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

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.

• If the aggregate amount advanced to the Borrower for a Tranche is less than the relevant Maximum Tranche Amount, then the amount of the Repayment Instalments relating to that Tranche shall be reduced pro rata to the amount actually advanced.

• 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.

More Definitions of Maximum Tranche Amount

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, 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 an amount equal to the lower of:

Maximum Tranche Amount means as of any date an amount equal to (x) the Tranche Amount for such Tranche, minus (y) an amount equal to the principal balance of all loans outstanding for such Tranche made to the Borrower under this Agreement as of such date and minus (z) an amount equal to all principal amounts prepaid on the Note applicable to such Tranche in accordance with Section 4.8 as of such date.

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 (x) in the case of Insurance Premium Loans financed by Loans made prior to the Third Amendment Effective Date, twenty-one and 951/1000 percent (21.951%) shall be used and the amounts shall be present valued back to January 30, 2009 and (y) in the case of Insurance Premium Loans financed by Loans made on or after the Third Amendment Effective Date, twenty-one and 25/1000 percent (21.025%) shall be used and the amounts shall be present valued back to September 1, 2009.”

Maximum Tranche Amount means in relation to a Tranche, an amount of up to the lower of (a) $33,333,333, (b) 83.33 per cent. of the Fair Market Value of the Ship relevant to that Tranche at its Delivery Date and (c) an amount which, when aggregated with the amount of the relevant Junior Tranche, does not exceed 100 per cent. of the Fair Market Value of the relevant Ship at its Delivery Date;