Examples of Sublimit B in a sentence
Hence, efforts were made to increase the female participation, but due to the fact that lower strength of the female officers in the departments of the jurisdiction states is reflected in the poor participation of training programme.Table-11 : Distribution of The Participation From The Different Departments GenderOn CampusOff CampusCollaborativeConsultancyThe course wise details of the participants from different gender are given in Appendix-4.
Mortgage Loans that initially are funded under Sublimit B are not charged twice when subsequently funded under Sublimit A or Sublimit E.
The sub-limits set out in the Transaction Criteria (Sub-limit A, Sub-limit B and Sub-limit C) will apply to the issue of Trade LCs. The Trade Finance Facility may not be drawn in cash.
SCHEDULE 1 TRANSACTION CRITERIA3 Criterion Sub-limit A Sub-limit B Sub-limit C General Compliance with Transaction Criteria generally to be determined by Fronting Banks, with any material deviations to be approved by the Majority Participants.
Financial covenants to include, but not be limited to: Minimum Debt Service Coverage Ratio (if Sublimit B is funded) Maximum Funded Debt to EBITDA of 3.0:1 Minimum Current Ratio of 1.50:1 Minimum Tangible Net Worth of $7,000,000 plus 50% of net income for each fiscal year.
Mortgage Loans that initially are funded under Sublimit B are not charged twice when subsequently funded under Sublimit A or Sublimit C.
The Facility will consist of the following Sublimits: Sublimit A: $5,000,000 for working capital purposes Sublimit B: $5,000,000 for support of acquisitions * * All acquisitions will be reviewed by Bank for approval on a case-by-case basis.
The Commitment Amount will be sub-divided into a Five Hundred Thousand Dollar ($500,000) credit facility to finance domestic and Canadian accounts receivables (herein "Sublimit A") and a One Million Five Hundred Thousand Dollar ($1,500,000) credit facility to finance accounts receivable and inventory created by export sales (herein "Sublimit B").
Each Advance will be in a principal amount for Facility A: not greater than 100% of the amount of the related Investor Take-Out Commitment up to 100% of the note amount; for Sub-limit B: not greater than 100% of the note amount, and; for Facility C: not greater than 100% of the loan amount.
Paragraph 7 of the First Amendment to Loan Agreement dated as of October 31, 1996 is hereby amended by deleting the references in such paragraph to "Sublimit A" and "Sublimit B".