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.
The Agent member shall service each Agent Loan made by such Agent member and promptly remit all payments received by the Agent member on such Agent Loan or the proceeds from the disposition of collateral, in the event of a default on the Agent Loan to the Agent Group Representative who shall serve as master servicer (‘‘Master Servicer’’) of such Agent Loans for the Facility.
There will also be education outreach workshops to communicate the benefits of DC fast charging and PEV readiness to PEV drivers and customers at these grocery stores.
U.S. Central hereby assigns to the CLF, without recourse to U.S. Central, all outstanding Agent Loans with an aggregate principal 1 The Board understands that, in anticipation of these changes, USC, as CLF’s Agent Representative, has already executed a new CLF Agent Representative Assignment and Servicing Agreement (Agreement) with each corporate.
Unless otherwise directed by the Facility, the Master Servicer shall automatically, upon receipt, deposit all payments received by the Master Servicer pertaining to Agent Loans to the Facility’s S019 account at U.S. Central.
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: Financial Measurement Base Rate Portion LIBOR Portion L/C Fee Unused Lin...
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 and the Term Loan: ------------------------------------------------- Base Rate Revolving Portion 1.00% ------------------------------------------------- LIBOR Revolving Portion 2.75% ------------------------------------------------- Term Loan 9.00% ------------------------------------------------- Assignment and Acceptance Agreement - an assignment and ----------------------------------- acceptance agreement in the form attached hereto as Exhibit 11.9 pursuant to ------------ which a Lender assigns to another Person all or any portion of any of such Lender's Revolving Loan Commitment, the Term Loan 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 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 (other than the Specified Reserve), 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 not rescheduled or subject to payment compromise, is subtracted from the lesser of (a) Borrowing Base minus the Specified Reserve or (b) the aggregate amount of Revolving Loan Commitments then in effect. If the amount outstanding is equal to or greater than the lesser of (a) Borrowing Base or (b) the aggregate amount of Revolving Loan Commitments then in effect, Availability is 0. Bank - Bank of America, N.A. ---- Bankruptcy Code - the United States Bankruptcy Code of --------------- 1986,...
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 Seventh Amended and Restated 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 - 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 Loan, the Base Rate Incremental Last Out Loan, the LIBOR Revolving Loan and the LIBOR Incremental Last Out Loan: Base Rate Revolving Loan 0.50% Base Rate Incremental Last Out Loan 3.25% LIBOR Revolving Loan 2.25% LIBOR Incremental Last Out Loan 5.00% The percentages set forth above for Revolving Credit Loans will be adjusted on the fifteenth day of the month following the most recently ended fiscal quarter during the Term (provided such Applicable Margin shall be deemed adjusted effective on the first day of such month), commencing with the month ending June 30, 2005 (each such date an "Adjustment Date"), effective prospectively, by reference to the applicable "Financial Measurement" (as defined below) for the quarter most recently ending in accordance with the following: Base Rate Revolving LIBOR Revolving Availability Loan Loan ------------ ---- ---- < or = $75,000,000 0.75% 2.50% < $75,000,000, but < or = $150,000,000 0.50% 2.25% > $150,000,000, but < or = $200,000,000 0.25% 2.00% > $200,000,000 0.00% 1.75% provided that, (i) if an Event of Default has occurred and has not been cured or waived, the interest rate shall automatically adjust to the highest interest rate set forth above, effective immediately upon the occurrence of such Event of Default until such Event of Default has been cured or waived. For purposes hereof, "Financial Measurement" shall mean the Borrowers' Availability calculated by Agent based on the average Availability for each Business Day during the most recently ended fiscal quarter. Appraisal - an appraisal delivered by Borrower Representative to Agent within 60 days after October 31st and April 30th of each year setting forth the Net Orderly Liquidation Value of Inventory of each Borrower, in form and substance and prepared by an independent appraiser, acceptable to Agent. Approved Seller Subordinate...
Agent Loans. Agent Swing Line", "Commitment Step-down Date", "Revolving Loans", "Tangible Assets" and "Tangible Assets to Senior Debt Plus Current Liabilities Ratio" are hereby deleted in their entirety. Any reference in the Agreement to "Revolving Loan" or "Revolving Loans" shall hereafter be deemed to refer to "Loan" or "Loans".