Maximum Draw Amount definition

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increased by any Available Collections or other amounts if at any time such Available Collections or other amounts are rescinded, unavailable for distribution or must be returned for any reason.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 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increased by any Available Collections or other amounts if at any time such Available Collections or other amounts are rescinded, unavailable for distribution or must be returned for any reason.

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increased by any Available Collections or other amounts if at any time such Available Collections or other amounts are rescinded, unavailable for distribution or must be returned for any reason.

Examples of Maximum Draw Amount in a sentence

• At any time, (a) the Total Commitment minus (b) the Dollar Equivalent of the aggregate principal amount outstanding of all Loans outstanding at such time, minus (c) the Dollar Equivalent of the Maximum Draw Amount, minus (d) the Dollar Equivalent of all Unpaid Reimbursement Obligations.

• At any time, (a) the Total Domestic Commitment minus (b) the aggregate principal amount outstanding of all Domestic Revolving Credit Loans outstanding at such time minus (c) the Dollar Equivalent of the Maximum Draw Amount minus (d) the Dollar Equivalent of all Unpaid Reimbursement Obligations.

• All liabilities of LTI and its Subsidiaries determined on a consolidated basis without duplication in accordance with GAAP and classified as such on the consolidated balance sheet of LTI and its Subsidiaries plus the Maximum Draw Amount of any Letters of Credit minus any consolidated balance sheet liability of LTI and its Subsidiaries related to Consolidated Capitalized Leases.

• If there is no timely demand for arbitration, that Maximum Draw Amount calculated by Landlord shall be deemed correct in all respects and shall no longer be open to challenge by Xxxxxx.

• In connection with any Exchange, the Lenders hereby agree that, as of the applicable Exchange Date, the Maximum Draw Amount shall be increased on a dollar-for dollar basis equal to the Purchase Price paid by Borrower, as set forth in any applicable Exchange Notice.

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 (a) $50,000,000 in the case of Performance-Based Letters of Credit and (b) $60,000,000 in the case of the Financial Letter of Credit.

Maximum Draw Amount means $50,000,000.

Maximum Draw Amount means $36,000,000.

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: