LENDING FORMULA definition

LENDING FORMULA means the lesser of:
Sample 1Sample 2Sample 3
LENDING FORMULA set forth in Section 1.40 of the Loan Agreement is hereby amended as follows (it being intended to reflect the facts that (1) the maximum amount of the Revolving Loan has been hereby permanently increased to $35,000,000 and (2) any time the term "Lending Formula" appears in the Loan Agreement, that term shall mean the Lending Formula set forth below):
Sample 1
LENDING FORMULA means the lesser of: (a) $28,000,000 LESS in all cases the "Swap Reserve" (i.e., the amount approximating the marked to market exposure from time to time of LENDER or LENDER's Affiliate under the Master Agreement), such "Swap Reserve" to be instituted only if BORROWER's Fixed Charge Coverage (as defined in Article V below) is less than 1.13 to 1.0 as at any testing date which said Article V fixes for such covenant; or
Sample 1

Examples of LENDING FORMULA in a sentence

  • LENDING FORMULA; - Net overdraft utilisation to be covered 200% by trade debtors (excluding inter-company positions) less than 90 days.


More Definitions of LENDING FORMULA

LENDING FORMULA shall have the meaning given that term in Section 2.2(a).
Sample 1
LENDING FORMULA is a collective term which shall have the meaning give that term in Section 2.2 of this Agreement.
Sample 1
LENDING FORMULA set forth in Section 1.40 of the Loan Agreement is hereby amended as follows (it being intended to conform this section with BORROWER's having elected the Extended Maturity Date):
Sample 1
LENDING FORMULA shall have the meaning give that term in SECTION 2.2 of this Agreement.
Sample 1

Related to LENDING FORMULA

  • Corresponding Component As identified in the Preliminary Statement with respect to any Class of Non-Vertically Retained Principal Balance Certificates or Lower-Tier Regular Interest.

  • Payout Formula means as to any Performance Period, the formula or payout matrix established by the Committee pursuant to Section 3.4 in order to determine the Actual Awards (if any) to be paid to Participants. The formula or matrix may differ from Participant to Participant.

  • Infant formula means a food that is intended for con- sumption by infants.

  • product type means any of the following:

  • Combination Products means COBI Combination Products, EVG Combination Products, TDF Combination Products, TAF Combination Products and Quad Product.

  • Prop Type Sr Lien: Orig Amount: P&&I: Cr. Score: Sevicer Loan Prod Code: Rem Term: Occp Code: Appr Value: Note Date: Debt Ratio: City Stat Zip Purpose: Curr Rate: CLTV: Prin Bal: Maturity Date: Lien Pos: 5407980 181 14 $64,436.26 $16,500.00 $212.86 730 0300535754 6 174 1 $74,500.00 05/23/2001 34 Xxxxxx XX 00000 02 13.380 109 $16,290.43 06/01/2016 2 5408007 121 14 $83,809.00 $43,500.00 $659.16 703 0300657970 5 114 1 $102,000.00 05/17/2001 35 Xxxxxxx XX 00000 02 13.380 125 $42,554.60 06/01/2011 2 5408032 301 14 $74,230.00 $37,000.00 $386.29 714 0300571841 8 295 1 $95,000.00 06/04/2001 38 Xxxxx XX 00000 02 11.880 118 $36,871.74 07/01/2026 2 5408108 301 14 $135,000.00 $45,000.00 $533.10 673 0300571890 8 295 1 $151,000.00 06/11/2001 37 Xxxxx XX 00000 02 13.750 120 $44,910.59 07/01/2026 2 5408152 301 14 $120,918.00 $55,000.00 $594.58 726 0300528072 8 296 1 $166,000.00 07/12/2001 36 Xxxxxx XX 00000 02 12.380 106 $54,888.73 08/01/2026 2 5408264 181 14 $54,357.00 $49,854.00 $594.33 694 0300535812 6 176 1 $83,500.00 07/02/2001 49 Xxxxxxx XX 00000 02 11.880 125 $49,324.89 08/01/2016 2 5408307 301 09 $99,960.00 $25,000.00 $293.79 738 0300551686 8 295 1 $107,000.00 06/28/2001 28 Xxxxxxxx XX 00000 02 13.630 117 $24,941.69 07/01/2026 2 5408341 301 14 $111,903.00 $34,300.00 $370.80 731 0300528056 8 296 1 $117,000.00 07/06/2001 34 Xxxxxxx XX 00000 02 12.380 125 $34,212.82 08/01/2026 2 5408435 181 RFC01 $136,067.00 $47,600.00 $559.85 712 0300535952 6 175 1 $151,000.00 06/25/2001 31 Xxxxxxxxxx XX 00000 02 11.630 122 $46,993.12 07/01/2016 2 5408725 181 14 $136,938.00 $60,000.00 $677.26 680 0300537370 6 177 1 $166,500.00 08/07/2001 41 Xxxxxx XX 00000 02 10.880 119 $59,595.83 09/01/2016 2 5408772 181 14 $155,778.00 $60,000.00 $696.15 689 0300536372 6 177 1 $180,000.00 08/10/2001 30 Xxxxxxx Xxxx XX 00000 02 11.380 120 $59,614.16 09/01/2016 2 5408885 121 14 $59,223.00 $22,000.00 $325.25 702 0300523420 5 115 1 $66,000.00 06/08/2001 34 Xxxxxxx XX 00000 02 12.750 124 $21,240.53 07/01/2011 2 5408961 301 14 $243,000.00 $60,000.00 $682.36 680 0300551975 8 297 1 $270,000.00 08/01/2001 38 Xxxxxxxxxxx XX 00000 02 13.130 113 $59,886.31 09/01/2026 2 5408968 180 14 $218,260.49 $50,000.00 $674.29 667 0300517422 6 176 1 $243,000.00 08/02/2001 39 Xxxxxx XX 00000 02 14.250 111 $49,659.83 08/17/2016 2 5409058 180 09 $181,864.00 $75,000.00 $851.98 710 0300513421 6 176 1 $218,000.00 08/14/2001 36 Xxxxxxxxxx XX 00000 02 10.990 118 $74,287.84 08/20/2016 2 5409059 180 14 $91,420.00 $35,000.00 $536.17 647 0300513637 6 176 1 $110,000.00 08/17/2001 00 Xx Xxxxx XX 00000 02 16.900 115 $34,868.41 08/22/2016 2 5409060 180 14 $156,235.00 $60,000.00 $724.93 683 0300513587 6 176 1 $205,000.00 08/16/2001 31 Xxxxxx XX 00000 02 12.130 106 $59,518.04 08/21/2016 2 5409062 120 14 $47,375.00 $43,400.00 $647.75 662 0300513678 5 116 1 $80,114.00 08/15/2001 28 Xxxxxxx XX 00000 02 12.990 114 $42,938.99 08/28/2011 2 5409064 180 14 $110,869.00 $47,000.00 $515.90 721 0300512696 6 176 1 $145,570.00 08/10/2001 31 Xxxxxxxxx XX 00000 02 10.380 109 $46,556.10 08/15/2016 2 5409066 180 16 $128,519.00 $50,000.00 $590.47 662 0300512779 6 176 1 $147,500.00 08/08/2001 47 Xxxxxxxx XX 00000 02 11.700 122 $49,156.65 08/13/2016 2 5409067 180 14 $153,290.00 $70,000.00 $757.59 750 0300512001 6 176 1 $230,551.00 08/07/2001 46 Xxxxxxxxx XX 00000 02 10.130 97 $69,323.65 08/13/2016 2

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI Pricing applies on any day.

  • Combination Product means a product (a) containing a Licensed Product together with one or more other active ingredients, or (b) with one or more products, devices, pieces of equipment or components, but sold for an integrated price (e.g., with the purchase of one product the customer gets a coupon for the other) or for a single price.

  • Formula means the appropriate secondary road fund distribution formula or farm-to-market road fund distribution formula as defined in subrules 102.2(2) and 102.2(3).

  • BA Discount Rate means:

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Type of Loan means (i) with respect to either Term Loans or Revolving Loans, a Base Rate Loan or a Eurodollar Rate Loan, and (ii) with respect to Swing Line Loans, a Base Rate Loan.

  • Pricing Level IV means any time when (i) no Event of Default has occurred and is continuing, (ii) the Senior Debt Rating is BBB- or higher by S&P or Baa3 or higher by Moody’s and (iii) Pricing Levels I, II and III do not apply.

  • Integration Level means the Social Security taxable wage base for the Plan Year, unless the Employer elects a lesser amount in (i) or (ii) below.

  • Fitch Discount Factor means the discount factors set forth in the Fitch Guidelines for use in calculating the Agency Discounted Value of the Company’s assets in connection with Fitch’s ratings then assigned on the Senior Securities.

  • S&P Discount Factor means for purposes of determining the Discounted Value of any S&P Eligible Asset, the percentage determined by reference to the rating on such asset and the shortest Exposure Period set forth opposite such rating that is the same length as or is longer than the S&P Exposure Period, in accordance with the table set forth below:

  • Approved Pricing Service means a pricing or quotation service as set forth in Schedule 1.01(a) or any other pricing or quotation service approved by the Board of Directors of the Borrower and designated in writing to the Administrative Agent (which designation shall be accompanied by a copy of a resolution of the Board of Directors of the Borrower that such pricing or quotation service has been approved by the Borrower).

  • Pricing Level III shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.00 to 1.00 but greater than or equal to 2.50 to 1.00.

  • Moody’s Discount Factor means the discount factors set forth in the Moody's Guidelines for use in calculating the Discounted Value of the Fund's assets in connection with Moody's long-term preferred share ratings of the VRDP Shares at the request of the Fund.

  • Margin Level means the percentage Equity to Necessary Margin ratio. It is calculated as (Equity / Necessary Margin) * 100%.

  • Significance Percentage With respect to any Distribution Date, and in accordance with Item 1115 of Regulation AB, shall be a percentage equal to the Significance Estimate divided by the aggregate outstanding Certificate Principal Balance of the Certificates, prior to the distribution of the Principal Distribution Amount on such Distribution Date.

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Discount Rate means the rate used by the Plan Administrator for determining the Accrual Balance. The initial Discount Rate is six percent (6%). However, the Plan Administrator, in its discretion, may adjust the Discount Rate to maintain the rate within reasonable standards according to GAAP and/or applicable bank regulatory guidance.

  • Prime Lending Rate means the rate which the Administrative Agent announces from time to time as its prime lending rate, the Prime Lending Rate to change when and as such prime lending rate changes. The Prime Lending Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer by the Administrative Agent, which may make commercial loans or other loans at rates of interest at, above or below the Prime Lending Rate.