Applicable Trigger Amount definition

Applicable Trigger Amount means, with respect to any test of Availability hereunder by reference to the Applicable Trigger Amount at a specified Level, the following:
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Applicable Trigger Amount means, with respect to any test of Availability hereunder by reference to the Applicable Trigger Amount at a specified Level, the following: I Greatest of: 10.0% of the Maximum Credit Amount $ 32,000,000 II Greatest of: 12.5% of the Maximum Credit Amount $ 40,000,000 III Greatest of: 15.0% of the Maximum Credit Amount $ 48,000,000 IV Greatest of: 17.5% of the Maximum Credit Amount $ 56,000,000 V Greatest of: 20.0% of the Maximum Credit Amount $ 64,000,000 “Approved Fund” has the meaning assigned to such term in Section 9.04.
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Applicable Trigger Amount means, with respect to any test of Availability hereunder by reference to the Applicable Trigger Amount at a specified Level, the following: I Greater of: 8.0% of the Maximum Credit Amount $20,000,000 II Greater of: 10.0% of the Maximum Credit Amount $25,000,000 III Greater of: 12.5% of the Maximum Credit Amount $31,250,000 IV Greater of: 20.0% of the Maximum Credit Amount $50,000,000 “Approved Fund” has the meaning assigned to such term in Section 9.04.
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Examples of Applicable Trigger Amount in a sentence

  • Notwithstanding anything to the contrary in the Credit Agreement, (a) as of the Agreement Effective Date through and including August 16, 2020, Aggregate Availability shall equal or exceed the Applicable Trigger Amount (Level II) at all times and (b) as of August 17, 2020 through and including September 15, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Availability shall equal or exceed the Applicable Trigger Amount (Level I) at all times.


More Definitions of Applicable Trigger Amount

Applicable Trigger Amount with respect to any test of Availability or Excess Cash Availability hereunder by reference to the Applicable Trigger Amount at a specified Level, the following: I Greater of: 10.0% of the Revolver Commitment $50,000,000 II Greater of: 15.0% of the Revolver Commitment $75,000,000
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Applicable Trigger Amount means, with respect to any test of Availability hereunder by reference to the Applicable Trigger Amount at a specified Level, the following: I Greatest of: 10.0% of the Maximum Credit Amount 8.0% of the Aggregate Commitments $ 20,000,000 II Greatest of: 12.5% of the Maximum Credit Amount 9.5% of the Aggregate Commitments $ 23,800,000 III Greatest of: 15.0% of the Maximum Credit Amount 12.0% of the Aggregate Commitments $ 30,000,000 IV Greatest of: 20.0% of the Maximum Credit Amount 17.0% of the Aggregate Commitments $ 42,500,000 “Approved Fund” has the meaning assigned to such term in Section 9.04.
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Applicable Trigger Amount means, with respect to any test of Availability hereunder by reference to the Applicable Trigger Amount at a specified Level, the following: I Greater of: 10.0% of the Maximum Credit Amount $ 20,000,000 II Greater of: 12.5% (or, solely with respect to Restricted Payments, 15.0%) of the Maximum Credit Amount $ 30,000,000 III Greater of: 12.5% of the Maximum Credit Amount $ 37,500,000 IV Greater of: 15.0% (or, solely with respect to Restricted Payments, 20.0%) of the Maximum Credit Amount $ 42,500,000 V Greater of: 15.0% of the Maximum Credit Amount $ 50,000,000 “Approved Fund” has the meaning assigned to such term in Section 9.04.
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Applicable Trigger Amount with respect to any test of Availability or Excess Cash Availability hereunder by reference to the Applicable Trigger Amount at a specified Level, the following: I Greater of: 15.0% of the Revolver Commitment $ 75,000,000 II Greater of: 20.0% of the Revolver Commitment $ 100,000,000 “Approved Fund”: any Person (other than a natural Person) engaged in making, purchasing, holding or otherwise investing in commercial loans in its ordinary course of activities, and is administered or managed by a Lender, an entity that administers or manages a Lender, or an Affiliate of either.
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Related to Applicable Trigger Amount

  • Trigger Amount with respect to Extraordinary Trust Expenses for the Trust is $25,000 and the Maximum Reimbursable Amount is $100,000. The Trustee Fee will be paid by the Expense Administrator. Expenses will be reimbursed by the Expense Administrator in accordance with the Expense Administration Agreement.

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Principal Deficit Amount means, as of any date of determination, the excess, if any, of (i) the Series 2014-2 Invested Amount on such date (after giving effect to the distribution of the Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (ii) the Series 2014-2 AESOP I Operating Lease Loan Agreement Borrowing Base on such date; provided, however that the Principal Deficit Amount on any date occurring during the period commencing on and including the date of the filing by any of the Lessees of a petition for relief under Chapter 11 of the Bankruptcy Code to but excluding the date on which each of the Lessees shall have resumed making all payments of the portion of Monthly Base Rent relating to Loan Interest required to be made under the AESOP I Operating Lease, shall mean the excess, if any, of (x) the Series 2014-2 Invested Amount on such date (after giving effect to the distribution of Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (y) the sum of (1) the Series 2014-2 AESOP I Operating Lease Loan Agreement Borrowing Base on such date and (2) the lesser of (a) the Series 2014-2 Liquidity Amount on such date and (b) the Series 2014-2 Required Liquidity Amount on such date.

  • Quarterly Excess Available Funds Percentage means, with respect to the June 2007 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.