Average Lease Outstanding definition

Average Lease Outstanding means for the relevant year, the following figure:SOFR Year 5: 55,923,039 SOFR Year 6: 52,527,011 SOFR Year 7: 48,916,720 SOFR Year 8: 45,077,423 SOFR Year 9: 40,995,075 SOFR Year 10: 36,660,178 SOFR Year 11: 32,063,185 SOFR Year 12: 27,189,901 SOFR Year 13: 22,026,051 SOFR Year 14: 16,566,288 SOFR Year 15: 10,926,731
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Average Lease Outstanding means for the relevant year, the following figure:LIBOR Year 1: 73,529,040 LIBOR Year 2: 70,000,000 LIBOR Year 3: 65,510,129 LIBOR Year 4: 60,195,129 LIBOR Year 5: 55,923,039 LIBOR Year 6: 52,527,011 LIBOR Year 7: 48,916,720 LIBOR Year 8: 45,077,423 LIBOR Year 9: 40,995,075 LIBOR Year 10: 36,660,178 LIBOR Year 11: 32,063,185 LIBOR Year 12: 27,189,901 LIBOR Year 13: 22,026,051 LIBOR Year 14: 16,566,288 LIBOR Year 15: 10,926,731" 3.RELEASE OF EXISTING TC CHARTERER3.1The Owner shall release the Existing TC Charterer from its obligations under the Existing TC General Assignment.4.CONDITIONS PRECEDENT4.1The effectiveness of (i) the amendments to the Charter provided for in Section 2 of this Addendum and (ii) the release provided for in Section 3 of this Addendum, shall be subject to the condition that the Owners shall have received the following documents and evidence in all respects in form and substance satisfactory to it:
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Average Lease Outstanding means for the relevant year, the following figure:LIBOR Year 1: 73,529,040 LIBOR Year 2: 70,000,000 LIBOR Year 3: 66,390,000 LIBOR Year 4: 62,885,000 LIBOR Year 5: 59,380,000 LIBOR Year 6: 55,695,000 LIBOR Year 7: 51,825,000 LIBOR Year 8: 47,710,000 LIBOR Year 9: 43,335,000 LIBOR Year 10: 38,690,000 LIBOR Year 11: 33,764,260 LIBOR Year 12: 28,544,260 LIBOR Year 13: 23,015,000 LIBOR Year 14: 17,170,000 LIBOR Year 15: 11,130,000
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More Definitions of Average Lease Outstanding

Average Lease Outstanding means for the relevant year, the following figure:LIBOR Year 1: 73,529,040LIBOR Year 2: 70,000,000LIBOR Year 3: 66,390,000LIBOR Year 4: 62,885,000LIBOR Year 5: 59,380,000LIBOR Year 6: 55,695,000LIBOR Year 7: 51,825,000LIBOR Year 8: 47,710,000LIBOR Year 9: 43,335,000LIBOR Year 10: 38,690,000LIBOR Year 11: 33,764,260LIBOR Year 12: 28,544,260LIBOR Year 13: 23,015,000LIBOR Year 14: 17,170,000LIBOR Year 15: 11,130,000
Sample 1Sample 2
Average Lease Outstanding means for the relevant year, the following figure:LIBOR Year 1: 46,078,300 LIBOR Year 2: 43,924,571 LIBOR Year 3: 41,694,697 LIBOR Year 4: 39,392,273 LIBOR Year 5: 37,145,119 LIBOR Year 6: 34,844,155 LIBOR Year 7: 32,364,576 LIBOR Year 8: 29,810,770 LIBOR Year 9: 27,179,681 LIBOR Year 10: 24,460,741 LIBOR Year 11: 21,642,084 LIBOR Year 12: 18,719,261 LIBOR Year 13: 15,689,515 LIBOR Year 14: 12,536,782
Sample 1
Average Lease Outstanding means for the relevant year, the following figure:SOFR Year 7: 32,364,576 SOFR Year 8: 29,810,770 SOFR Year 9: 27,179,681 SOFR Year 10: 24,460,741 SOFR Year 11: 21,642,084 SOFR Year 12: 18,719,261 SOFR Year 13: 15,689,515 SOFR Year 14: 12,536,782
Sample 1
Average Lease Outstanding means for the relevant year, the following figure:SOFR Year 5: 36,220,000 SOFR Year 6: 33,265,000 SOFR Year 7: 30,265,000 SOFR Year 8: 27,100,000 SOFR Year 9: 23,940,000 SOFR Year 10: 20,665,000 SOFR Year 11: 17,125,000 SOFR Year 12: 13,385,000 SOFR Year 13: 9,235,000
Sample 1

Related to Average Lease Outstanding

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Aggregate Outstandings means, at a particular time, the sum of (a) the Aggregate Letters of Credit Outstandings at such time and (b) the aggregate outstanding principal amount of all Revolving Credit Loans at such time.

  • Total Outstanding Indebtedness means, at any time, the sum, without duplication, of (1) Consolidated Outstanding Indebtedness; (2) Borrower’s Share of UJV Combined Outstanding Indebtedness; and (3) Contingent Obligations.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Aggregate Outstanding Credit Exposure means, at any time, the aggregate of the Outstanding Credit Exposure of all the Lenders.

  • Total Outstandings means the aggregate Outstanding Amount of all Loans and all L/C Obligations.

  • Aggregate Revolving Exposure means, at any time, the aggregate Revolving Exposure of all the Lenders at such time.

  • Total Outstanding Amount means, at any date, the sum of the aggregate outstanding principal amount of all Loans plus the aggregate LC Exposures of all Lenders at such date.

  • Cumulative Outstanding Principal Amount means the aggregate principal amount of each series of Bonds issued and Outstanding from time to time in accordance with the provisions of this Ordinance, as reflected in the records maintained by the Registrar as provided in this Ordinance.

  • Total Revolving Outstandings means the aggregate Outstanding Amount of all Revolving Loans, all Swing Line Loans and all L/C Obligations.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Aggregate Outstanding Principal Amount means the sum of the Outstanding Principal Amounts with respect to all Series of Notes.

  • Net Xxxx-to-Market Exposure of a Person means, as of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from Rate Management Transactions. “Unrealized losses” means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).

  • Consolidated Outstanding Indebtedness means, as of any date of determination, without duplication, the sum of (a) all Indebtedness of the Consolidated Group outstanding at such date, determined on a consolidated basis in accordance with GAAP (whether recourse or non-recourse), plus, without duplication, (b) the applicable Consolidated Group Pro Rata Share of any Indebtedness of each Investment Affiliate other than Indebtedness of such Investment Affiliate to a member of the Consolidated Group.

  • Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Total Revolving Exposure means, as to any Revolving Lender at any time, the unused Commitments and Revolving Exposure of such Revolving Lender at such time.

  • Total Credit Exposure means, as to any Lender at any time, the unused Commitments and Revolving Credit Exposure of such Lender at such time.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Aggregate Revolving Credit Outstandings shall have the meaning provided in Section 5.2(b).

  • Total Revolving Credit Exposure means, as to any Revolving Credit Lender at any time, the unused Revolving Credit Commitments and the Revolving Credit Exposure of such Revolving Credit Lender at such time.

  • Swing Line Outstandings means, as of any date of determination, the aggregate principal amount of all Swing Line Loans then outstanding.

  • Total Revolving Credit Outstandings means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations.

  • Aggregate Outstanding Principal Balance means, as of any date of determination, the sum of the Outstanding Principal Balances of each Class of Notes outstanding on such date.