Current Assets Commitment Amount definition

Current Assets Commitment Amount means, with respect to any Current Assets Election, the lesser of (A) an amount equal to the Maximum Availability at the time of such election and (B) the Specified Current Assets Commitment Amount.
Sample 1Sample 2Sample 3
Current Assets Commitment Amount has the meaning given to such term in the Fourth Amendment dated as of October 31, 2004 (“Fourth Amendment”) to the Credit Agreement dated as of February 25, 2003, among Lithia Motors, Inc., various financial institutions and Daimler Chrysler Services North America, LLC, as agent (“LMI Credit Agreement”).
Sample 1
Current Assets Commitment Amount means, with respect to any Current Assets Election, the lesser of (a) (i) the Maximum Amount minus the sum of the then outstanding principal balance of the Revolving Loans, Swingline. Loans, and LC Outstandings or (ii) if less, the maximum aggregate principal balance of the Revolving Loans, Swingline Loans, and LC Outstandings permitted to be outstanding at any time in accordance with Section 5.18, minus the sum of the then outstanding principal balance of the Revolving Loans, Swingline Loans, and LC Outstandings; or (b) the Specified Current Assets Commitment Amount.
Sample 1

Examples of Current Assets Commitment Amount in a sentence

  • The Company hereby elects [not] to include a Current Assets Commitment Amount [of $ ] in the applicable financial ratios and/or financial restrictions set forth on Schedule 1 attached hereto.

  • The Company herby elects [not] to include a Current Assets Commitment Amount [of $ ] in the applicable financial ratios and covenants set forth below.

  • Total Current Liabilities (if the Expiration Date is within one year, including any Current Assets Commitment Amount specified above)(1) $ __________________ 1 Excludes any portion of Senior Subordinated Notes, which is not due and payable.

  • The Company hereby elects [not] to include a Current Assets Commitment Amount [of $__________] in the applicable financial ratios and/or financial restrictions set forth on Schedule 1 attached hereto.

Related to Current Assets Commitment Amount

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Available Commitment means a Lender’s Commitment minus:

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • 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.

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”