Applicable Trigger Amount definition
Applicable Trigger Amount means, with respect to any test of Availability hereunder by reference to the Applicable Trigger Amount at a specified Level, the following:
Applicable Trigger Amount means, with respect to any test of Availability hereunder by reference to the Applicable Trigger Amount at a specified Level, the following: I Greatest of: 10.0% of the Maximum Credit Amount $ 32,000,000 II Greatest of: 12.5% of the Maximum Credit Amount $ 40,000,000 III Greatest of: 15.0% of the Maximum Credit Amount $ 48,000,000 IV Greatest of: 17.5% of the Maximum Credit Amount $ 56,000,000 V Greatest of: 20.0% of the Maximum Credit Amount $ 64,000,000 “Approved Fund” has the meaning assigned to such term in Section 9.04.
Applicable Trigger Amount means, with respect to any test of Availability hereunder by reference to the Applicable Trigger Amount at a specified Level, the following: I Greater of: 8.0% of the Maximum Credit Amount $20,000,000 II Greater of: 10.0% of the Maximum Credit Amount $25,000,000 III Greater of: 12.5% of the Maximum Credit Amount $31,250,000 IV Greater of: 20.0% of the Maximum Credit Amount $50,000,000 “Approved Fund” has the meaning assigned to such term in Section 9.04.
Examples of Applicable Trigger Amount in a sentence
Notwithstanding anything to the contrary in the Credit Agreement, (a) as of the Agreement Effective Date through and including August 16, 2020, Aggregate Availability shall equal or exceed the Applicable Trigger Amount (Level II) at all times and (b) as of August 17, 2020 through and including September 15, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Availability shall equal or exceed the Applicable Trigger Amount (Level I) at all times.
More Definitions of Applicable Trigger Amount
Applicable Trigger Amount with respect to any test of Availability or Excess Cash Availability hereunder by reference to the Applicable Trigger Amount at a specified Level, the following: I Greater of: 10.0% of the Revolver Commitment $50,000,000 II Greater of: 15.0% of the Revolver Commitment $75,000,000
Applicable Trigger Amount means, with respect to any test of Availability hereunder by reference to the Applicable Trigger Amount at a specified Level, the following: I Greatest of: 10.0% of the Maximum Credit Amount 8.0% of the Aggregate Commitments $ 20,000,000 II Greatest of: 12.5% of the Maximum Credit Amount 9.5% of the Aggregate Commitments $ 23,800,000 III Greatest of: 15.0% of the Maximum Credit Amount 12.0% of the Aggregate Commitments $ 30,000,000 IV Greatest of: 20.0% of the Maximum Credit Amount 17.0% of the Aggregate Commitments $ 42,500,000 “Approved Fund” has the meaning assigned to such term in Section 9.04.
Applicable Trigger Amount means, with respect to any test of Availability hereunder by reference to the Applicable Trigger Amount at a specified Level, the following: I Greater of: 10.0% of the Maximum Credit Amount $ 20,000,000 II Greater of: 12.5% (or, solely with respect to Restricted Payments, 15.0%) of the Maximum Credit Amount $ 30,000,000 III Greater of: 12.5% of the Maximum Credit Amount $ 37,500,000 IV Greater of: 15.0% (or, solely with respect to Restricted Payments, 20.0%) of the Maximum Credit Amount $ 42,500,000 V Greater of: 15.0% of the Maximum Credit Amount $ 50,000,000 “Approved Fund” has the meaning assigned to such term in Section 9.04.
Applicable Trigger Amount with respect to any test of Availability or Excess Cash Availability hereunder by reference to the Applicable Trigger Amount at a specified Level, the following: I Greater of: 15.0% of the Revolver Commitment $ 75,000,000 II Greater of: 20.0% of the Revolver Commitment $ 100,000,000 “Approved Fund”: any Person (other than a natural Person) engaged in making, purchasing, holding or otherwise investing in commercial loans in its ordinary course of activities, and is administered or managed by a Lender, an entity that administers or manages a Lender, or an Affiliate of either.