M&E Component means, at the time of any determination, an amount allocable to the machinery and equipment of the Borrower and the Guarantors, which amount shall be equal to not less than $200,000,000, subject to adjustment: (i) from time to time upon receipt of periodic valuation updates received from the Agent's internal or third party asset valuation experts; or (ii) concurrent with the sale or commitment to sell any assets constituting part of the M&E Component.
M&E Component means, at the time of any determination, an amount equal to the lesser of (a) $75,000,000 multiplied by the M&E Amortization Factor at such time and (b) an amount equal to (i) 85% of the Net Orderly Liquidation Value of the Loan Parties’ Eligible Equipment multiplied by (ii) the M&E Amortization Factor at such time. It is hereby understood and agreed that any appraisal of Equipment conducted after the Effective Date shall result in the M&E Component being revalued at the lower of (i) the M&E Component immediately prior to (and without giving effect to) such appraisal and (ii) the M&E Component calculated after giving effect to such appraisal (and, in any event, such appraisal shall not result in an increase in the value of the M&E Component).
M&E Component means, at the time of any determination, an amount equal to the lesser of (a) $100,000,000 multiplied by the M&E Amortization Factor at such time and (b) an amount equal to (i) 85% of the Net Orderly Liquidation Value of the Loan Parties’ Eligible Equipment multiplied by (ii) the
Examples of M&E Component in a sentence
The DA needed to hold the amount for the M&E Component and the US$5,384,400 of unused balance for the Fertilizer Component, to be used for fertilizer import in 2010.
Potential mitigation activities include price information dissemination through the Ethiopia Commodity Exchange (ECX) and information collected under the M&E Component disseminated; and, as the fertilizer imported is tendered in batches, later batches can be reduced accordingly.
Second, a small but important Monitoring and Evaluation (M&E) Component (about US$0.4 million) will track the fertilizer imports, the various steps along the input distribution system, and enable an assessment of the impact of the project for the beneficiary farm households.
The Monitoring and Evaluation (M&E) Component is responsible for assessing the performance of the program and achievement of desired results.
The M&E Component would track the importation and distribution of fertilizers (and of complementary inputs) and assess the efficiency of the distribution system as well as the revealed demand by the farmer beneficiaries, and evaluate the impact of the Project on the farm beneficiaries.
More Definitions of M&E Component
M&E Component means the lesser of (a) $8,600,000 and (b) 80.0% of the NOLV of Eligible M&E (net of Reserves with respect to M&E not already reflected in the determination of the NOLV); provided, that the amount in clause (a) shall be reduced (i) by an amount equal to $250,000 on each of July 31, 2014, October 31, 2014, January 31, 2015, and April 30, 2015 and (ii) by an amount equal to $312,500 on July 31, 2015 and on the last day of each October, January, April and July thereafter.
M&E Component means, at the time of any determination, an amount equal to the lesser of (a) $100,000,000 multiplied by the M&E Amortization Factor at such time and (b) an amount equal to (i) 85% of the Net Orderly Liquidation Value of the Loan Parties’ Eligible Equipment multiplied by (ii) the M&E Amortization Factor at such time. It is hereby understood and agreed that any appraisal of Equipment conducted after the Effective Date (including, without limitation, the M&E Initial Appraisal) shall result in the M&E Component being revalued at the lower of (i) the M&E Component immediately prior to (and without giving effect to) such appraisal and (ii) the M&E Component calculated after giving effect to such appraisal (and, in any event, such appraisal shall not result in an increase in the value of the M&E Component).
M&E Component means, at the time of any determination, (a) prior to the M&E Inclusion Date, an amount equal to zero ($0) and(b) on or after the M&E Inclusion Date, an amount equal to the lesser of (x) the result of (i) 85% of the Net Orderly Liquidation Value of the Borrowers' Eligible Equipment minus (ii) the sum of (1) Reserves established by the Administrative Agent in its Permitted Discretion and(2) the aggregate amount of M&E Amortization attributable to Eligible Equipment included in the determination of clause (x)(i) and (y) 7,500,000.
M&E Component means, at the time of any determination, an amount equal to the lesser of (a) $100,000,000 multiplied by the M&E Amortization Factor at such time and (b) an amount equal to (i) 85% of the Net Orderly Liquidation Value of the Loan Parties’ Eligible Equipment multiplied by (ii) the M&E Amortization Factor at such time. It is hereby understood and agreed that any appraisal of Equipment conducted after the Effective Date shall result in the M&E Component being revalued at the lower of (i) the M&E Component immediately prior to (and without giving effect to) such appraisal and (ii) the M&E Component calculated after giving effect to such appraisal (and, in any event, such appraisal shall not result in an increase in the value of the M&E Component).
M&E Component means, at the time of any determination, (a) prior to the M&E Inclusion Date, an amount equal to zero ($0) and (b) on or after the M&E Inclusion Date, an amount equal to the lesser of (x) the result of (i) 85% of the Net Orderly Liquidation Value of the Borrowers' Eligible Equipment minus (ii) the sum of (1) Reserves established by the Administrative Agent in its Permitted Discretion and (2) the aggregate amount of M&E Amortization attributable to Eligible Equipment included in the determination of clause (x)(i) and (y) 7,500,000.
M&E Component at the time of any determination, an amount equal to the lesser of (i) 25% of the Liquidation Value of certain machinery and equipment owned by the Company, all as determined in good faith by the Administrative Agent from time to time, (ii) $7,000,000, and (iii) 10% of the Total Revolving Credit Commitments.
M&E Component means (a) until such time as the Administrative Agent shall have received an initial appraisal of the Borrowers’ Eligible Equipment from an appraiser reasonably satisfactory to the Administrative Agent, $0, and (b) from and after the Administrative Agent’s receipt of an initial appraisal of the Borrowers’ Eligible Equipment from an appraiser satisfactory to the Administrative Agent, an amount equal to the lesser of (i) $15,000,000 and (ii) an amount determined from time to time by the Administrative Agent in its Permitted Discretion (it being understood that the Administrative Agent may from time to time, in its Permitted Discretion, adjust the amount of the M&E Component upon receipt of subsequent appraisals of the Borrowers’ Eligible Equipment).”