Funded Facility Amount definition

Funded Facility Amount means, on any day, the aggregate principal amount of Advances made on or prior to such day, reduced from time to time by payments and distributions in respect of principal of such Advances.
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Examples of Funded Facility Amount in a sentence

  • Limited Guarantor shall at all times maintain Unrestricted Cash at any time in an amount at least equal to the greater of (i) $7.5 million (or, during the Financial Covenant Modification Period, $35.0 million), (ii) 7.5% of the Funded Facility Amount and (iii) the dollar minimum for any minimum liquidity or unrestricted cash or similar covenant set forth in any Comparable Guaranty.

  • Limited Guarantor shall at all times maintain Unrestricted Cash at any time in an amount at least equal to the greater of (i) $7.5 million, (ii) 7.5% of the Funded Facility Amount and (iii) the dollar minimum for any minimum liquidity or unrestricted cash or similar covenant set forth in any Comparable Guaranty.

  • Limited Guarantor shall maintain Unrestricted Cash in an amount at least equal to the greater of (i) (x) $20.0 million at all times for the period beginning on the Closing Date and ending on March 30, 2023 or (y) $35.0 million measured at each fiscal quarter end, commencing with the fiscal quarter ending ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇) 10.0% of the Funded Facility Amount and (iii) the dollar minimum for any minimum liquidity or unrestricted cash or similar covenant set forth in any Comparable Guaranty.

  • Limited Guarantor shall maintain Unrestricted Cash in an amount at least equal to the greater of (i) (x) $20.0 million, (ii) 10.0% of the Funded Facility Amount and (iii) the dollar minimum for any minimum liquidity or unrestricted cash or similar covenant set forth in any Comparable Guaranty.