Acquisition Limit definition

Acquisition Limit means, initially $35,000,000 and, if as of the end of any Fiscal Quarter ending after the date hereof, EBITDA for the twelve-month period then ended exceeds $40,000,000 (“Limit Increase Event”), $40,000,000; provided, that if at the end of any Fiscal Quarter ending after a Limit Increase Event has occurred, EBITDA for the twelve-month period then ended is less than $40,000,000, the Acquisition Limit shall reduce until the occurrence of a subsequent Limit Increase Event to the greater of (x) the lesser of $40,000,000 and the Acquisition Consideration incurred prior to such date and (y) $35,000,000.
Sample 1
Acquisition Limit means the lesser of (a) $30,000,000 or (b) the aggregate EBITDA for the immediately preceding twelve month period.
Sample 1
Acquisition Limit has the meaning given to such term in Section 8.4.
Sample 1

Examples of Acquisition Limit in a sentence

  • The definitions of "Level II Acquisition" and Level II Acquisition Limit" are deleted.

  • Acquisition Limit Pursuant to the Plan, the Trust may be invested in Sponsor Stock to the extent necessary to comply with investment directions under the Trust Agreement and the Master Services Agreement.

  • After giving effect to such sale and assignment (and any other sales and assignments by the Assignor which are effective concurrently), the Assignee will be a Related Bank for [Name of Conduit] and the Committed Acquisition Limit of the Assignor and the Assignee and the amount of the Investment held by the Assignor and the Assignee will be as set forth in Section 2 of the signature page hereto.

  • Land Acquisition Limit and No Acquisition of Farmland.............................................

  • Land Acquisition Limit and No Acquisition of Farmland............14 Section 2.10.

  • Land Acquisition Limit and No Acquisition of Farmland Section 2.10.

  • The Borrower has requested that the Banks consent to each of the Proposed Acquisitions as Permitted Acquisitions, and, to the extent any Proposed Acquisition exceeds the Aggregate Acquisition Limit, waive the Aggregate Acquisition Limit to permit such Proposed Acquisition.


More Definitions of Acquisition Limit

Acquisition Limit contained in Annex A of the Credit Agreement shall be amended and restated to read as follows:
Sample 1
Acquisition Limit means $15,000,000.
Sample 1
Acquisition Limit means, with respect to any merger, consolidation, asset acquisition or stock acquisition (other than any acquisition of assets in the ordinary course of business and consistent with past practice) in any single transaction or series of related transactions and to any and all consideration paid or otherwise conveyed (and, with respect to any obligations and/or liabilities, assumed), or committed to be paid, otherwise conveyed, or assumed by the Company or any of its Subsidiaries (whether in the form of cash, Indebtedness, Property, or otherwise) (i) during the period from the Closing Date through September 30, 2004, $10,000,000 and (ii) during the period from October 1, 2004 and thereafter, $15,000,000.
Sample 1

Related to Acquisition Limit

  • Sub-Limit means a cost sharing requirement under a health insurance policy in which an Insurer would not be liable to pay any amount in excess of the pre-defined limit.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Concentration Limit means at any time for any Obligor, the product of (i) such Obligor’s Specified Concentration Percentage, times (ii) the aggregate Unpaid Balance of the Eligible Receivables included in the Receivables Pool at the time of determination.

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Unfunded Exposure Equity Amount On any date of determination, an amount equal to the sum, for each Loan, of (a) the Unfunded Exposure Amount for such Loan minus (b) the product of (i) the Unfunded Exposure Amount for such Loan, (ii) the Advance Rate for such Loan and (iii) the Assigned Value of such Loan.

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • Obligor Concentration Limit At any time, in relation to the aggregate Unpaid Balance of Receivables owed by any single Obligor and its Affiliated obligors (if any):

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • Restricted Amount has the meaning set forth in Section 2.11(b)(iv).

  • Permitted Amount means, on any date, an amount equal to 3.5 times Adjusted EBITDA as of the most recent fiscal quarter for which financial statements of the Company are internally available immediately preceding such date.

  • Closing Date Term Loan Commitment means the commitment of each Lender to make Term Loans on the Closing Date hereunder in an aggregate principal amount not to exceed the amount set forth under the heading “Closing Date Term Loan Commitment” opposite its name in Schedule 2.01 hereto. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $1,150,000,000.

  • 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.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $50,000,000, as such amount may be reduced from time to time pursuant to this Agreement.

  • 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.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $50,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Maximum Credit means, at any time, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time.

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Concentration Limits means, as of any date of determination prior to (x) the Commitment Termination Date with respect to all items below and (y) the Final Maturity Date with respect to the concentration limit set forth in clause (c) below, for purposes of determining the Excess Concentration Amount and the Borrowing Base, the concentration limitations set forth below: