Maximum Draw Amount means, at any time, the sum of the Borrowing Base plus (solely to the extent not included in the calculation of the Borrowing Base) the aggregate Principal Collections received but not distributed pursuant to Section 2.04; provided that the Maximum Draw Amount shall not be increased by any Available Collections or other amounts if at any time such Available Collections or other amounts are rescinded, unavailable for distribution or must be returned for any reason.
Maximum Draw Amount means, at any time, the sum of the Borrowing Base plus (solely to the extent not included in the calculation of the Borrowing Base) the aggregate Principal Collections received and distributed as repayment of principal amounts of Advances Outstanding pursuant to Section 2.04 at or (without duplication of any amounts previously distributed) prior to such time and any other amounts received by the Lenders to repay the principal amounts of Advances Outstanding pursuant to Section 2.18 or otherwise at or prior to such time; provided that the Maximum Draw Amount shall not be increased by any Available Collections or other amounts if at any time such Available Collections or other amounts are rescinded, unavailable for distribution or must be returned for any reason.
Maximum Draw Amount means, at any time and utilizing Dollar Equivalents, the sum of the Borrowing Base plus (solely to the extent not included in the calculation of the Borrowing Base) the aggregate Principal Collections received and distributed as repayment of principal amounts of Advances Outstanding pursuant to Section 2.04 at or (without duplication of any amounts previously distributed) prior to such time and any other amounts received by the Lenders to repay the principal amounts of Advances Outstanding pursuant to Section 2.18 or otherwise at or prior to such time; provided that the Maximum Draw Amount shall not be increased by any Available Collections or other amounts if at any time such Available Collections or other amounts are rescinded, unavailable for distribution or must be returned for any reason.
Examples of Maximum Draw Amount in a sentence
Upon receipt by Guarantor of a written notice signed by authorized representatives of Company and Contractor, respectively, that Project Completion has occurred, the Maximum Draw Amount under this Bond shall be reduced to $ .
Company may call upon this Bond for the whole or part of the Maximum Draw Amount and may make any number of calls up to the Maximum Draw Amount.
By acceptance, the non-bursary winning student undertakes to pay the tuition fees with effect from the date of allocation of the place.
This is also true when a participant leaves training early or does not return on time after lunch.• If the training is scheduled for more than one day, CEUs will be given to participants who complete the training in its entirety.
The BLM will establish a quarterly Maximum Draw Amount for each project account based on the quarterly report submitted by the local or regional governmental entity.
More Definitions of Maximum Draw Amount
Maximum Draw Amount means the maximum amount available to be drawn under all outstanding Standby Letters of Credit as of the Maturity Date.
Maximum Draw Amount means U.S.$20,000,000.
Maximum Draw Amount means $50,000,000. “Material Indebtedness” means any arrangement with respect to Indebtedness of any member of the Group to a creditor (other than a member of the Group) the principal amount of which is at least U.S.$ 15,000,000 (or the equivalent in any other currency). “Measurement Period” means a period of 12 months ending on the last day of a financial quarter of the Company. “moratorium” where it relates to a Dutch Obligor includes surséance van betaling and “granted a moratorium” includes surséance verleend. “Multiemployer Plan” means any “multiemployer plan” (as such term is defined in section 4001(a)(3) of ERISA) to which any Obligor or any ERISA Affiliate contributes or has made contributions at any time within the immediately preceding five plan years. “NAIC” means the National Association of Insurance Commissioners or any successor thereto. “NedBank LC Agreement” means that certain Amended and Restated Letter of Credit and Cash Draw Agreement dated as of June 24, 2011, among the Company, the subsidiary guarantors described therein and Nedbank Limited, acting through its London Branch, all as amended, modified, replaced or refinanced from time to time. “Non-U.S. Plan” means any plan, fund or other similar program that (a) is established or maintained outside the United States of America by any Obligor or any Subsidiary primarily for the benefit of employees of such Obligor or one or more Subsidiaries residing outside the United States of America, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and (b) is not subject to ERISA or the Code. “Notes Financing Agreements” means the 2009 Note Purchase Agreement and the 2011 Note Purchase Agreement, the notes issued thereunder and the guarantee provided therein, all as amended, modified, replaced or refinanced from time to time. “Obligations” means all obligations of every nature of each Obligor from time to time owed to the Issuing Bank (including former Issuing Bank), or any of them under any Financing Agreement, whether for principal, interest (including interest which, but for the filing of a petition in bankruptcy with respect to such Obligor, would have accrued on any Obligation, whether or not a claim is allowed against such Obligor for such interest in the related bankruptcy proceeding), reimbursement of amounts drawn under Letters of Credit, fees, expen...
Maximum Draw Amount means (i) before the First Amendment Effective Date and after March 1, 2010, $36,000,000 and (ii) on and after the First Amendment Effective Date until and including March 1, 2010, $46,000,000. C. Schedule B to the Letter of Credit Agreement is hereby amended by adding the following definitions in proper alphabetical sequence:
Maximum Draw Amount means U.S.$40,000,000.
Maximum Draw Amount means (i) $100,000,000 from and after the Closing Date, (ii) $150,000,000 from and after May 1, 2017 if, on May 1, 2017, no Cash Flow Sweep Period is then in effect, and (iii) $200,000,000 from and after September 1, 2017 if, on September 1, 2017, no Cash Flow Sweep Period is then in effect.
Maximum Draw Amount means (i) before the First Amendment Effective Date and after March 1, 2010, $36,000,000 and (ii) on and after the First Amendment Effective Date until and including March 1, 2010, $46,000,000.