New Funds Amount definition

New Funds Amount means the amount equal to the product of a Lender’s increased Commitment or a CI Lender’s Commitment (as applicable) represented as a percentage of the aggregate Commitments after giving effect to any Commitment Increase, times the aggregate principal amount of the outstanding Loans immediately prior to giving effect to such Commitment Increase, if any, as of any Commitment Increase Effective Date (without regard to any increase in the aggregate principal amount of Loans as a result of borrowings made after giving effect to such Commitment Increase on such Commitment Increase Effective Date); (ii) “Reducing Percentage Lender” means each then existing Lender immediately prior to giving effect to any Commitment Increase that does not increase its respective Commitment as a result of such Commitment Increase and whose relative percentage of the Commitments shall be reduced after giving effect to such Commitment Increase; and (iii) “Reduction Amount” means the amount by which a Reducing Percentage Lender’s outstanding Loans decrease as of any Commitment Increase Effective Date (without regard to the effect of any borrowings made on such Commitment Increase Effective Date after giving effect to the Commitment Increase occurring on such Commitment Increase Effective Date).

New Funds Amount has the meaning set forth in Section 2.02(d).

New Funds Amount means the amount by which a New Lender’s or an Increasing Lender’s outstanding Loans increase as of a Commitment Increase Effective Date (without regard to any such increase as a result of Borrowings made on such Commitment Increase Effective Date).

Examples of New Funds Amount in a sentence

• Where an Existing Client signs up for Priority Banking during the Promotion Period, fulfils all the requirements under Clause 1 of Section III and selects Asia Miles as the reward for the New Funds Growth Offer in the Designated Webpages, and the New Funds Amount is less than HKD1,000,000, the Existing Client will be entitled to 3,000 Asia Miles.

• Maintain the Total Balance (including the New Funds Amount) from the date of signing up for Priority Banking, until the corresponding Designated Date specified below.

• Where an Existing Client who signs up for Premium Banking during the Promotion Period and fulfils all the requirements under Clause 1 of Section C and selects Asia Miles as the reward for the New Funds Growth Offer in the Designated Webpages, and the New Funds Amount is less than HKD200,000, the Existing Client will be entitled to 2,000 Asia Miles.

• Maintain the new Total Balance at or above the New Funds Amount until at least the relevant corresponding Designated Date stated in the table below:For clients who firstly sign up for Priority Banking and are subsequently upgraded to Priority Private on or before the last day of the next calendar month from the date of signing up for Priority Banking, the Designated Date will be determined based on the Priority Private sign-up date.

• Where an Existing Client signs up for Priority Banking during the Promotion Period, fulfils all the requirements under Clause 1 of Section III and selects Asia Miles as the reward for the New Funds Growth Offer on the Designated Webpages, but the New Funds Amount is less than HKD1,000,000, the Existing Client will be entitled to 3,000 Asia Miles.

More Definitions of New Funds Amount

New Funds Amount means the amount equal to the product of a CI Lender’s increased Commitment or a CI Lender’s new Commitment (as applicable) represented as a percentage of the aggregate Commitments after giving effect to the Commitment Increase, times the aggregate principal amount of the outstanding Loans immediately prior to giving effect to the Commitment Increase, if any, as of a Commitment Increase Effective Date (without regard to any increase in the aggregate principal amount of Loans as a result of borrowings made after giving effect to the Commitment Increase on such Commitment Increase Effective Date).

New Funds Amount the amount equal to the product of a CI Lender’s Commitment represented as a percentage of the aggregate total Commitments after giving effect to the Commitment Increase times the aggregate principal amount of the outstanding Revolving Loans immediately prior to giving effect to the Commitment Increase, if any, as of a Commitment Increase Effective Date (without regard to any increase in the aggregate principal amount of Revolving Loans as a result of any Revolving Borrowings made after giving effect to the Commitment Increase on such Commitment Increase Effective Date).

New Funds Amount has the meaning specified in Section 2.20(d).

New Funds Amount is defined in Section 2.9(d).

New Funds Amount means the amount of credit balance in New Funds deposited by Eligible Client in excess of his/ her Total Balance at the Bank as of the following date (“Benchmark Date”).

New Funds Amount means the amount equal to the product of a Lender’s increased Commitment or a CI Lender’s Commitment (as applicable) represented as a percentage of the aggregate Commitments after giving effect to any Commitment Increase, times

New Funds Amount has the meaning specified in Section 2.15.