Maximum Secured Amount definition

Maximum Secured Amount means 3.75 times the Trailing Cash Flow Amount, or, if greater and (i) following a Fall Away Event or (ii) during a period in which covenants do not apply as a result of the occurrence of the event described in the second paragraph of Section 4.21 of this Indenture, 15% of the Company’s Consolidated Net Tangible Assets.
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Maximum Secured Amount means 3.50 times the Trailing Cash Flow Amount, or, if greater and following a Suspension Event, 15% of the Company’s Consolidated Net Tangible Assets.
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Maximum Secured Amount means at any time (i) if EDBS at such time has a rating or has received in writing an indicative rating on the 1999 EDBS Notes or the EDBS Exchange Notes of both "Ba3" from Moody's and "BB-" from S&P, an amount equal to the greater of (x) the product of 1.25 times the Trailing Cash Flow Amount and (y) $500 million and (ii) in the event that EDBS does not have both of such ratings or indicative ratings at such time, $500 million.
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Examples of Maximum Secured Amount in a sentence

  • If the aggregate amount of the Pledged Share received upon any enforcement of the Pledged Share by the Security Agent is insufficient to pay or discharge the Secured Obligations in full for any reason, the Pledgor shall not have any liability under this Agreement to pay or otherwise make good any such insufficiency in excess of the Maximum Secured Amount.

  • Notwithstanding anything to the contrary herein or in any other Debt Document, prior to the 2012/2032 Final Notes Redemption, the Secured Obligations secured by Security over Principal Property shall not exceed the lesser of (i) the Maximum Secured Amount, and (ii) the Cap Amount and shall secure the Secured Obligations in the order set out in Clause 14.1 (Order of application).

  • The Company represents and warrants that, as of the date of this Agreement, the Maximum Secured Amount is not less than the Cap Amount.

  • If any debt (other than the Endo Secured Intercompany Proceeds Loan) is secured by the Collateral on a junior priority basis, the respective Intercreditor Agreement shall be required to acknowledge that the Endo Maximum Secured Amount shall be entirely allocated to the Secured Obligations and any other debt secured equally and ratably therewith until paid in full in cash.

  • It is understood and agreed that amounts realized upon enforcement of any such security shall be distributed in accordance with the terms hereof or of the Intercreditor Agreement, as the case may be, but in no event shall the amount secured for purposes hereof and thereof exceed the Endo Maximum Secured Amount at such time.


More Definitions of Maximum Secured Amount

Maximum Secured Amount means 3.75 times the Trailing Cash Flow Amount, or, if greater and (i) following a Fall Away Event or
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Maximum Secured Amount is defined in Recital E.
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Maximum Secured Amount means, as of any date of determination, the maximum amount of Indebtedness (other than Subordinated Obligations) that, as of such date, and after giving pro forma effect to such incurrence as of such date and to the use of proceeds therefrom, would not cause SBA Senior Finance’s Debt to Adjusted Consolidated Cash Flow Ratio to exceed 5.5 to 1.0.
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Maximum Secured Amount means at any time (i) if the Company at such time has a rating or has received in writing an indicative rating on the Notes of both "Ba3" from Moody's and "BB-" from S&P, an amount equal to the greater of (x) the product of 1.25 times the Trailing Cash Flow Amount and (y) $500 million and (ii) in the event that the Company does not have both of such ratings or indicative ratings at such time, $500 million.
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Maximum Secured Amount has the meaning ascribed thereto in Article 2.3 of this Agreement;
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Maximum Secured Amount means at any time (i) in the event the Company at such time has a rating or has received in writing an indicative rating on all outstanding Notes of both "Ba3" from Moody's and "BB-" from S&P, an amount equal to the greater of (x) the product of 1.25 times the Trailing Cash Flow Amount and (y) $500 million and (ii) in the event the Company does not have both of such ratings or indicative ratings at such time, $500 million.
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Maximum Secured Amount has the meaning given to it in Clause 18.1.
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