Dollar Excess definition

Dollar Excess means the amount specified in the Schedule that You shall first contribute towards each claim, arising out of the one occurrence.
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Examples of Dollar Excess in a sentence

  • Any installment payment under the Buyer’s Note and/or the One Million Dollar Excess Inventory Note, which shall come due prior to the resolution of such dispute, shall be paid by Buyer and deposited in an escrow account pursuant to an escrow agreement (the “Escrow Agreement”), substantially in the form of Exhibit 46 attached hereto for application consistent with the terms thereof.

  • Any reduction in the principal amount of the Buyer’s Note and/or the One Million Dollar Excess Inventory Note resulting from the recoupment or setoff to which either Sellers or Buyer is entitled under this Agreement shall be applied to reduce the next installment(s) of principal and interest coming due thereunder.

  • In addition, at the option of the Buyer only, Buyer may elect, by written notice to Sellers, to reduce the principal amount of the Buyer’s Note and/or the One Million Dollar Excess Inventory Note to recover any amounts due to Buyer or its Affiliates as a result of a payment default by the purchaser under the Banana Purchase Agreement or the Pineapple Purchase Agreement.

  • At the option of either Sellers or Buyer, Sellers’ indemnity obligation under this §7 may be satisfied, in whole or in part, by notifying Buyer, in case Sellers exercise their option, or Sellers, in case Buyer exercises its option, that the party exercising its option is reducing the principal amount outstanding under the Buyer’s Note and/or the One Million Dollar Excess Inventory Note.

Related to Dollar Excess

  • Dollar Equivalent means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency.

  • U.S. Dollar Equivalent means, on any date of determination, (a) with respect to any amount in US Dollars, such amount, and (b) with respect to any amount in any Alternative Currency, the equivalent in US Dollars of such amount, determined by the Administrative Agent pursuant to Section 1.05 using the Exchange Rate with respect to such Alternative Currency at the time in effect under the provisions of such Section.

  • 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.

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

  • Alternative Currency Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars.

  • 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.

  • 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.

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.