M&E Subline Amount definition

M&E Subline Amount means $6,800,000; provided, that such amount shall be permanently reduced by an amount equal to $80,952.38 on July 1, 2023 and on the first day of each month ending thereafter.
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M&E Subline Amount means (a) prior to the Re-Load Date, $54,572,000 (in the event of an Increase made in accordance with Section 2.14, such amount to be increased by the corresponding percentage increase of the Maximum Revolver Amount) (the “M&E Cap”); provided, that such amount shall be permanently reduced by an amount equal to $455,000 on January 31, 2021, and on last day of each month ending thereafter, and (b) on and after the Re-Load Date, the lesser of (x) the M&E Cap and (y) 50% of the NOLV of M&E set forth in the Re-Load Appraisal (the “ReLoad Formula Amount”); provided, that such amount shall be permanently reduced by an amount equal to lesser of (x) $455,000 and (y) 1/120 of the ReLoad Formula Amount on last day of each month ending after the Re-Load Date.
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M&E Subline Amount means $14,885,000; provided, that (i) such amount shall be permanently reduced by an amount equal to $372,125 on December 31, 2018, and on the last day of each fiscal quarter ending thereafter and (ii) no more frequently than once during each 12-month period, the M&E Subline Amount may be increased to an amount not to exceed the lesser of $25,000,000 and 85% of the NOLV of Eligible M&E based on the results of a new Acceptable Appraisal of M&E, so long as, on a pro forma basis after giving effect to such increase, the Fixed Charge Coverage Ratio of Borrowers and their Subsidiaries as of the end of trailing twelve month period most recently ended as to which financial statements were required to be delivered pursuant to this Agreement shall be at least 1.05:1.00. If the M&E Subline Amount is increased pursuant to clause (ii) above, the increased M&E Subline Amount shall be permanently reduced by an amount equal to the increased M&E Subline Amount divided by 40 on the last day of the fiscal quarter in which the M&E Subline Amount was increased and on the last day of each fiscal quarter ending thereafter.
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More Definitions of M&E Subline Amount

M&E Subline Amount means $17,000,000; provided, that such amount shall be permanently reduced by an amount equal to $425,000 on March 31, 2020 and on the last day of each fiscal quarter thereafter.
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M&E Subline Amount means $1,703,476.02; provided, that such amount shall be permanently reduced by an amount equal to $24,335.37 on September 1, 2024 and on the first day of each month ending thereafter.
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Related to M&E Subline Amount

  • L/C Sublimit means an amount equal to $5,000,000. The L/C Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Swing Line Sublimit means an amount equal to the lesser of (a) $25,000,000 and (b) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • L/C Issuer Sublimit means with respect to each L/C Issuer, such amount as may be separately agreed between such L/C Issuer and the Borrower from time to time (with specific notice of such amount, and any change thereto, with respect to each L/C Issuer being promptly communicated to the Administrative Agent), provided that the L/C Issuer Sublimit with respect to any Person that ceases to be an L/C Issuer for any reason pursuant to the terms hereof shall be $0 (subject to the Letters of Credit of such Person remaining outstanding in accordance with the provisions hereof).

  • Swingline Sublimit means an amount equal to the lesser of (a) $15,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

  • Inventory Sublimit means the amount(s) set forth in Section 1(d) of Schedule A.

  • Maximum Swingline Amount means $5,000,000.

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • LC Sublimit means $500,000,000.

  • Credit Amount has the meaning set forth in Section 4.01(b)(ii).

  • Maximum Revolving Credit Amount means, at any particular time, the Revolving Credit Commitments at such time.

  • Letter of Credit Sublimit means an amount equal to the lesser of (a) the Aggregate Revolving Commitments and (b) $25,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Commitment Amount means, as the context may require, the Revolving Loan Commitment Amount, the Letter of Credit Commitment Amount or the Swing Line Loan Commitment Amount.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Maximum Revolving Amount At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage.

  • Foreign Currency Sublimit means $100,000,000.

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.