Agent Loans as defined in subsection 1.1.4 of the Agreement.
Agent Loans as defined in subsection 1.1.5 of the Agreement. Aggregate Percentage — with respect to each Lender, the percentage equal to the quotient of (i) such Lender’s Revolving Loan Commitment divided by (ii) the aggregate of all Revolving Loan Commitments.
Examples of Agent Loans in a sentence
If Agent Loans are made pursuant to the preceding sentence, then (a) the Borrowing Base shall be deemed increased by the amount of such permitted Agent Loans, but only for so long as Agent allows such Agent Loans to be outstanding, and (b) all Lenders that have committed to make Revolving Credit Loans shall be bound to make, or permit to remain outstanding, such Agent Loans based upon their Revolving Loan Percentages in accordance with the terms of this Agreement.
All Advances (other than Agent Loans and Agent Advances) shall be made by the Lenders simultaneously and in accordance with their Pro Rata Shares.
Such notice of a Settlement Date shall include a summary statement of the amount of outstanding Advances, Agent Loans, and Agent Advances for the period since the prior Settlement Date, the amount of repayments received in such period, and the amounts allocated to each Lender of the principal, interest, fees, and other charges for such period.
The Agent shall record on its books the principal amount of the Advances owing to each Lender, including the Agent Loans and Agent Advances owing to the Agent, and the interests therein of each Lender, from time to time.
With respect to the Agent Loans and Agent Advances, Foothill shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though it were not Agent, and the terms "Lender" and "Lenders" include Foothill in its individual capacity.
More Definitions of Agent Loans
Agent Loans as defined in subsection 1.1.5 of the Agreement. Aggregate Percentage – with respect to each Lender, the percentage equal to the quotient of (i) such Lender’s Loan Commitment divided by (ii) the aggregate of all Loan Commitments. Agreement – the Fifth Amended and Restated Loan and Security Agreement referred to in the first sentence of this Appendix A, all Exhibits and Schedules thereto and this Appendix A, as each of the same may be amended from time to time. ALTA Survey – a survey prepared in accordance with the standards adopted by the American Land Title Association and the American Congress on Surveying and Mapping in 1997, known as the “Minimum Standard Detail Requirements of Land Title Surveys”. The ALTA Survey shall be in sufficient form to satisfy the requirements of [Name of] Title Insurance Company to provide extended coverage over survey defects and shall also show the location of all easements, utilities, and covenants of record, dimensions of all improvements, encroachments from any adjoining property, and certify as to the location of any flood plain area affecting the subject real estate. The ALTA Survey shall contain the following certification: “To PW Eagle, Inc., Bank of America, N.A., as Agent, and _____________ Title Insurance Company. This is to certify that this map of plat and the survey on which it is based were made in accordance with the “Minimum Standard Detail Requirements for Land Title Surveys” jointly established and adopted by ALTA and ACSM in 1997. (signed (SEAL) License No. __________”. Applicable Margin – from the Closing Date to, but not including, the first Adjustment Date (as hereinafter defined) the percentages set forth below with respect to the Base Rate Portion, the LIBOR Portion, the L/C Fee and the Unused Line Fee: Base Rate Portion -.50 % LIBOR Portion 1.00 % L/C Fee 1.00 % Unused Line Fee .50 % The percentages set forth above will be adjusted on the first day of the month following delivery by Borrower to Agent of the financial statements required to be delivered pursuant to subsection 8.1.3 of the Agreement for each December 31, March 31, June 30 and September 30 during the Term, commencing with the month ending March 31, 2007 (each such date an “Adjustment Date”), effective prospectively, by reference to the applicable “Financial Measurement” (as defined below) for the four quarters most recently ending in accordance with the following: < 1.25 to 1 0.00 % 1.75 % 1.75 % 0.375 % > 1.25 to 1, but < 1.75 to 1 0....
Agent Loans as defined in subsection 1.1.4 of the ----------- Agreement. Aggregate Percentage - with respect to each Lender, the -------------------- percentage equal to the quotient of (i) such Lender's Loan Commitment divided by (ii) the aggregate of all Loan Commitments. ------- Agreement - the Loan and Security Agreement referred to in --------- the first sentence of this Appendix A, all Exhibits thereto and this Appendix A, as each of the same may be amended from time to time. Applicable Margin - the percentages set forth below with ----------------- respect to the Base Rate Revolving Portion, the Base Rate Term A Portion, the LIBOR Revolving Portion, the LIBOR Term A Portion and the Unused Line Fee: Base Rate Revolving Portion 0.75% Base Rate Term A Portion 1.00% LIBOR Revolving Portion 2.75% LIBOR Term A Portion 3.00% Assignment and Acceptance Agreement - an assignment and ----------------------------------- acceptance agreement in form and content reasonably acceptable to Agent pursuant to which a Lender assigns to another Lender all or any portion of any of such Lender's Revolving Loan Commitment, Term Loan A Commitment or Term Loan B Commitment and/or Loans, as permitted pursuant to the terms of this Agreement. Availability - the amount of additional money which ------------ Borrowers are entitled to borrow from time to time as Revolving Credit Loans, such amount being the difference derived when the sum of (i) the principal amount of Revolving Credit Loans then outstanding (including any amounts which Agent or any Revolving Credit and Term Loan A Lender may have paid for the account of any Borrower pursuant to any of the Loan Documents and which have not been reimbursed by Borrowers), (ii) the LC Amount, (iii) any reserves, and (iv) the aggregate amount of the trade payables of each Borrower and each Subsidiary that are outstanding more than thirty (30) days past the due date thereof, is subtracted from the Borrowing Base. If the amount outstanding is equal to or greater than the Borrowing Base, Availability is 0. Back Bay - Back Bay Capital Funding LLC. -------- Bank - Fleet National Bank. ---- Base Rate - the rate of interest announced or quoted by --------- Bank from time to time as its prime rate for commercial loans, whether or not such rate is the lowest rate charged by Bank to its most preferred borrowers; and, if such prime rate for commercial loans is discontinued by Bank as a standard, a comparable reference rate designated by Bank as a substitute...
Agent Loans as defined in subsection 1.1.4 of the Agreement. Aggregate Percentage - with respect to each Lender, the percentage equal to the quotient of (i) such Lender's Loan Commitment divided by (ii) the aggregate of all Loan Commitments. Agreement - the Loan and Security Agreement referred to in the first sentence of this Appendix A, all Exhibits and Schedules thereto and this Appendix A, as each of the same may be amended from time to time. Akron Lease - the Lease dated June 26, 2000 between Lockheed Martin Corporation and Imperial, with respect to certain property located in Akron, Ohio. Applicable Margin - from the Closing Date to, but not including, the first Adjustment Date (as hereinafter defined) the percentages set forth below with respect to the Base Rate Portion, the LIBOR Portion and the Unused Line Fee: Base Rate Portion 1.35% LIBOR Portion 2.85% Unused Line Fee 0.375% The percentages set forth above will be adjusted on the first day of the month following delivery by Borrowers to Agent of the financial statements required to be delivered pursuant to subsection 8.1.3(ii) of the Agreement for each December 31, March 31, June 30 and September 30 during the Term, commencing with the month ending December 31, 2002 (each such date an "Adjustment Date"), effective prospectively, by reference to the applicable "Financial Measurement" (as defined below) for the four quarters most recently ending in accordance with the following: Base Rate LIBOR Unused Financial Measurement Portion Portion Line Fee --------------------- --------- ------- -------- Less than 1.375 to 1.00 1.60% 3.10% 0.50% Greater than or equal to 1.375 to 1.00 and less than 1.875 to 1.00 1.35% 2.85% 0.375% Greater than or equal to 1.875 to 1.00 1.10% 2.60% 0.375% provided that, (i) if Borrowers' audited financial statements for any fiscal year delivered pursuant to subsection 8.1.3(i) of the Agreement reflect a Financial Measurement that yields a higher Applicable Margin than that yielded by the monthly financial statements previously delivered pursuant to subsection 8.1.3(ii) of the Agreement for the last month of such fiscal year, the Applicable Margin shall be
Agent Loans as defined in subsection 1.1.5 of the Agreement. Aggregate Percentage - with respect to each Lender, the percentage equal to the quotient of (i) such Lender's Loan Commitment divided by (ii) the aggregate of all Loan Commitments. Agreed Alternate Currency - as defined in Section 1.5 of the Agreement. Agreement - the Loan and Security Agreement referred to in the first sentence of this Appendix A, all Exhibits and Schedules thereto and this Appendix A, as each of the same may be amended from time to time. Apex - Apex Trailer Leasing & Rentals, L.P., a Delaware limited partnership. Apex Trailer Inventory - Inventory of Apex consisting of trailers subject to a lease to a third Person. Apex Trailer Leases - lease agreements whereby Apex has leased Apex Trailer Inventory to a third Person.
Agent Loans means IGF's loans to Agents that are evidenced by notes or loan agreements, to the extent that principal or interest due to Sellers in respect thereof is unpaid on the Closing Date; provided, however, that Agent Loans shall not include those loans that Purchaser, in its sole discretion, elects not to purchase on the Closing Date.
Agent Loans as defined in subsection 1.1.5 of the Agreement. Aggregate Percentage - with respect to each Lender, the percentage equal to the quotient of (i) such Lender's Loan Commitment divided by (ii) the aggregate of all Loan Commitments. Agreement - the Loan and Security Agreement referred to in the first sentence of this Appendix A, all Exhibits and Schedules thereto and this Appendix A, as each of the same may be amended from time to time. Applicable Margin - from the Closing Date to, but not including, the first Adjustment Date (as hereinafter defined) the percentages set forth below with respect to the Base Rate Revolving Portion, the Base Rate Term Portion, the LIBOR Revolving Portion, the LIBOR Term Portion and the Unused Line Fee: Base Rate Revolving Portion 1.25% Base Rate Term Portion 1.75% LIBOR Revolving Portion 2.75% LIBOR Term Portion 3.25% Unused Line Fee 0.500% The percentages set forth above will be adjusted on the first day of the month following delivery by Borrowers to Agent of the financial statements required to be delivered pursuant to subsection 8.1.3(ii) of the Agreement for each March 31, June 30, September 30 and December 31 during the Term, commencing with the financial statements required to be delivered for the month ending March 31, 2004 (each such date, an "Adjustment Date"), effective prospectively, by reference to the applicable "Financial Measurement" (as defined below) for the four quarters most recently ending in accordance with the following: For Adjustment Dates through and including September 30, 2004: Base Rate Base Rate LIBOR LIBOR Revolving Term Revolving Term Unused Financial Measurement Portion Portion Portion Portion Line Fee ---------------------------- ------- ------- ------- ------- -------- Less than 1.15 to 1.00 1.50% 2.00% 3.00% 3.50% 0.500% Greater than or equal to 1.25% 1.75% 2.75% 3.25% 0.500% 1.15 to 1.00 and less than 1.40 to 1.00 Greater than or equal to 1.00% 1.50% 2.50% 3.00% 0.375% 1.40 to 1.00 and less than 1.65 to 1.00 Greater than or equal to 0.75% 1.25% 2.25% 2.75% 0.375% 1.65 to 1.00 For Adjustment Dates on and after December 31, 2004: Base Rate LIBOR Revolving Base Rate Revolving LIBOR Unused Financial Measurement Portion Portion Portion Portion Line Fee --------------------------- ------- ------- ------- ------- -------- Less than 1.20 to 1.00 1.50% 2.00% 3.00% 3.50% 0.500% Greater than or equal to 1.25% 1.75% 2.75% 3.25% 0.500% 1.20 to 1.00 and less than 1.40 to 1.00 Greater than or equal to 1.00%...
Agent Loans as defined in subsection 1.1.7 of the Agreement. Agents – Canadian Agent, U.S. Agent and Administrative Agent, or any one or more of them, as the context requires. Aggregate Canadian Revolving Loan Commitment – Cdn. $15,000,000, as the same may be adjusted from time to time in accordance with subsection 1.1.3 or reduced from time to time in accordance with subsection 3.3.6.