Aggregate Sublimit definition

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).

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

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.

Examples of Aggregate Sublimit in a sentence

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.
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.
This insurance applies separately to each “insured” except with respect to the Aggregate Sublimit of Liability of $50,000 described under Section II, Conditions 1.c. – Sublimit of Liability for “Fungi,” Mold, Wet Or Dry Rot, or Bacteria Coverage.
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.
This insurance applies separately to each “insured” ex- cept with respect to the Aggregate Sublimit of Liability described in this endorsement under Section II – Condi- tions 1.
The Loan Agreement shall be amended by deleting each of (i) Section 2.1.1(b) (Revolving Advances — Streamline Period), (ii) Section 2.1.2 (Letters of Credit Sublimit), (iii) Section 2.1.3 (Foreign Exchange Sublimit), (iv) Section 2.1.4 (Cash Management Services Sublimit), and (v) Section 2.1.5 (Overall Aggregate Sublimit) in their entirety.
EDC hereby agrees that any cash collateral delivered by the Borrower as security for any LC Hedging Aggregate Obligations shall be first applied to repay any outstanding LC Hedging Aggregate Obligations in excess of LC Hedging Aggregate Sublimit.
The most "we" pay for "direct physical loss by or from inland flood" for any coverage subject to a sublimit in the SCHEDULE, arising from all "flood occurrences" during any one policy period is the Aggregate Sublimit Per Policy Period amount indicated in the SCHEDULE.
Promptly following the submission of the foregoing documents, the Administrative Agent shall inform the Lenders of the proposed designation and the proposed Aggregate Sublimit.
The Property Coverage Aggregate Sublimit Per Policy Period applies regardless of the number of "flood occurrences" during that policy period.

More Definitions of Aggregate Sublimit

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.

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).

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 (a) with respect to Marina