Applicable Sum definition
Applicable Sum means, as of any date, the sum of (i) the Applicable Cash as of such date and (ii) the Available Revolving Commitment as of such date.
Applicable Sum means, as the context may require, either the Stipulated Loss Value or the Special Termination Value; “Approved Valuer” means Clarkson Platou Shipbroking, Nordic Shipping, Arrow Shipbrokers, Fearnleys Shipbroker, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ (SSY) Shipbrokers, VesselsValue, MB Shipbrokers or such other independent first class valuer as may be appointed by the Agent in consultation with the Owners; “Builder” means Hanwha Ocean Co., Ltd. (formerly Daewoo Shipbuilding & Marine Engineering Co., Ltd.); “Business Day” has the meaning given to that term in the Loan Agreement; “Change in Law” means any enactment, introduction, adoption, abolition, making or variation of, or any change in, deletion from or amendment or addition to, any Applicable Law (whether or not having the force of law, but in respect of which compliance is generally customary) or any change in or any new or further or different interpretation or application of any thereof by any court, tribunal, central bank, tax, fiscal, monetary, financial services supervisory or other competent authority in any applicable jurisdiction or compliance with any request, requirement, guidance or guideline (whether or not having the force of law, but in respect of which compliance is generally customary) of any central bank, tax, fiscal, monetary, financial services or other competent authority, in each case, in any applicable jurisdiction, and in each case from that existing as at the date of this Agreement; “Change of Control Event” means: (a) the Charterer ceases to be 100% owned and controlled directly or indirectly by the Charterer Guarantor; or (b) if at any time any other entity or entities acting in concert (other than one or several of the Sponsors) without the prior written approval of all the Lenders directly or indirectly either has or acquires: (i) more than one third (1/3) of the voting shares of the Charterer Guarantor; or
Applicable Sum has the meaning set forth in Section 2.7(e)(ii).
Examples of Applicable Sum in a sentence
The Issuer shall be responsible for making all calculations called for under the Notes and the Indenture, including but not limited to determination of redemption price, premium, if any, Applicable Premium, if any, interest, determination of how much interest shall be payable as PIK Interest or Cash Interest and any additional amounts or other amounts payable on the Notes and the Applicable Sum.
After giving pro forma effect to the use of proceeds of such extension of credit, the Applicable Sum shall not be less than $15,000,000.
Permit the Applicable Sum (x) to be less than $15,000,000 for more than three consecutive Business Days without notifying the Administrative Agent in writing of the same within two Business Days after such three consecutive Business Day period or (y) to be less than $15,000,000 as of the last Business Day of any month.
More Definitions of Applicable Sum
Applicable Sum means, as the context may require, either the Stipulated Loss Value or the Special Termination Value; “Approved Valuer” means Clarkson Platou Shipbroking, Nordic Shipping, Arrow Shipbrokers, Fearnleys Shipbroker, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ (SSY) Shipbrokers, VesselsValue or such other independent first class valuer as may be appointed by the Agent in consultation with the Owners; “Builder” means Samsung Heavy Industries Co., Ltd.; “Business Day” has the meaning given to that term in the Loan Agreement; “Change in Law” means any enactment, introduction, adoption, abolition, making or variation of, or any change in, deletion from or amendment or addition to, any Applicable Law (whether or not having the force of law, but in respect of which compliance is generally customary) or any change in or any new or further or different interpretation or application of any thereof by any court, tribunal, central bank, tax, fiscal, monetary, financial services supervisory or other competent authority in any applicable jurisdiction or compliance with any request, requirement, guidance or guideline (whether or not having the force of law, but in respect of which compliance is generally customary) of any central bank, tax, fiscal, monetary, financial services or other competent authority, in each case, in any applicable jurisdiction, and in each case from that existing as at the date of this Agreement; “Change of Control Event” means: (a) the Charterer ceases to be 100% owned and controlled directly or indirectly by the Charterer Guarantor; or (b) if at any time any other entity or entities acting in concert (other than any company controlled directly or indirectly by the ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Family) without the prior written approval of all the Lenders directly or indirectly either has or acquires: (i) more than one third (1/3) of the voting shares of the Charterer Guarantor; or