Acquisition Loan Advance Limit definition

Acquisition Loan Advance Limit means, as of any Borrowing Date of an Acquisition Loan, for the Company and its Subsidiaries on a consolidated basis, calculated as of the last day of the most recently ended fiscal quarter for which an Availability Analysis has been delivered, an amount equal to the lesser of (i) the Total Acquisition Loan Commitment and (ii) the Acquisition Loan Borrowing Base, less, in each case, any applicable Reserve Commitment measured in Dollars.
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Acquisition Loan Advance Limit means, as of any Borrowing Date of an Acquisition Loan, an amount equal to the Total Acquisition Loan Commitment (not to exceed one-third of the Floor Plan Loan Commitment), less any applicable Reserve Commitment.
Sample 1
Acquisition Loan Advance Limit means as of any Borrowing Date of an Acquisition Loan, for the Company and its Subsidiaries on a consolidated basis, calculated as of the last day of the most recently ended fiscal quarter or year for which financial statements have been delivered under either Section 7.5 or 9.5, an amount equal to the lesser of (i) $110,000,000 MINUS the amount, if any, of any portion of the Acquisition Loan Commitment allocated to Floor Plan Borrowings or the Floor Plan Loan Commitment, or (ii) the sum of (y) the aggregate amount for all Qualifying Subsidiaries of two (2) times the difference between Pro Forma EBITDA of each such Qualifying Subsidiary MINUS Pro Forma Interest Expense of each such Qualifying Subsidiary PLUS (z) the lesser of (A) the aggregate amount for all Qualifying Ford Subsidiaries of two (2) times the difference between Pro Forma EBITDA of each such Qualifying Ford Subsidiary MINUS Pro Forma Interest Expense of each such Qualifying Ford Subsidiary, or (B) the amount derived under clause (x) of the definition of the Ford Borrower Liability Amount and such amount shall not include the Pro Forma EBITDA of any of the GM Borrowers. If the purpose of any Borrowing of an Acquisition Loan is to make a Permitted Acquisition, then the foregoing amounts shall be calculated to give effect to such Permitted Acquisition as if such Acquisition had been consummated on or before the last day of the fiscal quarter immediately preceding such Borrowing Date.
Sample 1

More Definitions of Acquisition Loan Advance Limit

Acquisition Loan Advance Limit means as of any Borrowing Date of an Acquisition Loan, for the Company and its Subsidiaries on a consolidated basis, calculated as of the last day of the most recently ended fiscal quarter or year for which financial statements have been delivered under either Section 7.5 or 9.5, an amount equal to the lesser of (i) 2.75 times the difference between Pro Forma EBITDA of the Floor Plan Subsidiaries minus Pro Forma Interest Expense of the Floor Plan Subsidiaries, or (ii) an amount equal to the greater of (y) 1.50 times the difference between Consolidated Pro Forma EBITDA minus Pro Forma Floor Plan Interest Expense or (z) 2.0 times the difference between Pro Forma EBITDA of the Floor Plan Subsidiaries minus Pro Forma Interest Expense of the Floor Plan Subsidiaries. If the purpose of any Borrowing of an Acquisition Loan is to make a Permitted Acquisition, then the foregoing amounts shall be calculated to give effect to such Permitted Acquisition as if such Acquisition had been consummated on or before the last day of the fiscal quarter immediately preceding such Borrowing Date.
Sample 1
Acquisition Loan Advance Limit means as of any Borrowing Date of an Acquisition Loan, for the Company and its Subsidiaries on a consolidated basis, calculated as of the last day of the most recently ended fiscal quarter or year for which financial statements have been delivered under either Section 7.5 or 9.5, an amount equal to the lesser of (i) $130,000,000 minus the amount, if any, of any portion of the Acquisition Loan Commitment allocated to Floor Plan Borrowings or the Floor Plan Loan Commitment, or (ii) the sum of (y) the aggregate amount for all Qualifying Subsidiaries of two (2) times the difference between Pro Forma EBITDA of each such Qualifying Subsidiary minus Pro Forma Interest Expense of each such Qualifying Subsidiary plus (z) the lesser of (A) the aggregate amount for all Qualifying Ford Subsidiaries of two (2) times the difference between Pro Forma EBITDA of each such Qualifying Ford Subsidiary minus Pro Forma Interest Expense of each such Qualifying Ford Subsidiary, or (B) the amount derived under clause (x) of the definition of the Ford Borrower Liability Amount and such amount shall not include the Pro Forma EBITDA of any of the GM Borrowers. If the purpose of any Borrowing of an Acquisition Loan is to make a Permitted Acquisition, then the foregoing amounts shall be calculated to give effect to such Permitted Acquisition as if such Acquisition had been consummated on or before the last day of the fiscal quarter immediately preceding such Borrowing Date.
Sample 1
Acquisition Loan Advance Limit means, as of any Borrowing Date of an Acquisition Loan, for the Company and its Subsidiaries on a consolidated basis, calculated as of the last day of the most recently ended fiscal quarter or year for which financial statements have been delivered under either Section 7.5 or Section 9.5, an amount equal to the lesser of (a) $200,000,000 minus (i) the amount of the Reserve Commitment and (ii) the amount of the Excess/Payments in Process Portion; and (b) the sum of (i) the aggregate amount for all Qualifying Subsidiaries of two (2) times the difference between Pro Forma EBITDA of each such Qualifying Subsidiary and Pro Forma Interest Expense of each such Qualifying Subsidiary plus (ii) the lesser of (y) the aggregate amount for all Qualifying Ford Subsidiaries of two (2) times the difference between Pro Forma EBITDA of each such Qualifying Ford Subsidiary and Pro Forma Interest Expense of each such Qualifying Ford Subsidiary or (z) the amount derived under clause (b)(ii) of the definition of the Ford Borrower Liability Amount. If the purpose of any Borrowing of an Acquisition Loan is to make a Permitted Acquisition, then the foregoing amounts shall be calculated to give effect to such Permitted Acquisition as if such Acquisition had been consummated on or before the last day of the fiscal quarter immediately preceding such Borrowing Date.
Sample 1

Related to Acquisition Loan Advance Limit

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $90,000,000, as such amount may be adjusted as permitted by this Agreement.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Total loan amount means the principal of the loan minus those

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

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

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Overadvance Loan means a Base Rate Loan made when an Overadvance exists or is caused by the funding thereof.

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Equipment Advance is defined in Section 2.1.1.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Tranche B Advance has the meaning specified in Section 2.01(b).