Examples of Increase Amount in a sentence
Additionally, for the avoidance of doubt, it is understood and agreed that in no event shall the aggregate amount of the Increases to the Revolving Commitments exceed the Available Revolving Increase Amount during the term of the Agreement.
The Commitment Increase Notice shall specify the Lenders and/or banks, financial institutions or other entities that will be requested to provide such Revolving Credit Offered Increase Amount.
Any Increase shall be in an amount of at least $5,000,000 (or, if the Available Revolving Increase Amount is less than $5,000,000, such remaining Available Revolving Increase Amount) and integral multiples of $1,000,000 in excess thereof.
Such Increase Amount shall be in an amount equal to $5,000,000 or a whole multiple thereof.
On each Business Day other than a Contract Anniversary, the Annual Increase Amount is equal to: a) its value on the immediately preceding Business Day, b) plus any additional Purchase Payments (not including any bonus) received that day, and c) Reduced proportionately by the percentage of any Contract Value withdrawn (including any withdrawal charge) for each withdrawal you make that day.