MWA Minimum Usage Amount definition

MWA Minimum Usage Amount means, an amount equal to 60% of the Maximum Facility Amount; provided that if the Borrower increases the Maximum Facility Amount in accordance with Section 2.15, upon such increase, (x) for the period from the applicable Incremental Commitment Effective Date until the date that is 12 months after such Incremental Commitment Effective Date, only 40% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount and (y) thereafter, 60% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount.
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MWA Minimum Usage Amount means, an amount equal to (A) for the period from the Closing Date until the date that is twelve (12) months after the Closing Date, 0% of the Maximum Facility Amount as of such date, and (B) thereafter, 70% of the Maximum Facility Amount as of such date; provided that if the Borrower increases the Maximum Facility Amount in accordance with Section 2.15, upon such increase, (x) for the period from the applicable Incremental Commitment Effective Date until the date that is twelve (12) months after such Incremental Commitment Effective Date, 40% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount and (y) thereafter, 70% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount.
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MWA Minimum Usage Amount means, an amount equal to (A) for the period from (i) the Sixth Amendment Effective Date up to but excluding the date that is 3 months after the Sixth Amendment Effective Date, 10% of the Maximum Facility Amount, (ii) the date that is 3 months after the Sixth Amendment Effective Date up to but excluding the date that is 6 months after the Sixth Amendment Effective Date, 25% of the Maximum Facility Amount, (iii) the date that is 6 months after the Sixth Amendment Effective Date up to but excluding the date that is 9 months after the Sixth Amendment Effective Date, 30% of the Maximum Facility Amount, (iv) the date that is 9 months after the Sixth Amendment Effective Date up to but excluding the date is 12 months after the Sixth Amendment Effective Date, 40% of the Maximum Facility Amount and (v) the date that is 12 months after the Sixth Amendment Effective Date up to and including the date that is the last day of the Revolving Period, 60% of the Maximum Facility Amount; provided that if the Borrower increases the Maximum Facility Amount in accordance with Section 2.15, upon such increase, (x) for the period from the applicable Incremental Commitment Effective Date until the date that is 12 months after such Incremental Commitment Effective Date, only 40% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount and (y) thereafter, 60% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount.
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More Definitions of MWA Minimum Usage Amount

MWA Minimum Usage Amount means, an amount equal to (A) for the period from the Closing Date until the date that is twelve (12) months after the Closing Date, 0% of the Maximum Facility Amount as of such date, and (B) thereafter, 70% of the Maximum Facility Amount as of such date; provided that if the Borrower increases the Maximum Facility Amount in accordance with Section 2.15, upon such increase, (x) for the period from the applicable Incremental Commitment Effective Date until the date that is twelve (12) months after such Incremental Commitment Effective Date, 40% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount and (y) thereafter, 70% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount. "MWA Percentage" means, with respect to any permanent reduction of the Commitments, the ratio (expressed as a percentage) of (i) the difference of (x) the MWA Minimum Usage Amount
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Related to MWA Minimum Usage Amount

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Minimum Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Total Available Amount With respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date and the amount of all cash or other immediately available funds on deposit in the Reserve Account immediately prior to such Distribution Date.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Minimum Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by (b) the Dilution Horizon Ratio.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • Like Amount means (a) with respect to a redemption of any Trust Securities, Trust Securities having a Liquidation Amount equal to the principal amount of Notes to be contemporaneously redeemed or paid at maturity in accordance with the Indenture, the proceeds of which will be used to pay the Redemption Price of such Trust Securities, (b) with respect to a distribution of Notes to Holders of Trust Securities in connection with a dissolution of the Trust, Notes having a principal amount equal to the Liquidation Amount of the Trust Securities of the Holder to whom such Notes are distributed and (c) with respect to any distribution of Additional Interest Amounts to Holders of Trust Securities, Notes having a principal amount equal to the Liquidation Amount of the Trust Securities in respect of which such distribution is made.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of:

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

  • FX Reduction Amount is defined in Section 2.1.3.

  • Excess Available Funds Percentage means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.

  • Excess Concentration Amount means, as of any date of determination on which any one or more of the Concentration Limitations are exceeded, an amount (calculated by the Servicer and without duplication) equal to the Dollar Equivalent of the portion of the Adjusted Principal Balance of each Eligible Collateral Loan that causes such Concentration Limitation to be exceeded.

  • Minimum L/C Collateral Amount means, at any time, in connection with any Letter of Credit, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 102% of the Revolving L/C Exposure with respect to such Letter of Credit at such time and (ii) otherwise, an amount sufficient to provide credit support with respect to such Revolving L/C Exposure as determined by the Administrative Agent and the Issuing Banks in their sole discretion.

  • Interest Coverage Amount The amount to be paid by the Depositor to the Trustee for deposit into the Interest Coverage Account on the Closing Date pursuant to Section 4.08, which amount is $____________.