Minimum Assignment Amount definition
Minimum Assignment Amount means, with respect to any assignment by any Bank of its Loans or Commitment hereunder, an amount equal to $5,000,000.
Minimum Assignment Amount means $10,000,000 (or, if less, 5% of the Commitments then in effect of all Lenders).
Minimum Assignment Amount has the meaning specified in Section 12.08(3).
Examples of Minimum Assignment Amount in a sentence
The Purchase Offer is not conditioned on any minimum aggregate principal amount of Loans and Commitments being offered by Lenders for sale (other than the Minimum Assignment Amount (as defined herein)).
No Minimum Assignment Amount shall apply to the assignment by a Lender of all or any part of its Commitment to (a) an Affiliate of such Lender (including its parent company), (b) any other Lender or (c) any fund that invests in loans and is managed or advised by such Lender or by the same investment advisor of such Lender or by an Affiliate of such investment advisor.
The Purchase Offer is not conditioned on any minimum aggregate principal amount of Term Loans being offered by Lenders for sale (other than the Minimum Assignment Amount (as defined herein)).
The phrase "Minimum Assignment Amount" shall mean, the lesser of (x) $10,000,000, unless the Acquisition Loans are not funded by on or before February 26, 1999, in which case, $5,000,000, and (y) the assigning Bank's remaining combined Commitments hereunder.
There shall be no Minimum Assignment Amount upon the occurrence of an Event of Default that is continuing.
More Definitions of Minimum Assignment Amount
Minimum Assignment Amount means (x) in respect of Accommodations Outstanding and Commitments under the Term Facilities, Cdn. $5,000,000 in the aggregate, and (y) in respect of Accommodations Outstanding and Commitments under the Operating Facilities, Cdn. $1,000,000 in the aggregate. A Lender granting a participation shall, unless otherwise expressly provided in this Agreement, act on behalf of all of its Participants in all dealings with the Borrower in respect of the Credit Facilities and no Participant shall have any voting or consent rights with respect to any matter requiring the Lenders' consent other than with respect to the matters referred to in Section 12.01(2)(i), (ii), (iii) and the release or termination of all or substantially all of the Security. Participants and Assignees shall be entitled to the benefits of Section 12.06 and Section 12.07, provided that no Participant or Assignee, as applicable, shall be entitled to receive any greater payment, on a cumulative basis, pursuant to Section 12.06 and Section 12.07 than the Lender which granted the participation or assignment, as applicable, would have been entitled to receive unless such participation or assignment is effected after the occurrence and during the continuance of a Default or Event of Default.
Minimum Assignment Amount means, with respect to any assignment by any Bank of its Loans or Commitment hereunder, an amount equal to
Minimum Assignment Amount means, the lesser of (x) $10,000,000, unless the Acquisition Loans are not funded by on or before February 26, 1999, in which case, $5,000,000, and (y) the assigning Bank's remaining combined Commitments hereunder.
Minimum Assignment Amount means (x) in respect of Accommodations Outstanding and Commitments under the Term A Facility and the Term B Facility, U.S. $1,000,000 in the aggregate, and (y) in respect of Accommodations Outstanding and Commitments under the Operating Facility, U.S. $2,500,000 in the aggregate unless the Agent and, provided that no Event of Default has occurred and is continuing, the Borrowers agree otherwise. There shall be no Minimum Assignment Amount upon the occurrence of an Event of Default that is continuing. A Lender granting a participation shall, unless otherwise expressly provided in this Agreement, act on behalf of all of its Participants in all dealings with the Borrowers in respect of the Credit Facilities and no Participant shall have any voting or consent rights with respect to any matter requiring the Lenders’ consent other than with respect to the matters referred to in Section 11.01(2)(i), (ii), (iii) and the release or termination of all or substantially all of the Security. Participants shall be entitled to the benefits of Section 11.06 and Section 11.07, provided that no Participant shall be entitled to receive any greater payment, on a cumulative basis, pursuant to Section 11.06 and Section 11.07 than the Lender which granted the participation would have been entitled to receive. In the case of an assignment by Royal Bank of Canada, as Term B Lender, of any interest in the Term B Facility to any Term B Assignee, such Term B Assignee shall have the same rights and benefits and be subject to the same limitations under the Credit Documents as it would have if it was a Lender. In the case of any other assignment, the Assignee shall have the same rights and benefits and be subject to the same limitations under the Credit Documents as it would have if it was a Lender, provided that no Assignee (other than with respect to any interest in the Term B Facility assigned by Royal Bank of Canada, as Term B Lender, to any Term B Assignee) shall be entitled to receive any greater payment, on a cumulative basis, pursuant to Section 11.06 and Section 11.07 than the Lender which granted the assignment would have been entitled to receive. Each Lender shall give notice to the Borrowers of any assignment or granting of a participation by such Lender in any Accommodations Outstanding to any person who is not resident or deemed to be resident in Canada for purposes of Part XIII of the ITA.
Minimum Assignment Amount shall have the meaning attributed thereto in Section 9.11(a)(iii).