Individual Maximum Revolving Advance Amount definition

Individual Maximum Revolving Advance Amount means $20,000,000 with respect to the Xxxxxxx Division, $45,000,000 with respect to the Xxxxxxx Division and $50,000,000 and with respect to the SunSource Division, it being understood and agreed that no Advances shall be made by Agent or Lenders to X. X.
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Individual Maximum Revolving Advance Amount means with respect to each Borrower, an amount equal to the Maximum Revolving Amount minus the outstanding amount of Revolving Advances to the other Borrower.
Sample 1
Individual Maximum Revolving Advance Amount means (i) with respect to the SPAR Borrowers, $12,500,000 and (ii) with respect to the PIA Borrowers, (x) initially, $6,000,000 and (y) following the Increase Event, $10,000,000.
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Examples of Individual Maximum Revolving Advance 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 (x) such Borrower's Individual Maximum Revolving Advance Amount or (y) such Borrower's Individual Formula Amount.

  • The DLIs were structured around the key issues faced by the state and provided sufficient flow of funds for Program implementation based on results achieved.

  • 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 the aggregate amount of outstanding Letters of Credit or (y) such Borrower's Individual Formula Amount less the aggregate amount of outstanding Letters of Credit.

  • Subject to Section 2.1(a), 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 (x) such Borrower’s Individual Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit or (y) such Borrower’s Individual Formula Amount less the aggregate amount of outstanding Letters of Credit.

  • Canadian Lender, as a Lender under this Agreement, shall make Revolving Advances in Canadian Dollars and Dollars only to Glit/Gemtex, up to Glit/Gemtex’s Individual Maximum Revolving Advance Amount.


More Definitions of Individual Maximum Revolving Advance Amount

Individual Maximum Revolving Advance Amount means (i) with respect to the SPAR Borrowers, $12,500,000 and (ii) with respect to the PIA Borrowers, (x) initially, $6,000,000 and (y) following the Increase Event,
Sample 1
Individual Maximum Revolving Advance Amount means (a) on the Closing Date, with respect to Newport, $30,000,000, with respect to Koppel, $20,250,000, and with respect to Imperial $4,000,000 and (b) at such time as the Maximum Revolving Amount is increased to $50,000,000, with respect to Newport $30,000,000, with respect to Koppel $22,500,000 and with respect to Imperial $5,000,000. "Revolving Advances" shall mean Advances made other than Letters of Credit and Acceptances.
Sample 1
Individual Maximum Revolving Advance Amount means (i) with respect to Continental, as of any date of determination, an amount equal to (x) at all times prior to the date of consummation of the Disco Division Sale, $25,000,000 and (y) at all times on and after the date of consummation of the Disco Division Sale, $8,500,000, in each case, minus the aggregate principal amount of all then outstanding Revolving Advances made to Glit/Gemtex, minus the aggregate principal amount of all Advances then outstanding under the Ex-Im Agreement and (ii) with respect to Glit/Gemtex, $2,000,000.
Sample 1
Individual Maximum Revolving Advance Amount means (i) with respect to Continental, as of any date of determination, an amount equal to $25,000,000 minus the aggregate principal amount of all then outstanding Revolving Advances made to Glit/Gemtex, minus the aggregate principal amount of all Advances then outstanding under the Ex-Im Agreement and (ii) with respect to Glit/Gemtex, the sum of $2,000,000.
Sample 1
Individual Maximum Revolving Advance Amount means with respect to each Borrower, $10,500,000.00 less the Revolving Advances and outstanding Letters of Credit provided to the other Borrowers at any time.
Sample 1

Related to Individual Maximum Revolving Advance Amount

  • Maximum Revolving Advance Amount means $25,000,000.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Maximum Revolving Amount At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

  • Maximum Revolving Credit Amount means, at any particular time, the Revolving Credit Commitments at such time.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • Maximum Revolver Amount means $100,000,000, decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement.

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Maximum Swingline Amount means $5,000,000.

  • Maximum Advance Rate means 80.0%.