Purchase Sublimit definition

Purchase Sublimit means, with respect to each Account Debtor, the dollar amount set forth on Schedule II to this Agreement as the “Purchase Sublimit,” as such Schedule may be modified or supplemented from time to time, as approved in advance by the Buyer in writing in its sole and absolute discretion.
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Purchase Sublimit means, with respect to each Account Debtor, the dollar amount set forth on Schedule II to this Agreement as the “Purchase Sublimit,” as such Schedule may be modified or supplemented from time to time, as agreed to in writing by the Sellers and the Buyer in their respective sole and absolute discretion. “Purchased Receivables” has the meaning set forth in Section 1(a) hereof. “Receivable” means any right to payment of a monetary obligation, whether or not earned by performance, owed to any Seller or the Buyer (as assignee of Seller) by an Account Debtor, whether constituting an account, instrument, document, contract right, chattel paper, payment intangible or general intangible, in each instance arising in connection with the sale of goods that have been or are to be sold or for services rendered or to be rendered, and includes, without limitation, the obligation to pay any finance charges, fees and other charges with respect thereto, together with the Seller’s rights in all Related Security with respect thereto, and with respect to each of the foregoing, all Collections and proceeds thereof. Any such right to payment arising from any one transaction, including any such right to payment represented by an individual invoice or agreement, shall constitute a Receivable separate from a Receivable consisting of any such right to payment arising from any other transaction. Exhibit A- 6 734109631 19632855
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Purchase Sublimit means, with respect to each Account Debtor, the dollar amount set forth on Schedule II to this Agreement as the Purchase Sublimit, as such Schedule may be modified or supplemented from time to time (i) upon request of the Sellers, as approved in advance by the Administrative Agent and the Buyers in writing in their sole and absolute discretion in accordance with the terms of this Agreement or (ii) as otherwise provided in this Agreement.
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Examples of Purchase Sublimit in a sentence

  • Advances under the Equipment Purchase Sublimit shall be repaid in accordance with the terms of Section 4.3 below.

  • If an advance is made under the Equipment Purchase Sublimit during the Initial Draw Period, the unfunded balance of the Equipment Purchase Sublimit will remain available to Borrower for the twelve (12) month period following the date of the first such advance thereunder.

  • Provided that no Event of Default shall have occurred and be continuing, such refund will be made by application of the excessive amount of interest paid against the outstanding principal balance of the Line (excluding that portion outstanding under the Equipment Purchase Sublimit).

  • Borrower agrees to use advances under the Line (a) to repay existing Indebtedness in an aggregate amount of approximately Twenty-One Million Six Hundred Thousand Dollars ($21,600,000.00) owed by Borrower to SunTrust Bank, Central Florida, National Association and SouthTrust Bank of Alabama, National Association, (b) for working capital purposes, and (c) with respect to advances under the Equipment Purchase Sublimit, the purchase of equipment for use in Borrower's operations.

  • In addition to Section 4.2 above, Borrower will repay all advances under the Equipment Purchase Sublimit in thirty-six (36) equal and consecutive monthly installments of principal, commencing on the first anniversary of the date of the first draw under the Equipment Purchase Sublimit and continuing on the same day of each of the next thirty-five (35) consecutive months.

  • For Revolving Sublimit and Installment Purchase Sublimit, when calculating the Interest for using the Loan, the actual number of days per month (according to the calendar) is taken into account, with the year being taken as equal to three hundred and sixty calendar days.

  • Florida Corporation consents to Utah Corporation’s ownership, use, licensing and federal and state registrations, and Utah Corporation Affiliates use, currently and in the future, of marks and names that use the words MED ONE, MED ONE CAPITAL, MED ONE RENTALS, MED ONE MEDICAL and MED ONE MARKETING, with and without other words, in connection with the services set forth in section 1 of this Agreement, including, without limitation, federal service mark registration application serial number 77252900.

  • If no advance is made under the Equipment Purchase Sublimit on or before March 10, 1998 (the period from the date hereof through and including March 10, 1998 being the "Initial Draw Period"), the Equipment Purchase Sublimit will no longer be available to Borrower.

  • Purchases of several goods, works or services within the Installment Purchase Sublimit cannot exceed fifty purchases.

  • Notwithstanding anything herein to the contrary, the total combined amount outstanding under the Letter of Credit Sublimit, the Cash Management Sublimit, the FX Sublimit and the Receivables Purchase Sublimit may not exceed a combined total of $25,000,000 (the ‘Overall Sublimit’).


More Definitions of Purchase Sublimit

Purchase Sublimit. The dollar amount concentration limits set forth in Schedule II hereto with respect to the applicable Account Debtor.
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Purchase Sublimit. With respect to any Account Debtor, the dollar amount as agreed upon by Seller Representative and Purchaser with respect to such Account Debtor.
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Purchase Sublimit has the meaning set forth in Section 2.1.5.
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Purchase Sublimit. The dollar amount set forth in Schedule I or Schedule II hereto with respect to the applicable Account Debtor.
Sample 1

Related to Purchase Sublimit

  • 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.

  • 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.

  • Sublimit means the aggregate amount of Warehousing Advances (expressed as a dollar amount or as a percentage of the Warehousing Commitment Amount) that is permitted to be outstanding at any one time against a specific type of Eligible Loan.

  • 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).

  • LC Sublimit means $500,000,000.

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

  • 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.

  • 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.

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

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

  • Issuing Bank Sublimit means, as of the Effective Date, (i) $2,500,000, in the case of Chase and (ii) in the case of any other Issuing Bank, such amount as shall be designated to the Administrative Agent and the Borrower in writing by such Issuing Bank; provided that any Issuing Bank shall be permitted at any time to increase or reduce its Issuing Bank Sublimit upon providing five (5) days’ prior written notice thereof to the Administrative Agent and the Borrower.

  • 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.

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

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

  • Aggregate Commitment Amount means, as of any date, the aggregate of all Commitment Amounts as of such date. On the Effective Date, the Aggregate Commitment Amount is $125,000,000.

  • Swing Line Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.

  • 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.

  • Swing Line Outstandings means, as of any date of determination, the aggregate principal amount of all Swing Line Loans then outstanding.

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

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Swingline Commitment the obligation of the Swingline Lender to make Swingline Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • 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.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Total Revolving Outstandings means the aggregate Outstanding Amount of all Revolving Loans, all Swing Line Loans and all L/C Obligations.