Aggregate Sublimit definition

Aggregate Sublimit means with respect to each Restricted Subsidiary which hereafter becomes a Borrower, such aggregate amount as shall be established in accordance with Section 2.9.

Aggregate Sublimit means, as of any applicable date of determination, that amount equal to thirty percent (30%) of Company's Consolidated Tangible Net Worth, determined as of the end of each fiscal quarter based upon the financial statements required to be delivered under Section 7.3(b) or 7.3(c) hereof, as the case may be, or (subject to the terms hereof) determined on a monthly basis at the request of the Company based on monthly financial statements to be delivered pursuant to Section 2.14(b) hereof, (and giving effect to any changes in net worth shown in the applicable financial statements on the required date of delivery thereof).

Aggregate Sublimit means (a) with respect to Marina $500,000,000, and (b) with respect to each other Subsidiary of Parent which hereafter becomes a Borrower, such aggregate amount as shall be established in accordance with Section 2.10.

Examples of Aggregate Sublimit in a sentence

• Notwithstanding anything to the contrary set forth herein, the principal liability of each Borrower hereafter designated under Section 2.9 for Loans, Swing Line Advances and Letters of Credit shall be limited to Loans and Letters of Credit made to that Borrower and Letters of Credit issued for the account of that Borrower under the Aggregate Sublimit of that Borrower.

• Unless the Requisite Lenders have objected in writing to the proposed designee or Aggregate Sublimit within ten Business Days following such notice from the Administrative Agent (which objection may be in the sole discretion of each Lender), the Administrative Agent shall notify the Borrowers that the appointment is accepted, whereupon the proposed new Borrower shall be a Borrower for all purposes of this Agreement, with the Aggregate Sublimit set forth in its Election to Become a Borrower.

• This Agreement may be irrevocably commuted by the Company on (i) December 31, 2008 or, (ii) in the event that after December 31, 1999 the Experience Balance exceeds the remaining Part A Aggregate Sublimit during the calendar year ("Effective Date of Commutation"), subject to ninety (90) days prior written notice to the Reinsurer.

• Notwithstanding anything to the contrary set forth herein, the principal liability of Marina and each Borrower hereafter designated under Section 2.6 for Loans shall be limited to Loans made to that Borrower under the Aggregate Sublimit of that Borrower.

• Promptly following the submission of the foregoing documents, the Administrative Agent shall inform the Lenders of the proposed designation and the proposed Aggregate Sublimit for that Borrower.

• Each of the Parent and the Borrowers hereby represent and warrant that, as of the effective date of this Amendment, no obligations are owed by Red River to the Lenders under its Aggregate Sublimit.

• The obligation of the Borrower to repay the aggregate unpaid principal amount of the Bid Loans made to it by each Bank, together with interest thereon, shall be evidenced by a Bid Note dated the Closing Date payable to the order of such Bank in a face amount equal to the Bid Loan Aggregate Sublimit.

• Notwithstanding anything to the contrary set forth herein, the principal liability of each Borrower hereafter designated under Section 2.6 for Loans shall be limited to Loans made to that Borrower under the Aggregate Sublimit of that Borrower.

• Promptly following the submission of the foregoing documents, the Administrative Agent shall inform the Lenders of the proposed designation and the proposed Aggregate Sublimit.

• Notwithstanding anything to the contrary set forth herein, the principal liability of Marina and each Borrower hereafter designated under Section 2.10 for Loans shall be limited to Loans made to that Borrower under the Aggregate Sublimit of that Borrower.

More Definitions of Aggregate Sublimit

Aggregate Sublimit means, as of any applicable date of determination, that amount equal to twenty percent (20%), of Company's Consolidated Tangible Net Worth, determined as of the end of each fiscal quarter based upon the financial statements required to be delivered under Section 7.3(b) or 7.3(c) hereof, as the case may be, or (subject to the terms hereof) determined on a monthly basis at the request of the Company based on monthly financial statements to be delivered pursuant to Sections 2.13(b) and 2.14(b) hereof, (and giving effect to any changes in net worth shown in the applicable financial statements on the required date of delivery thereof).

Aggregate Sublimit means (a) with respect to Marina

Aggregate Sublimit means with respect to any Subsidiary of Parent which hereafter becomes a Borrower, such aggregate amount as shall be established in accordance with Section 2.6.

Aggregate Sublimit means, as of any applicable date of determination, (a) from the effective date hereof until July 31, 1997, that amount equal to fifteen percent (15%), and (b) on and after August 1, 1997, that amount equal to twenty percent (20%), of Company's Consolidated Tangible Net Worth, determined as of the end of each fiscal quarter based upon the financial statements required to be delivered under Section 7.3(b) or 7.3(c) hereof, as the case may be, or (subject to the terms hereof) determined on a monthly basis at the request of the Company based on monthly financial statements to be delivered pursuant to Sections 2.13(b) and 3.14(b) hereof, (and giving effect to any changes in net worth shown in the applicable financial statements on the required date of delivery thereof).