DOLLAR CAP definition

DOLLAR CAP means Five Million Dollars ($5,000,000.00).
Sample 1Sample 2
DOLLAR CAP means Two Million Dollars ($2,000,000.00).
Sample 1
DOLLAR CAP or (b) the sum of (i) eighty percent (80%) of the face amount of billed ELIGIBLE ACCOUNTS, plus (ii) thirty-five percent (35%) of the value (i.e., the lower of the BORROWERS' manufacturing costs and the lowest selling price) of the BORROWERS' INVENTORY, minus (iii) the principal balance outstanding under the TERM LOAN minus Five Hundred Thousand Dollars ($500,000.00). The amount of the DOLLAR CAP shall be reduced, from time to time, by the aggregate amount of "Equity Proceeds" (as hereafter defined) received by any BORROWER, each such reduction to occur five (5) calendar days after a BORROWER'S receipt of Equity Proceeds. As used herein, the term "Equity Proceeds" means an amount equal to (a) the net proceeds obtained by any BORROWER in connection with any sale or offering of any equity interest in any of the BORROWERS (excluding net proceeds obtained in the offering made, or to be made, in 1995 in connection with equity interests in Transderm Laboratories Corporation and net proceeds obtained by the exercise of any presently existing stock options for stock in Health-Chem Corporation), minus (b) the portion of such net proceeds which have been paid to the LENDER to prepay all or a portion of the TERM LOAN. The BORROWERS shall not request any advance under the LOAN which would cause the aggregate amount of advances made to or for the BORROWERS and outstanding under the LOAN DOCUMENTS to exceed the limitations as to the maximum amount of advances as herein set forth, or as set from time to time by the LENDER. In the event the principal amount outstanding under the LOAN ever exceeds the maximum amount which may be outstanding pursuant to the above limitations the BORROWERS shall immediately, upon demand of the LENDER, reduce the principal amount outstanding under the LOAN to an amount which does not exceed the above limitations. Any termination of the LOAN pursuant to the terms of this AGREEMENT, shall relieve the LENDER of the LENDER'S obligation to lend money or to make financial accommodations to or for the BORROWERS and the BORROWER'S account, and shall in no way release, terminate, discharge or excuse the BORROWERS from their absolute duty to pay and perform the obligations.
Sample 1

Examples of DOLLAR CAP in a sentence

  • MAXIMUM ALLOCATION % OF MAXIMUM ACCUMULATION VALUE PREMIUM % DOLLAR CAP ------------------ --------- ---------- Contract Limits [30%] [99.999%] [$9,999,999] THRESHOLDS ---------- Each Restricted Fund has one or more thresholds at which point no further amounts may be allocated to that division.

  • IN THE EVENT OF EITHER PARTY’S WILLFUL MISCONDUCT OR FRAUD, THERE SHALL BE NO DOLLAR CAP ON SUCH PARTY’S LIABILITY UNDER THIS AGREEMENT.

  • DOLLAR CAP The Dollar Cap is the dollar amount at which no further Accumulation Value may be added to Restricted Funds.

  • THE FOLLOWING EXCEPTIONS SHALL APPLY: (i) THE FOREGOING LIMITATION SHALL NOT APPLY TO ANY CLAIM FOR BREACH OF SECTION 6 ("CONFIDENTIAL INFORMATION"); (ii) COMPANY'S INDEMNITY OBLIGATION STATED IN SECTION 7.1 SHALL INCLUDE INDIRECT, SPECIAL, INCIDENTAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES SUBJECT TO THE DOLLAR CAP STATED IN SECTION 10; AND (iii) COMPANY'S LIABILITY FOR BREACH OF THE WARRANTY STATED IN SECTION 8.1.5 SHALL NOT BE SUBJECT TO THE LIMITATIONS OF THIS SECTION.

  • The term “MAXIMUM LOAN AMOUNT” means the lesser of the BORROWING BASE or the DOLLAR CAP.

  • For each calendar year or portion thereof during which the REVOLVING LOAN is in existence and has not been terminated, until the termination of the REVOLVING LOAN, the BORROWER shall pay to the LENDER a commitment fee of one-half of one percent (.5%) per annum on that sum obtained by subtracting the average daily disbursed principal balance of the REVOLVING LOAN during such calendar year or portion thereof from the DOLLAR CAP.

  • The findings can be applied to optimize the market of international luxury goods in Turkey.

  • CUMULATIVE VOLUME OF COMPLIANT PRODUCTS SOLD PERCENTAGE [*] DOLLAR CONTAINING CR16B OF ASP [*] DOLLAR CAP AMOUNT [*] [*]% $[*] $[*] [*] [*]% $[*] $[*] [*] [*]% $[*] $[*] [*] [*]% $[*] $[*] ------------------- [*] = Omitted pursuant to a confidential treatment request.

  • Notwithstanding anything herein to the contrary except Section 8.d. hereof, the dollar amount of Broad River's Profit Participation shall not exceed $2.5 million, such cap to be increased by $1.0 million for each additional full twelve-month period following November 30, 2001, that Broad River continues to render services to the Company under this Agreement (the "DOLLAR CAP").

  • On each annual anniversary of the date of CLOSING, while the LOAN is in existence and has not been terminated, until the termination of the LOAN, the BORROWER shall pay to the LENDER a facility fee of one-quarter of one percent (1/4%) of the DOLLAR CAP.


More Definitions of DOLLAR CAP

DOLLAR CAP means: (a) Three Million Dollars ($3,000,000.00) during the period between July 28, 2004 and November 1, 2004; and (b) Two Million Dollars ($2,000,000.00) at all other times; provided, however, if the BORROWER delivers to the LENDER evidence that all sums owed by the BORROWER to Dassault Systemes Corp. (“Dassault”) are repaid in full or delivers to the LENDER an agreement (in a form reasonably acceptable to LENDER) executed by Dassault pursuant to which Dassault agrees that the limit on the amount of the senior loan under the Subordination Agreement dated September 11, 2003 between Dassault and the LENDER is increased from Two Million Dollars ($2,000,000.00) to Three Million Dollars ($3,000,000.00), then the amount of the “DOLLAR CAP” shall be increased to Three Million Dollars ($3,000,000.00).
Sample 1
DOLLAR CAP means the sum of One Million Five Hundred Thousand Dollars ($1,500,000.00); provided that the DOLLAR CAP shall increase from One Million Five Hundred Thousand Dollars ($1,500,000.00) to Two Million Dollars ($2,000,000.00) after March 31, 2000, if the BORROWER'S financial statements for the quarter ending March 31, 2000 submitted pursuant to Section 5.12 demonstrates that the BORROWER'S EBITDA for the quarter ending March 31, 2000 was not less than One Hundred Thousand Dollars ($100,000.00). The DOLLAR CAP shall not increase until such time after March 31, 000 as the LENDER has received the quarterly financial statements of the BORROWER, together with any supporting statements and information, as required by the LENDER to verify that the BORROWER'S EBITDA for the quarter ending March 31, 2000 has not been less than One Hundred Thousand Dollars ($100,000.00), and the LENDER has confirmed in writing that the condition to the increase in the DOLLAR CAP has been satisfied.
Sample 1
DOLLAR CAP means the sum of One Million Five Hundred Thousand Dollars ($1,500,000.00).
Sample 1
DOLLAR CAP means: (a) Two Million Five Hundred Thousand Dollars ($2,500,000.00) during the period between November 15, 2003 and January 31, 2004, inclusive; and (b) Two Million Dollars ($2,000,000.00) at all other times.
Sample 1

Related to DOLLAR CAP

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

  • Dollar Commitment means, with respect to each Dollar Lender, the commitment of such Dollar Lender to make Loans denominated in Dollars hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Dollar Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The amount of each Lender’s Dollar Commitment as of the Effective Date is set forth on Schedule 1.01(b), or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Dollar Commitment, as applicable. The aggregate amount of the Lenders’ Dollar Commitments as of the Effective Date is $125,000,000.

  • Revolving Multicurrency Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Multicurrency Commitments.

  • 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.

  • Euro-Dollar Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Dollar LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Dollar Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements in respect of such Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The Dollar LC Exposure of any Lender at any time shall be its Applicable Dollar Percentage of the total Dollar LC Exposure at such time.

  • Euro-Dollar Reserve Percentage has the meaning set forth in Section 2.06(c).

  • Applicable Dollar Percentage means, with respect to any Dollar Lender, the percentage of the total Dollar Commitments represented by such Dollar Lender’s Dollar Commitment. If the Dollar Commitments have terminated or expired, the Applicable Dollar Percentages shall be determined based upon the Dollar Commitments most recently in effect, giving effect to any assignments.

  • Maximum Swingline Amount means $5,000,000.

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

  • Dollar Amount The dollar amount of the suspected error. • Description of problem: If you think there is an error on your bill, describe what you believe is wrong and why you believe it is a mistake. You must contact us: • Within 60 days after the error appeared on your statement. • At least 3 business days before an automated payment is scheduled, if you want to stop payment on the amount you think is wrong. You must notify us of any potential errors in writing. You may call us, but if you do we are not required to investigate any potential errors and you may have to pay the amount in question.

  • Specified Dollar Amount means the maximum cash amount per $1,000 principal amount of Notes to be received upon conversion as specified in the Settlement Notice (or deemed specified as provided in Section 14.02(a)(iii)) related to any converted Notes.

  • U.S. Revolving Credit Exposure means, with respect to any Lender at any time, the sum of such Lender’s outstanding U.S. Revolving Loans and its U.S. L/C Exposure and U.S. Swingline Exposure at such time.

  • Euro-Dollar Reference Banks means the principal London offices of Xxxxxx Guaranty Trust Company of New York, Bank of America, N.A., The Bank of New York, The Bank of Nova Scotia and Citicorp USA, Inc.

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

  • Applicable Multicurrency Percentage means, with respect to any Multicurrency Lender, the percentage of the total Multicurrency Commitments represented by such Multicurrency Lender’s Multicurrency Commitment. If the Multicurrency Commitments have terminated or expired, the Applicable Multicurrency Percentages shall be determined based upon the Multicurrency Commitments most recently in effect, giving effect to any assignments.

  • Revolving L/C Exposure of any Class shall mean at any time the sum of (a) the aggregate undrawn amount of all Letters of Credit applicable to such Class outstanding at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof) and (b) the aggregate principal amount of all L/C Disbursements applicable to such Class that have not yet been reimbursed at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof). The Revolving L/C Exposure of any Class of any Revolving Facility Lender at any time shall mean its applicable Revolving Facility Percentage of the aggregate Revolving L/C Exposure applicable to such Class at such time. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the International Standby Practices, International Chamber of Commerce No. 590, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, that with respect to any Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.

  • Euro-Dollar Rate means a rate of interest determined pursuant to Section 2.07(b) on the basis of a London Interbank Offered Rate.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Revolving Outstandings means, at any time, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans, plus (b) the Stated Amount of all Letters of Credit.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Revolving Credit Percentage as to any Revolving Credit Lender at any time, the percentage which such Lender's Revolving Credit Commitment then constitutes of the Total Revolving Credit Commitments (or, at any time after the Revolving Credit Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender's Revolving Credit Loans then outstanding constitutes of the aggregate principal amount of the Revolving Credit Loans then outstanding).

  • Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Loans and its LC Exposure at such time.

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