Maximum Tranche Amount definition

Maximum Tranche Amount means, subject to any other applicable limitations set forth in this Agreement, the Maximum Placement less the amount of any previously noticed and funded Tranches.

Maximum Tranche Amount means the Maximum Tranche A Amount and the Maximum Tranche B amount.

Maximum Tranche Amount means:- (a) in relation to Tranche A, the lesser of (i) forty million Dollars ($40,000,000) and (ii) fifty per centum (50%) of the Market Value of Vessel A ; and (b) in relation to Tranche B, the lesser of (i) fifty million Dollars ($50,000,000) and (ii) fifty per centum (50%) of the Market Value of Vessel B.

Examples of Maximum Tranche Amount in a sentence

• Subject to the Maximum Tranche Amount, the Maximum Placement and the other conditions and limitations set forth in this Agreement, at any time beginning on the effective date of the Registration Statement, the Company may, in its sole and absolute discretion, elect to exercise one or more individual purchases of Preferred Shares under this Agreement (each a “Tranche”) according to the following procedure.

• Subject to the Maximum Tranche Amount, the Maximum Placement and the other conditions and limitations set forth in this Agreement, at any time beginning on the Effective Date, the Company may, in its sole and absolute discretion, elect to exercise one or more individual purchases of Preferred Shares under this Agreement (each a “Tranche”) according to the following procedure.

• The Maximum Tranche Amount available for Drawdown shall be reduced in accordance with Schedule 7 (Repayment Schedule) and may not at any time exceed the amount set out in column "Available amount" applicable for a Drawdown at the applicable time.

• Subject to the Maximum Tranche Amount, the Maximum Placement and the other conditions and limitations set forth in this Agreement, at any time beginning on the effective date of the Registration Statement, the Company may, in its sole and absolute discretion, elect to exercise one or more individual purchases by Investor of Debentures, or if Preferred Stock is authorized, of Preferred Shares under this Agreement (each a “Tranche”) according to the following procedure.

• Subject to the Maximum Tranche Amount, the Purchase Price and the other conditions and limitations set forth in this Agreement, at any time beginning on the Effective Date, the Investor may, in its sole and absolute discretion, elect to exercise one or more individual purchases of Preferred Shares under this Agreement (each a “Tranche”) according to the following procedure.

More Definitions of Maximum Tranche Amount

Maximum Tranche Amount means, at any time of determination and with respect to each Tranche of a Term Loan on any date of delivery of a Notice of Borrowing, an amount not to exceed an amount equal to one hundred percent (100%) of the present value of the sum of: (i) the aggregate outstanding principal balance of each Eligible Insurance Premium Loan to be financed hereunder by such requested Tranche, plus (ii) the Origination Fees with respect to each such Eligible Insurance Premium Loan, plus (iii) the Collateral Value Policy and the Contingent Collateral Value Policy premium reimbursement amounts payable, directly or indirectly, by the Premium Finance Borrower to the Originator in respect of each such Eligible Insurance Premium Loan, plus (iv) the amount of interest that is reasonably expected to be due on the scheduled maturity date of such Eligible Insurance Premium Loan to be financed hereunder by such requested Tranche; provided however, that the Maximum Tranche Amount with respect to such Eligible Insurance Premium Loans shall at no time exceed one hundred percent (100%) of the present value of the sum of (i) the Covered Loan Amount with respect to such Eligible Insurance Premium Loans to be financed by such Tranche, and (ii) the Aggregate Interest Amounts of such Eligible Insurance Premium Loans at the maturity date of such Eligible Insurance Premium Loans. For purposes of determining present value, the Weighted Average Interest Rate for a Tranche shall be used as the discount rate.

Maximum Tranche Amount means, with respect to each Tranche of the Term Loan in connection with an Insurance Premium Loan on any date of delivery of a Notice of Borrowing, an amount not to exceed an amount equal to one hundred percent (100%) of present value of the sum of: (i) the outstanding principal balance of the Insurance Premium Loan to be financed hereunder by such requested Term Loan, plus (ii) the Origination Fee with respect to such Insurance Premium Loan, plus (iii) the Collateral Value Policy and the Contingent Collateral Value Policy premium reimbursement amounts payable, directly or indirectly, by the Premium Finance Borrower to the Originator in respect of such Insurance Premium Loan, to the extent financed by such requested Term Loan, plus (iv) the amount of interest that is reasonably expected to be due on the scheduled maturity date of the Insurance Premium Loan to be financed hereunder by such requested Term Loan; provided, however, that the Maximum Tranche Amount with respect to any Insurance Premium Loan shall at no time exceed one hundred percent (100%) of the present value of the sum of (A) Covered Loan Amount with respect to the Insurance Premium Loan to be financed hereunder by such Term Loan and (B) the Aggregate Interest Amount at the maturity of such Insurance Premium Loan. For purposes of determining present value, a discount rate of twenty-two and 25/1000 percent (22.025%) shall be used and the amounts shall be present valued back to January 30, 2009.

Maximum Tranche Amount means, subject to any other applicable limitations set forth in this Agreement, the Purchase Price less the amount of any previously noticed and funded Tranches.

Maximum Tranche Amount means, in respect of:

Maximum Tranche Amount means five hundred and ten million Dollars (USD510,000,000), in the case of Tranche 1, and one hundred million Dollars (USD100,000,000), in the case of Tranche 2;

Maximum Tranche Amount means the Maximum Tranche A Amount, the Maximum Tranche B Amount, Maximum Tranche C Amount and the Maximum Tranche D Amount.

Maximum Tranche Amount means, in relation to a Tranche: