Material Proposed Addition definition

Material Proposed Addition means a Person whom any Loan Party proposes to add as a "seller" under the Sale Agreement if either (i) the aggregate Unpaid Net Balance of such Person's receivables (on the proposal date) exceeds 10% of the weighted average Allocation Limit in effect on the proposal date, or (ii) the Unpaid Net Balance of such Person's receivables (on such proposal date), when aggregated with the receivables of all other Persons added as "sellers" under the Sale Agreement in the same calendar year (measured on the respective dates such other Persons became "sellers" under the Sale Agreement) exceeds 10% of the weighted average Allocation Limit in effect during such calendar year.
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Material Proposed Addition means, other than in connection with a Permitted Restructuring, a Person whom any Loan Party proposes to add as an "Originator" under the Receivables Sale Agreement if either (a) the aggregate Outstanding Balance of such Person's receivables (on the proposal date) exceeds 3% of the weighted average Borrowing Base in effect on the proposal date, or (b) the Outstanding Balance of such Person's receivables (on such proposal date), when aggregated with the receivables of all other Persons added as "Originators" under the Receivables Sale Agreement in the same calendar year (measured on the respective dates such other Persons became "sellers" under the Receivables Sale Agreement) exceeds 10% of the weighted average Borrowing Base in effect during such calendar year. 61
Sample 1
Material Proposed Addition means a Person whom any Loan Party proposes to add as a "seller" under the Receivables Sale Agreement if either (i) the aggregate Outstanding Balance of such Person's receivables (on the proposal date) exceeds 10% of the weighted average Borrowing Base in effect on the proposal date, or (ii) the Outstanding Balance of such Person's receivables (on such proposal date), when aggregated with the receivables of all other Persons added as "sellers" under the Receivables Sale Agreement in the same calendar year (measured on the respective dates such other Persons became "sellers" under the Receivables Sale Agreement) exceeds 10% of the weighted average Borrowing Base in effect during such calendar year.
Sample 1

Examples of Material Proposed Addition in a sentence

  • No such addition shall become effective (a) if such addition constitutes a Material Proposed Addition, without the written consent of the Agents and, if applicable, each of the rating agencies who is then rating Commercial Paper Notes of any Conduit but may become effective prior to such 60th day if such written consent is given more promptly and (b) unless all conditions precedent to such addition required by Section 5.2 below are satisfied prior to such date).

  • No such addition shall become effective (a) if such addition constitutes a Material Proposed Addition, without the written consent of each of the Agents and each of the rating agencies who is then rating Commercial Paper of Blue Ridge or Victory but may become effective prior to such 60th day if such written consent is given more promptly and (b) unless all conditions precedent to such addition required by Section 5.2 below are satisfied prior to such date).

  • Notwithstanding the foregoing, if the Borrower requests the approval of a new Eligible Originator who is a Material Proposed Addition, the Loan Parties shall be responsible for the costs and expenses of one additional Review per proposed Material Proposed Addition in the calendar year in which such Material Proposed Addition is expected to occur if such additional Review is requested by any of the Agents.

  • No such addition shall become effective (a) if such addition constitutes a Material Proposed Addition, without the written consent of the Administrative Agent and each of the rating agencies who is then rating Commercial Paper Notes of Blue Ridge but may become effective prior to such 60th day if such written consent is given more promptly and (b) unless all conditions precedent to such addition required by Section 5.2 below are satisfied prior to such date).

  • No such addition shall become effective (a) if such addition constitutes a Material Proposed Addition, without the consent of the Administrative Agent and each of the rating agencies which is then rating Commercial Paper of Blue Ridge but may become effective prior to such 30th day if such consent is given more promptly and (b) unless all conditions precedent to such addition required by SECTION 5.2 are satisfied prior to such date.

  • No such addition shall become effective (a) if such addition constitutes a Material Proposed Addition, without the written consent of each of the Co-Agents but may become effective prior to such 60th day if the Co-Agents give their written consent more promptly and (b) unless all conditions precedent to such addition required by Section 5.2 below are satisfied prior to such date).

  • No such addition shall become effective (a) if such addition constitutes a Material Proposed Addition, without the written consent of each of the Agents but may become effective prior to such 60th day if such written consent is given more promptly and (b) unless all conditions precedent to such addition required by Section 5.2 below are satisfied prior to such date).


More Definitions of Material Proposed Addition

Material Proposed Addition means a Person (other than Norrxxx Xxxporation and its Subsidiaries or a successor thereto) whom the Borrower or INTERIM SERVICES proposes to add as a "seller" under the Sale Agreement if either (i) such Person's receivables (on the proposal date) exceed $10 million in the aggregate, or (ii) such Person's receivables (on such proposal date), when aggregated with the receivables of all other Persons added as "sellers" under the Sale Agreement in the same Contract Year (measured on the respective dates such other Persons became "sellers" under the Sale Agreement) exceed $25 million in the aggregate.
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Related to Material Proposed Addition

  • Superior Proposal has the meaning set forth in Section 5.09(a).

  • Superior Proposal Notice has the meaning specified in Section 5.4(1)(c).

  • Superior Offer Superior Offer" shall mean an unsolicited, bona fide written offer made by a third party to purchase more than 50% of the outstanding shares of Company Common Stock on terms that the board of directors of the Company determines, in its reasonable judgment, based upon the written advice of its financial advisor, to be more favorable to the Company's shareholders than the terms of the Merger; provided, however, that any such offer shall not be deemed to be a "Superior Offer" if any financing required to consummate the transaction contemplated by such offer is not committed and is not likely to be obtained by such third party on a timely basis.

  • Notice of Superior Proposal has the meaning set forth in Section 5.09(e).

  • Material Property means all Real Property owned in fee in the United States by any Credit Party, in each case, with a fair market value of $7,425,000 (as determined by the Borrower in good faith) or more, as determined (i) with respect to any Real Property owned by any Credit Party on the Closing Date, as of the Closing Date, and (ii) with respect to any Real Property acquired by a Credit Party after the Closing Date, as of the date of such acquisition.

  • Environmental Notice means any written directive, notice of violation or infraction, or notice respecting any Environmental Claim relating to actual or alleged non-compliance with any Environmental Law or any term or condition of any Environmental Permit.

  • Material Project means the construction or expansion of any capital project of the Borrower or any of its Subsidiaries, the aggregate capital cost of which exceeds $50,000,000.

  • Eligible Proposal means a Proposal that meets or exceeds the prescribed requirement, proceeding to the next stage of evaluation;

  • Company Superior Proposal shall have the meaning set forth in Section 7.4(b).

  • Proposed Contract means the agreement including any other terms and conditions contained in or referred to in this RFP that may be executed between the DBSA and the successful Bidder.

  • Material Project Documents means, collectively, the Power Purchase Agreement, the EPC Contract, the Transmission Facilities Construction Agreement, the O&M Agreement, the Coal Supply Agreements, the Coal Transportation Agreement and all other instruments, agreements or other documents arising from or related to the Project, but shall not include any Financing Agreement.

  • Material Properties means (a) those Mortgaged Properties designated on Schedule 3.12 as Material Properties and (b) each other Mortgaged Property with respect to which a Mortgage is granted pursuant to Section 5.11 after the Restatement Effective Date.

  • Acquisition Proposal has the meaning set forth in Section 5.03(a).

  • Proposed decision means the presiding officer’s recommended findings of fact, conclusions of law, decision, and order in a contested case in which the administrator did not preside.

  • Financial Proposal means the Contractor’s Financial Proposal dated (Financial Proposal date).

  • Material Deviation refers to any contents or characteristics of the proposal that is significantly different from an essential aspect or requirement of the RFP, and : (i) substantially alters the scope and quality of the requirements; (ii) limits the rights of UNDP and/or the obligations of the offeror; and (iii) adversely impacts the fairness and principles of the procurement process, such as those that compromise the competitive position of other offerors.

  • approved proposal means a proposal approved or deemed to be approved under this Agreement;

  • Material Environmental Liabilities means Environmental Liabilities exceeding $500,000 in the aggregate.

  • Alternative Proposal has the meaning set forth in Section 6.2(b).

  • Material Modification means any modification to an Interconnection Request that has a material adverse effect on the cost or timing of Interconnection Studies related to, or any Network Upgrades or Local Upgrades needed to accommodate, any Interconnection Request with a later Queue Position.

  • Proposed Change has the meaning assigned to such term in Section 9.02(c).

  • Superior Acquisition Proposal means a bona fide Acquisition Proposal made by a third party for one or more of the McNeil Partnerships which the general partner of each such McNeil Partnership determines in good faith to be more favorable to the limited partners of such McNeil Partnership from a financial point of view than the Mergers and the other transactions contemplated by this Agreement with respect to such McNeil Partnership, and which such general partner determines in good faith is reasonably likely to be consummated.

  • Proposed New Lender is defined in Section 2.19.

  • Material Environmental Amount an amount payable by the Borrower and/or its Subsidiaries in excess of $5,000,000 for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof.

  • Material Objection Notice has the meaning set forth in Section 4.2 of this Agreement.

  • Alternative Transaction Proposal means any proposal, offer, inquiry or contact with respect to an Alternative Transaction.