Cross Default Amount definition

Cross Default Amount means, for a Party, the cross default amount, if any, set forth in the Cover Sheet for that Party.
Cross Default Amount means an amount equal to five percent (5%) of a Defaulting Party’s or Defaulting Party’s Guarantor’s (as applicable) Tangible Net Worth.
Cross Default Amount means the cross default amount, if any, set forth in the Cover Sheet for a Party.

Examples of Cross Default Amount in a sentence

  • SCE shall approve both the Guarantor and the Cross Default Amount in its discretion.

  • At such time that Seller proposes to satisfy its Performance Assurance obligation by means of a Guaranty Agreement, Seller shall submit to SCE a Notice containing (x) financial statements and other information regarding the proposed Guarantor, (y) the proposed Cross Default Amount and (z) Credit Ratings and other relevant information provided by S&P or ▇▇▇▇▇’▇.

  • Events of Default; Remedies 5.1(g) Cross Default for Party A: Party A: Cross Default Amount $ Other Entity:[Guarantor, if applicable] Cross Default Amount $ 5.1(g) Cross Default for Party B: Party B: Southern California Edison Company.

  • Cross Default for Party A: Applicable Inapplicable If applicable, complete the following: Party A: Cross Default Amount: Not applicable______________________ If applicable, complete the following: Other Person: Name of other Person: Enron Corp.

  • Events of Default; Remedies  Party A: Cross Default Amount $ ■ Other Entity: Enron Corp.


More Definitions of Cross Default Amount

Cross Default Amount means the dollar amount set forth in Section 1.09(c).
Cross Default Amount is the amount set forth in Section 1.06(f).
Cross Default Amount has the meaning set forth in Section 13.1(a);
Cross Default Amount means the greater of: (a) £25,000,000 or its equivalent in any other currency or composite currency, and (b) such amount in Sterling as is equal to one per cent. of the Adjusted Tangible Net Worth of the Issuer and its Subsidiaries, or its equivalent in any other currency or composite currency. A certificate by the Auditors of the Issuer (whether or not addressed to the Bond Trustee) as to the amount of the Cross Default Amount shall, in the absence of manifest error, be conclusive and binding on all parties; Custodian means any custodian with whom the relevant Registered Global Covered Bonds have been deposited; Customer Files means the file or files relating to each Loan and its Related Security containing, inter alia:
Cross Default Amount means, as of any date of determination, an amount equal to the lesser of (i) $100,000,000 or (ii) 5% of Tangible Net Worth as of the last day of the then most recently ended Fiscal Quarter with respect to which the Company has delivered (electronically or otherwise) the financial statements required by Section 7.1(a) or, if the Company is delinquent in the delivery of such financial statements with respect to the most recently ended Fiscal Quarter, 5% of Tangible Net Worth as reasonably determined by the Administrative Agent.
Cross Default Amount has the meaning set forth on the Cover Sheet.
Cross Default Amount means, as of any date of determination, an amount equal to the lesser of (i) $50,000,000 or