Existing Cap definition

Existing Cap has the meaning ascribed to it under the section headed “Basis and reasons for the Transaction and the New Cap” of this announcement;
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Existing Cap means ISDA Master Agreement entered into by Borrower with Xxxxx Fargo Bank, dated as of June 28, 2011, and the rate confirmation letter, dated July 8, 2011, referring to trade number 8671012.
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Existing Cap means each interest rate cap hedging agreement entered into before the date of this Agreement in respect of interest rate exposures relating to the Existing Facility.
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Examples of Existing Cap in a sentence

  • On 15 May 2014, the Company entered into the Supplemental Agreement with Zhuangbei Finance to revise the Existing Cap for the year ending 31 December 2014 from RMB100,000,000 to RMB500,000,000.

  • Existing Cap While source control efforts continue, the existing cap will be monitored and any necessary work to maintain the cap completed.

  • Since the New Electricity Transaction Agreement will supersede the Original Electricity Transaction Agreement as supplemented by the Supplemental Agreement and its term will expire on 30 June 2022, the Existing Cap for 2023 will cease to apply.

  • Alternative 2: Maintain Existing Cap This option would consist of preparing and implementing a long-term maintenance plan to ensure the integrity of the existing cap is maintained.

  • The relevant certificate from the Registrar of Births and Deaths, or the Coroner or Crematorium, must accompany the Notice of Interment.

  • The name of the corporation is Tech and Energy Transition Corporation (the “Corporation”).

  • DISCONTINUED OPERATIONSDuring the prior year, the directors of the Company had resolved to dispose of its 51% equity interest in Yan’an Jinneng, and Yan’an Jinneng’s subsidiary, Liyuan Railway, (together, “Disposal Group A”).

  • We consider that the Proposed Cap to be sought of RMB180,000,000 for the year ending 31 December 2015 is reasonable based on the latest actual historical sales amount, especially taking into account:As illustrated in the table above, we note that the Proposed Cap of RMB110,000,000 for the year ending 31 December 2015 represents a reduction of approximately 46% from the Existing Cap of RMB202,000,000 for the year ending 31 December 2014.

  • Set out below are the utilisation rates of the Existing Cap for the two financial years ended 31 December 2013 and the four months ended 30 April 2014: For the year ended 31 December 2012For the year ended 31 December 2013For the four monthsended 30 April 2014Annual cap (RMB)100,000,000100,000,000100,000,000 (Note)Amount of note discounting (RMB)98,000,00096,389,00082,000,000Utilisation rate (Approximate %)98.0096.3982.00 Note: The annual cap was set for the year ending 31 December 2014.

  • With the revision of the Existing Cap and the New Cap, the Group will continue to benefit from the stable electricity supply at a fair, reasonable and competitive price, which in turn will assist in stabilizing the operating cost of the Group.


More Definitions of Existing Cap

Existing Cap the existing maximum transaction amount of
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Related to Existing Cap

  • Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • Target Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Target Net Working Capital means $0.

  • Target Net Working Capital Amount means an amount equal to $23,085,000.00.

  • Target Working Capital Amount means $162,000,000.

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Closing Date Net Working Capital has the meaning set forth in Section 2.7(a).

  • Working Capital Commitment means, with respect to any Working Capital Lender at any time, the amount set forth opposite such Lender's name on Schedule I hereto under the caption "Working Capital Commitment" or, if such Lender has entered into one or more Assignments and Acceptances, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(d) as such Lender's "Working Capital Commitment", as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.

  • Base Working Capital means $25,000,000.

  • Working Capital Shares shall have the meaning given in the Recitals hereto.

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).

  • Working Capital means, on any date, Current Assets less Current Liabilities.

  • Closing Cash means the aggregate amount of all Cash of the Company as of the close of business on the day immediately preceding the Closing Date.

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Closing Indebtedness Amount means, as of immediately prior to the Effective Time, the aggregate amount of Indebtedness of the Company, including all accrued and unpaid interest, prepayment penalties or fees, and other unpaid fees and expenses payable in respect of such Indebtedness through the Effective Time.

  • Working Capital Amount means the difference between (x) the total current assets of the Company and its Subsidiaries and (y) the total current liabilities (other than the New Company Debt, the Existing Company Debt and Deal Expenses) of the Company and its Subsidiaries (in each case calculated in accordance with GAAP immediately prior to the Effective Time and after giving effect to the Contribution, the Distribution and the disposition of cash and cash equivalents contemplated by Section 6.24).

  • Final Closing Working Capital has the meaning set forth in Section 2.4(e).

  • Refunding Capital Stock has the meaning assigned to such term in Section 6.04(a)(viii).

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.