Maximum Permitted Amount definition

Maximum Permitted Amount means the maximum rate agreed between the Proprietor and the NTPF for Long-Term Residential Care Services pursuant to Section 41 of the Act of 2009.

Maximum Permitted Amount shall have the meaning specified in Section 10.30.

Maximum Permitted Amount means, at any time, an amount equal to the sum of (i) the Permitted Amount (as defined in the Stockholders Agreement) and (ii) 42,000,000 (as adjusted for stock splits, stock dividends, reverse stock splits and the like) Common Shares.

Examples of Maximum Permitted Amount in a sentence

• The Company shall not permit, during each period of time specified in the immediately following sentence, the aggregate Consolidated Capital Expenditures for the Company and its Subsidiaries to exceed the Maximum Permitted Amount for such period.

• Notwithstanding anything in the Collateral Documents to the contrary, the aggregate amount of all of the Obligations from time to time secured by the Collateral Documents shall not at any time exceed the Maximum Permitted Amount.

• Notwithstanding the other provisions of this Agreement, in computing loan availability under the Revolving Note, the Bank will subtract from the Maximum Permitted Amount of Revolving Credit the aggregate amount of Revolving Loans outstanding upon the Revolving Note.

• Maximum Permitted Amount of Incentive Funds Article 3 The maximum permitted amounts of incentive funds shall be determined in compliance with the regulations governing the rules for allocation and control of state aid and regulations governing the conditions and method of attracting direct investments.

• For purposes of this Section, the term "Maximum Permitted Amount" shall mean $175,000 per year.

More Definitions of Maximum Permitted Amount

Maximum Permitted Amount means, at any time, the greater of (i) $50 million (minus any amount used to permanently repay First Priority Lien Obligations or permanently reduce the commitments with respect thereto (excluding any and all repayments or reductions made with the proceeds of this offering) , pursuant Section 4.10) and (ii) the sum of (A) 85% of the net book value of accounts receivable, plus (B) 60% of the net book value of the inventory, in each case of the Company and the Guarantors on a consolidated basis, at such time.

Maximum Permitted Amount shall have the meaning given to such terms in Section 8.6.

Maximum Permitted Amount means the lesser of (i) debt service payments associated with the Senior Project Debt for the applicable period for which an advance is requested, plus Operating Expenses, Major Maintenance Expenses and Capital Expenditures up to the amounts for the applicable period as set forth in the Project Budget, but minus balances available in the Capitalized Interest Fund for the payment of interest on the Series 2010 First Tier Bonds and the Series 2011 First Tier Bonds for the applicable period to the extent that a portion of a requested advance is to be used to pay interest on the Series 2010 First Tier Bonds and the Series 2011 First Tier Bonds, minus any Revenues deposited into the Revenue Fund during the applicable period, minus any available amounts in the Annual Operating Budget Account of the Operating Fund, Annual Operating Budget Account of the Major Maintenance Fund, Annual Operating Budget Account of the Capital Expenditures Fund, Major Maintenance Reserve Fund, Rate Stabilization Fund, Capital Expenditures Reserve Fund and General Fund; and (ii) the Maximum Available Annual Amount for the applicable period for which an advance is requested, minus balances in the Capitalized Interest Fund for the payment of interest on the Series 2010 First Tier Bonds and the Series 2011 First Tier Bonds for the applicable period to the extent that a portion of a requested advance is to be used to pay interest on the Series 2010 First Tier Bonds and the Series 2011 First Tier Bonds, minus any Revenues deposited into the Revenue Fund during the applicable period, minus any available amounts in the Annual Operating Budget Account of the Operating Fund, Annual Operating Budget Account of the Major Maintenance Fund, Annual Operating Budget Account of the Capital Expenditures Fund, Major Maintenance Reserve Fund, Rate Stabilization Fund, Capital Expenditures Reserve Fund and General Fund.

Maximum Permitted Amount means (i) $20,000,000 during the fiscal year of the Company ending on or about December 31, 2003 and (ii) $25,000,000 during each fiscal year thereafter (each such amount to include the amount of any capital expenditures made as described in subparagraph (i) of the definition of "Permitted Foreign Subsidiary Support"), and provided that up to $2,500,000 of the Maximum Permitted Amount not incurred by the Company and its Subsidiaries during any fiscal year may be carried over and used to increase the amount of Consolidated Capital Expenditures which may be incurred in the immediately succeeding fiscal year.

Maximum Permitted Amount means (a) $1,500,000 for the fiscal year of the Parent ending on December 31, 1996, (b) $1,500,000 for 34 40 the fiscal year of the Parent ending on December 31, 1997, and (c) shall mean for each subsequent fiscal year, $3,000,000.

Maximum Permitted Amount means, as of the date of any ------------------------ determination thereof, the lesser of : (a) the Maximum Indebtedness - 1997 Indenture; and (b) the Maximum Indebtedness -1996 Indenture.

Maximum Permitted Amount means $40,000,000 initially to be increased annually beginning with the fiscal year ending December 31, 2003 by 15% of Consolidated Net Income up to a maximum amount of $90,000,000.