Fixed Asset Component means the lesser of (i) the sum of (A) from and after the Real Property Activation Date, the Real Property Percentage of 75% of the Value of Eligible Real Property plus (B) 85% of the NOLV Percentage of Eligible M&E of the Loan Parties (with the amount attributable to this clause (B), as of the date of any determination, to be no greater than the amount attributable to this clause (B) on the Closing Date) and (ii) $175,000,000.
Fixed Asset Component means the lesser of (i) the sum of (A) from and after the Real Property Activation Date, the Real Property Percentage of 75% of the Value of Eligible Real Property plus (B) 85% of the NOLV Percentage of Eligible M&E of the Loan Parties (with the amount attributable to this clause (B), as of the date of any determination, to be no greater than the amount attributable to this clause (B) on the Closing Date) and (ii) $200,000,000.
Fixed Asset Component means, on any date, an amount equal to the sum of (i) 80% of the Net Orderly Liquidation Value of Eligible Equipment plus (ii) 50% of the fair market value of Eligible Real Estate (as set forth in the most recent third party real estate appraisal in form and substance, and prepared by an independent appraisal firm, reasonably satisfactory to the Administrative Agent ) less (iii) reserves as are deemed necessary from time to time by the Administrative Agent in its reasonable discretion, including a reserve in respect of matters disclosed in the December 2005 environmental consultant report that was delivered to the Administrative Agent prior to the Closing Date.
Examples of Fixed Asset Component in a sentence
Several acres in addition have been converted to stone quarry mine sites, sand and gravel extraction and other forms of mining.In this regard, a substantial amount of arable land was earmarked for the cultivation of food and cash crops (Agriculture activities) in the District Spatial Development Framework.
They are finding that some, but not all, students that start to be teachers of CTE are not finishing.
The purpose of this District Spatial Development Framework (SDF) document is to revise, update and replace the current West Coast District SDF (2007) with a statutory spatial framework approved in terms of the Municipal Systems Act 2000 (Act 32 of 2000).
Closer examination of the latest District Spatial Development Framework (SDF) reveals that the majority of major projects as well as the dominant development direction occur in the area directly surrounding the town of Newcastle.
It is possible that lower order plans, such as a District Spatial Development Framework, may be inconsistent with the new MSDF.
More Definitions of Fixed Asset Component
Fixed Asset Component means $55,000,000 in respect of Collateral consisting of real property and equipment; minus $1,000,000 multiplied by the number of Anniversary Dates that have passed, as an amortization factor related to Collateral consisting of real property and equipment.
Fixed Asset Component means, on any date, an amount equal to the sum of (i) 80% of the Net Orderly Liquidation Value of Eligible Equipment plus (ii) 50% of the fair market value of Eligible Real Estate (as set forth in the most recent third party real estate appraisal in form and substance, and prepared by an independent appraisal firm, reasonably satisfactory to the Administrative Agent ) less (iii) reserves as are deemed necessary from time to time by the Administrative Agent in its reasonable discretion, including a reserve in respect of matters disclosed in the environmental consultant report required to be delivered pursuant to Section 5.12.
Fixed Asset Component contained in Section 1.1 of the Credit Agreement are hereby deleted.
Fixed Asset Component has the meaning specified in the definition "Borrowing Base" set forth in this Agreement.
Fixed Asset Component means $10,000,000; provided that the Fixed Asset Component shall reduce by (a) $1,000,000 on the first day of each calendar month commencing on September 1, 2009 and continuing on the first Business Day of each month thereafter throughout the term of the Credit Agreement and (b) an amount determined by the Administrative Agent in its Permitted Discretion with respect to any Fixed Asset Collateral which is the subject of a casualty event (including, without limitation, damage, destruction or condemnation) or a Disposition or otherwise no longer satisfies the criteria applicable to Eligible Equipment or Eligible Real Property.
Fixed Asset Component means $15,000,0000; provided that the Fixed Asset Component shall be reduced by (a) the Monthly Fixed Asset Amortization Amount on the first day of each month commencing with August 1, 2006 and continuing on the first day of each month thereafter throughout the term of this Agreement and (b) the percentage of the appraised value (as of the Effective Date) of any Fixed Asset Collateral which (i) is the subject of a casualty event (including, without limitation, damage, destruction or condemnation) or a Permitted Fixed Asset Disposition, or (ii) is no longer Eligible Equipment or Eligible Mortgaged Real Property, as applicable, less in each case the portion of such amount that has already been reduced from the Fixed Asset Component as a result of prior Monthly Fixed Asset Amortization Amount reductions, in each case such amounts being determined by the Administrative Agent in its sole discretion.
Fixed Asset Component means $25,000,000; provided that the Fixed Asset Component shall be reduced by (a) the Monthly Fixed Asset Amortization Amount on the first day of each month commencing with February 1, 2007 and continuing on the first day of each month thereafter throughout the term of this Agreement and (b) the percentage of the appraised value (as of the Effective Date) of any Fixed Asset Collateral which (i) is the subject of a casualty event (including, without limitation, damage, destruction or condemnation) or a Permitted Fixed Asset Disposition, or (ii) is no longer Eligible Equipment or Eligible Mortgaged Real Property (as applicable) less in each case the portion of such amount that has already been reduced from the Fixed Asset Component as a result of prior Monthly Fixed Asset Amortization Amount reductions, in each case such amounts being determined by the Administrative Agent in its sole discretion. Following the Effective Date and upon receipt of an updated appraisal of the US Borrowers Eligible Mortgaged Real Property pursuant to Section 4.1, if 75% of the Appraised Value of such Eligible Mortgaged Real Property is less than $25,000,000, then the Fixed Asset Component shall be immediately reduced by the amount of such difference; provided that any such reduction shall result in an immediate recalculation and reduction of the Monthly Fixed Asset Amortization Amount to an amount equal to .0119 times 75% of the Appraised Value of such Eligible Mortgaged Real Property.