Individual Formula Amount definition

Individual Formula Amount means at the date of determination thereof, with respect to each Borrower an amount equal to: (a) up to the Accounts Advance Rate of Eligible Accounts of such Borrower, plus (b) up to the Inventory Advance Rate of the value of Eligible Inventory of such Borrower; minus (c) the aggregate amount of Swingline Loans and aggregate amount of Letters of Credit issued or caused to be issued on behalf of such Borrower, minus (e)

Individual Formula Amount means the portion of a Participant’s Award Payment for a Year that is determined in accordance with Section 4.3 based on the attainment of the Performance Objectives for the Pool applicable to the Participant’s Award.

Individual Formula Amount means at the date of determination thereof, with respect to each Business Segment an amount equal to: (a) up to the Receivables Advance Rate of Eligible Receivables of such Business Segment, plus (b) up to the Inventory Advance Rate of the value of Eligible Inventory of such Business Segment; minus (c) the aggregate amount of Letters of Credit issued or caused to be issued on behalf of such Business Segment and the outstanding principal amount of Swingline Loans made to such Business Segment minus (d)

Examples of Individual Formula Amount in a sentence

• Each Lender, severally and not jointly, will make Revolving Advances to each Borrower in aggregate amounts outstanding at any time not greater than such Lender's Commitment Percentage of the lesser of such Borrower's Individual Formula Amount.

• Each Lender, severally and not jointly, will make Revolving Advances to each Borrower in aggregate amounts outstanding at any time not greater than such Lender's Commitment Percentage of the lesser of (x) such Borrower's Individual Maximum Revolving Advance Amount or (y) such Borrower's Individual Formula Amount.

• Each Lender, severally and not jointly, will make Revolving Advances to each Borrower in aggregate amounts outstanding at any time not greater than such Lender's Commitment Percentage of the lesser of (i) the Maximum Revolving Advance Amount and (ii) such Borrower's Individual Formula Amount less the maximum amount available to be drawn on Letters of Credit.

• Subject to Section 2.1(a), each Lender, severally and not jointly, will make Revolving Advances to each Business Segment in aggregate amounts outstanding at any time not greater than such Lender's Commitment Percentage of such Business Segment's Individual Formula Amount.

• Each Lender, severally and not jointly, will make Revolving Advances to each Borrower in aggregate amounts outstanding at any time not greater than such Lender’s Commitment Percentage of the lesser of (x) such Borrower’s Individual Maximum Revolving Advance Amount less, in the case of Continental, the aggregate undrawn amount of outstanding Letters of Credit or (y) such Borrower’s Individual Formula Amount.

More Definitions of Individual Formula Amount

Individual Formula Amount means, at the date of determination thereof, with respect to each Borrower an amount equal to: (a) up to the Receivables Advance Rate of the sum of Eligible Receivables of such Borrower less its Dilution Reserve, plus (b) up to the Inventory Advance Rate of the value of Eligible Inventory of such Borrower; plus (c) the product of (i) the aggregate amount of outstanding Trade L/C Exposure of such Borrower times (ii) the Inventory Advance Rate, plus (d) Cash Collateral of such Borrower, minus (e) such other reserves as the Administrative Agent in its Permitted Discretion deems proper and necessary from time to time.

Individual Formula Amount means at the date of determination thereof, with respect to each Borrower an amount equal to: (a) up to the Receivables Advance Rate of Eligible Receivables of such Borrower, PLUS (b) up to the Inventory Advance Rate of the value of Eligible Inventory of such Borrower; plus (c) the product of (i) the aggregate amount of outstanding Letters of Credit issued or caused to be issued on behalf of such Borrower (excluding the Singapore Letter of Credit) times (ii) the Inventory Advance Rate, MINUS (d) such reserves as Agent may reasonably deem proper and necessary from time to time. The Individual Formula Amount for SPM, Type III and TPS shall be deemed to be zero (0).

Individual Formula Amount means at the date of determination thereof, with respect to each Borrower an amount equal to: (a) up to the Receivables Advance Rate of Eligible Receivables of such Borrower, plus (b) with respect to DMS, up to the DMS Contract Receivables Advance Rate of the Eligible DMS Contract Receivables, minus (c) such reserves as Agent may reasonably deem proper and necessary from time to time.

Individual Formula Amount means, at the date of determination thereof, with respect to each Borrower, an amount equal to the sum of: (i) the Accounts Advance Rate multiplied by the Net Amount of Eligible Receivables of such Borrower, plus (ii) the Factoring Advance Rate of the Amount Due From Factor that is attributable to Factored Accounts that are not Client Risk Accounts of such Borrower, plus (iii) the Inventory Advance Rate multiplied by the Value of Eligible Inventory of such Borrower, minus (iv) the aggregate amount of outstanding Letters of Credit of such Borrower, minus (v) such reserves as Agent may reasonably deem proper and necessary from time to time.

Individual Formula Amount means at the date of determination thereof, an amount equal to:

Individual Formula Amount means at the date of determination thereof, (a) with respect to ADI, an amount equal to:

Individual Formula Amount means at the date of determination thereof, with respect to each Borrower an amount equal to: (a) up to the Receivables Advance Rate of Eligible Receivables of such Borrower, plus (b) up to the Inventory Advance Rate of the value of Eligible Inventory of such Borrower; minus (c) in the case of Continental, the amount of the Availability Block as in effect from time to time, and minus (d) in the case of each Borrower, such other reserves as Agent may reasonably deem proper and necessary from time to time.