Accounts Sublimit definition

Accounts Sublimit means the amount set forth in Section 1(c) of Schedule A.
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Accounts Sublimit means, at any time, the amount equal to $25,000,000, as reduced by any reduction thereof pursuant to Section 2.1(c) hereof.
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Accounts Sublimit means the amount set forth in Section 1(c) of Schedule A. “Advance Rates” means, collectively, the Accounts Advance Rate and the Inventory Advance Rate. “Affiliate” means, with respect to any Person, any other Person in control of, controlled by, or under common control with the first Person, and any other Person who has a substantial interest, direct or indirect, in the first Person or any of its Affiliates, including, any officer or director of the first Person or any of its Affiliates; provided, however, that neither Lender nor any of its Affiliates shall be deemed an “Affiliate” of any Borrower for any purposes of this Agreement. For the purpose of this definition, a “substantial interest” shall mean the direct or indirect legal or beneficial ownership of more than ten (10%) percent of any class of equity or similar interest. “Agreement” and “this Agreement” have the meanings set forth in the heading to this Agreement. “Applicable Margin” means, as of any date of determination, the Applicable Margin set forth in the following table that corresponds to the Monthly Average Outstanding for the most recently completed month: Tier Monthly Average Outstanding Applicable Margins for Base Rate Loans Applicable Margins for Term SOFR Loans 1 Less than or equal to $15,000,000 2.50% 3.50% 2 Greater than $15,000,000 and less than or equal to $25,000,000 3.00% 4.00% 3 Greater than $25,000,000 4.50% 5.50% provided, that, (a) the Applicable Margin shall be calculated and established once each calendar month and shall remain in effect until adjusted for the next calendar month, (b) each adjustment of the Applicable Margin shall be effective as of the first day of each such calendar month based on the Monthly Average Outstanding for the immediately preceding calendar month, and (c) notwithstanding
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Examples of Accounts Sublimit in a sentence

  • The aggregate principal amount of all Account Advances with respect to Eligible 91-150 Day Aged Accounts outstanding at any time may not exceed the Eligible 91-150 Day Aged Accounts Sublimit.


More Definitions of Accounts Sublimit

Accounts Sublimit means the amount set forth in Section 1(d) of Schedule A.
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Related to Accounts Sublimit

  • L/C Sublimit has the meaning ascribed to it in Annex B.

  • Sublimit means the aggregate amount of Warehousing Advances (expressed as a dollar amount or as a percentage of the Warehousing Commitment Amount) that is permitted to be outstanding at any one time against a specific type of Eligible Loan.

  • Inventory Sublimit means the amount(s) set forth in Section 1(d) of Schedule A.

  • Swingline Sublimit means an amount equal to the lesser of (a) $5,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

  • LC Sublimit means $500,000,000.

  • Swing Line Sublimit means an amount equal to the lesser of (a) $10,000,000 and (b) the Aggregate Revolving Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Issuing Bank Sublimit means, as of the Effective Date, (i) $2,500,000, in the case of Chase and (ii) in the case of any other Issuing Bank, such amount as shall be designated to the Administrative Agent and the Borrower in writing by such Issuing Bank; provided that any Issuing Bank shall be permitted at any time to increase or reduce its Issuing Bank Sublimit upon providing five (5) days’ prior written notice thereof to the Administrative Agent and the Borrower.

  • Letter of Credit Sublimit means an amount equal to the lesser of (a) the Aggregate Revolving Commitments and (b) $50,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Foreign Currency Sublimit means $100,000,000.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Revolving Commitments and $200,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Aggregate Credit Exposure means, at any time, the aggregate Credit Exposure of all the Lenders at such time.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

  • Total Revolving Credit Outstandings means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations.

  • Letter of Credit Usage means, as of any date of determination, the aggregate undrawn amount of all outstanding Letters of Credit.

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.