TTF Requirements definition
TTF Requirements means, with respect to the end of any fiscal quarter, the sum of: (1) payments required to be made during the twelve-month period following the last day of such fiscal quarter (a) pursuant to contractual commitments to purchase aerospace and railcar assets (including related progress payments) in existence on October 12, 2009, net of any related committed financing and (b) in respect of Qualified Debt Obligations (other than Indebtedness of CIT China under the CIT China Facility to the extent secured by Cash or Cash Equivalents of the Company or any other Restricted Subsidiary); and (2) a reserve of 50% of future obligations under committed and undrawn lines in respect of transactions in which the Company or a Restricted Subsidiary of the Company is lead agent.
TTF Requirements means the sum of: (1) payments to be made during the twelve-month period following the last day of each Fiscal Quarter (x) pursuant to contractual commitments to purchase aerospace and railcar assets (including related progress payments) in existence on October 12, 2009, net of any related committed financing and (y) in respect of Qualified Debt Obligations; and (2) a reserve of 50% of future obligations under committed and undrawn lines in respect of transactions in which CIT or a Restricted Subsidiary is lead agent.
TTF Requirements in Section 1.1 of the Credit Agreement is hereby amended by adding the following phrase to the end of subclause (y) of clause (1) thereof: “(other than Indebtedness of CIT China under the CIT China Facility to the extent secured by Cash or Cash Equivalents of Company or any other Restricted Subsidiary)”
More Definitions of TTF Requirements
TTF Requirements means, with respect to the end of any Fiscal Quarter, the sum of: (1) payments required to be made during the twelve month period following the last day of such Fiscal Quarter (x) pursuant to contractual commitments to purchase aerospace and railcar assets (including related progress payments) in existence on October 12, 2009, net of any related committed financing and (y) in respect of Qualified Debt Obligations; and (2) a reserve of 50% of future obligations under committed and undrawn lines in respect of transactions in which Company or a Restricted Subsidiary of Company is the lead agent.