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.

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.

Maximum Secured Amount means 3.75 times the Trailing Cash Flow Amount, or, if greater and (i) following a Fall Away Event or

Examples of Maximum Secured Amount in a sentence

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

• 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.

• It is the intention of the parties that the Liens granted pursuant to this Deed of Trust and the other Collateral Documents shall not contravene the limitations on Liens set forth in the Indentures, but insofar as such Liens are on Restricted Property (as defined in any of the Indentures) such Liens on Restricted Property will secure an amount of the Secured Obligations equal to the Maximum Secured Amount (as defined in Section 5.12(d) of the Credit Agreement).

• Although the Court has found that Petitioner’s Motion is barred by the collateral attack waiver in his plea agreement with the Government, the Court addresses the merits of his argument, based on ineffective assistance of counsel.

• Notwithstanding the amount of the Loans, the UK Loans and such other Secured Obligations outstanding at any particular time, the Mortgagor acknowledges and agrees that this Mortgage secures the total amount of the Loans, the UK Loans and other Secured Obligations (including the Indenture Secured Obligations) outstanding at any particular time up to the Maximum Secured Amount.

More Definitions of Maximum Secured Amount

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.

Maximum Secured Amount is defined in Recital E.

Maximum Secured Amount means the maximum amount of Secured Obligations that may be secured by Transaction Security over Principal Property without requiring any 2012/2032 Indentures to be equally and ratably secured as provided in Section 3.11 of the 2012/2032 Indentures, taking into account any other “Lien” to secure “Debt” and “Sale and Leaseback Transactions” (as each such term is defined in the 2012/2032 Indentures) that have the effect of reducing the amount of Secured Obligations that may be so secured.

Maximum Secured Amount has the meaning ascribed thereto in Article 2.3 of this Agreement;

Maximum Secured Amount means, with respect to any Restricted Property, as defined in any of the Indentures, the maximum amount of the Obligations that may be secured by a Lien on such Restricted Property without contravention of the Lien restrictions contained in any Indenture under which Indebtedness of the Borrower outstanding on the Effective Date remains outstanding. The Maximum Secured Amount shall, to the extent permitted by the Indentures, be determined as of the date which results in the greatest amount. In determining the Maximum Secured Amount, no effect will be given to any Lien incurred by the Borrower or any Subsidiary subsequent to the Effective Date other than a Lien created by the Collateral Documents.

Maximum Secured Amount has the meaning given to it in Clause 18.1.

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.