Designated Gross Amount definition
Designated Gross Amount means the amount notified by the Company to the Facility Agent upon the establishment of a Multi-account Overdraft as being the maximum amount of Gross Outstandings that will, at any time, be outstanding under that Multi-account Overdraft.
Designated Gross Amount has the meaning set forth in Section 2.26(b)(ii).
Designated Gross Amount has the meaning given to that term in Clause 9.2 (Availability).
Examples of Designated Gross Amount in a sentence
Following service of notice under Clause 27.2 (Acceleration), this Clause 32 shall apply to all receipts or recoveries by Ancillary Lenders except to the extent that the receipt or recovery represents a reduction from the Designated Gross Amount for an Ancillary Facility to its Designated Net Amount.
Outstanding under Sublimits (Foreign Exchange Reserve) $____________ 22.
More Definitions of Designated Gross Amount
Designated Gross Amount means, in relation to a Multi-account Overdraft Facility, that Multi-account Overdraft Facility’s maximum gross amount.
Designated Gross Amount shall have the meaning provided in Section 2.16(b)(ii)(A).
Designated Gross Amount means the amount notified by the Company to the Agent upon the establishment of a Multi-account Overdraft as being the maximum amount of Gross Outstandings that will, at any time, be outstanding under that Multi-account Overdraft.
Designated Gross Amount has the meaning given to such term in Clause 6.1(b) (Utilisation of Ancillary Facilities).
Designated Gross Amount has the meaning given to that term in Clause 11.2 (Availability).
Designated Gross Amount means, in relation to a Multi-account Overdraft Facility, that Multi-account Overdraft Facility's maximum gross amount.
Designated Gross Amount means, in relation to a Multi-account Overdraft, that Multi-account Overdraft’s “Designated Gross Amount” under and as defined in the Initial Revolving Facility Agreement or any Equivalent Provision of any other Credit Facility Agreement.