Revolving Reduction Amount definition

Revolving Reduction Amount has the meaning specified in Section 2.07(b)(v).
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Revolving Reduction Amount means USD33,743,857.04 multiplied by the ratio of the Valuation Amount of the Relevant Vessel obtained by the Security Trustee as at 23 October 2007 divided by the aggregate of the Valuation Amounts of “NAVIOS ASTERIKS”, “NAVIOS AURORA” and “NAVIOS ORBITER” on that date.
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Revolving Reduction Amount means USD33,743,857.04 multiplied by the ratio of the Valuation Amount of the Relevant Vessel obtained by the Security Trustee as at 23 October 2007 divided by the aggregate of the Valuation Amounts of “NAVIOS ASTERIKS”, “NAVIOS AURORA” and “NAVIOS ORBITER” on that date.4.4.1 If on the Final Date relating to either Relevant Vessel, such Relevant Vessel is not subject to a Mortgage then on that Final Date:
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Examples of Revolving Reduction Amount in a sentence

  • The Revolving Facility shall be reduced by the Revolving Reduction Amount, and if the Revolving Loan then exceeds the Revolving Facility, then the Borrower shall repay the amount of that excess.


More Definitions of Revolving Reduction Amount

Revolving Reduction Amount means, as to each applicable Quarterly Payment Date, an amount equal to 5.70% of the Revolving Commitment on September 30, 2005 (prior to giving effect to the reductions thereto scheduled to occur on that date), provided that, if the Revolving Commitment is thereafter increased in accordance with Section 2.8, the Revolving Reduction Amount for each Quarterly Payment Date occurring following such increase shall also be increased in the same proportion which (a) the amount of the Revolving Commitment (as so increased), bears to (b) the Revolving Commitment (as in effect immediately prior to the increase).
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Related to Revolving Reduction Amount

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

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

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

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

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Maximum Revolving Advance Amount means $35,000,000.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.