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.
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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.

  • 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.

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

Related to Current Assets Commitment Amount

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 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).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Commitment Amount means, as the context may require, the Revolving Loan Commitment Amount, the Letter of Credit Commitment Amount or the Swing Line Loan Commitment Amount.

  • Term Loan Commitment Amount means, as to any Lender, the term loan commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.2(c) (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 17.3(c) or (d), the term loan commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement), as the same may be adjusted upon any assignment by or to such Lender pursuant to Section 17.3(c) or (d).

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Aggregate Commitment Amount means the aggregate principal amount of the Aggregate Commitments from time to time. On the Closing Date, the Aggregate Commitment Amount equals $1,500,000,000.

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Available Commitment means a Lender’s Commitment minus:

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • 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.

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Revolving Commitment Fee has the meaning specified in Section 2.09(a).

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $50,000,000, as such amount may be reduced from time to time pursuant to this Agreement.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • 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.”

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Adjusted Total Revolving Credit Commitment means at any time the Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders.