reduced from time to time by notice from the Borrower to the Agent.
Maximum Amount of Revolving Credit. The term "Maximum Amount of Revolving Credit" means $25,000,000 minus Net Asset Sale Proceeds required to be prepaid pursuant to Section 4.5 hereof.
Maximum Amount of Revolving Credit. The term "Maximum Amount of Revolving Credit" means, on any date, the lesser of (a) $82,500,000 or such higher amount as may be established pursuant to the last sentence of this Section 2.1.2, up to $125,000,000, as equals the aggregate amount of Commitments then in effect, minus the aggregate of all Net Asset Sale Proceeds, Net Debt Proceeds or Net Equity Proceeds required to be prepaid in accordance with Section 4.1.2, or (b) the amount (in an integral multiple of $1,000,000) to which the then applicable amount shall have been irrevocably reduced from time to time by notice from the Company to the Agent. Unless a Default or Event of Default has occurred and is continuing, the Borrower may request that the Maximum Amount of Revolving Credit be increased, provided that the Maximum Amount of Revolving Credit shall not in any event exceed One Hundred Twenty-Five Million Dollars ($125,000,000) minus the aggregate of all required prepayments made pursuant to Section 4.1.2 and minus all amounts by which the Company shall have irrevocably reduced the Maximum Amount of Revolving Credit by notice to the Agent from time to time pursuant to clause (b) of the preceding sentence, provided, however, that (i) any Lender which is a party to this Agreement prior to such increase shall have the first option, and may elect, to fund its pro rata share of the increase, thereby increasing its Commitment hereunder, but no Lender shall have any obligation to do so, (ii) in the event that it becomes necessary to include a new Lender to provide additional funding under this 2.1.2, such new Lender must be reasonably acceptable to the Agent and the Borrower, and (iii) the Lenders' Percentage Interests shall be correspondingly adjusted, as necessary, to reflect any increase in the Maximum Amount of Revolving Credit and the Register shall be amended to reflect such adjustments.
Maximum Amount of Revolving Credit. The term "Maximum Amount of Revolving Credit" means, on any date specified in the table below, the lesser of (a) (i) the amount specified opposite such period in such table: Period Amount ------ ------ Prior to January 1, 1999 . . . . . . . . . . . . . . . $23,000,000 January 1, 1999 through March 30, 1999 . . . . . . . . . . . . . . . . . . . $22,425,000 March 31, 1999 through June 29, 1999 . . . . . . . . . . . . . . . . . . . $21,706,250 June 30, 1999 through September 29, 1999 . . . . . . . . . . . . . . . . . $20,987,500 September 30, 1999 through December 30, 1999 . . . . . . . . . . . . . . . . . $20,268,750 December 31, 1999 through March 30, 2000 . . . . . . . . . . . . . . . . . . . $19,550,000 March 31, 2000 through June 29, 2000 . . . . . . . . . . . . . . . . . . . $18,400,000 June 30, 2000 through September 29, 2000 . . . . . . . . . . . . . . . . . $17,250,000 September 30, 2000 through December 30, 2000 . . . . . . . . . . . . . . . . . $16,100,000 December 31, 2000 through March 30, 2001 . . . . . . . . . . . . . . . . . . . $14,950,000 March 31, 2001 through June 29, 2001 . . . . . . . . . . . . . . . . . . . $13,800,000 June 30, 2001 through September 29, 2001 . . . . . . . . . . . . . . . . . $12,650,000 September 30, 2001 through December 30, 2001 . . . . . . . . . . . . . . . . . $ 11,500,000 December 31, 2001 through March 30, 2002 . . . . . . . . . . . . . . . . . . . $10,350,000 March 31, 2002 through June 29, 2002 . . . . . . . . . . . . . . . . . . . $ 8,912,500 June 30, 2002 through September 29, 2002 . . . . . . . . . . . . . . . . . $ 7,475,000 September 30, 2002 through December 30, 2002 . . . . . . . . . . . . . . . . . $ 6,037,500 December 31, 2002 through March 30, 2003 . . . . . . . . . . . . . . . . . . . $ 4,600,000 March 31, 2003 through June 29, 2003 . . . . . . . . . . . . . . . . . . . $ 3,066,667 June 30, 2003 through September 29, 2003 . . . . . . . . . . . . . . . . . $ 1,533,333 Final Maturity Date . . . . . . . . . . . . . . . . . . - $ 0 - minus (ii) Net Asset Sale Proceeds described in Section 4.3.3 and allocated to the Revolving Loan under Section 4.6.2, Net Debt Proceeds described in Section 4.3.4 and allocated to the Revolving Loan under Section 4.6.2 and Net Equity Proceeds described in Section 4.3.5 and allocated to the Revolving Loan under Section 4.6.2, minus (iii) the portion of Consolidated Excess Cash Flow as described in Section 4.3.2 and -29- 37 allocated to the Revolving Loan under Section 4.6.2 ...
