Adjusted LC Participation Amount definition

Adjusted LC Participation Amount means, at any time of determination, the greater of (i) the LC Participation Amount less the amount of cash collateral held in the LC Collateral Account at such time and (ii) zero ($0).
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Adjusted LC Participation Amount means, at any time, the LC Participation Amount minus the amount of cash collateral held in the LC Collateral Account at such time.
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Adjusted LC Participation Amount means, at any time, the LC Participation Amount minus the amount on deposit in the LC Collateral Account.
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Examples of Adjusted LC Participation Amount in a sentence

  • In the event that such pro forma calculation shall reflect the existence of a pro forma Borrowing Base Deficit, then the Company shall pay, on or prior to the date on which such Borrowing Base Deficit would first arise and in all cases prior to the PNC Group Release, a portion of the outstanding Aggregate Capital at such time and/or a portion of the Adjusted LC Participation Amount, in an aggregate amount equal to the amount necessary to reduce such Borrowing Base Deficit to zero ($0).

  • The Court notes that this is the same amount set out in the first proposed settlement agreement SLF filed on March 16, 2020 (about seven months after filing the original Complaint).

  • Each Seller has determined that, immediately after giving effect to each purchase hereunder, the Net Receivables Balance is at least equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves, plus (iii) the Adjusted LC Participation Amount.


More Definitions of Adjusted LC Participation Amount

Adjusted LC Participation Amount means, at any time, the LC Participation Amount less the amount of cash collateral held in the LC Collateral Account at such time.
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Adjusted LC Participation Amount means, at any time, the excess, if any, of the LC Participation Amount over the amount of cash collateral held in the LC Collateral Account at such time. For the avoidance of doubt, the Adjusted LC Participation Amount shall never be less than zero.
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Adjusted LC Participation Amount. At any time of determination, the greater of (i) the LC Participation Amount less the amount of cash collateral held in the LC Collateral Account, if any, at such time and (ii) zero ($0).
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Adjusted LC Participation Amount means, at any time, the greater of (i) the LC Participation Amount less the amount of cash collateral held in the LC Collateral Account at such time and (ii) zero dollars ($0). “Adjusted Net Receivables Pool Balance” means the Net Receivables Pool Balance minus (i) the Specifically Reserved Dilution Amount and (ii) the Canadian Currency Volatility Reserve. “Administrator” has the meaning set forth in the preamble to this Agreement. “Adverse Claim” means a lien, security interest or other charge or encumbrance, or any other type of preferential arrangement; it being understood that any thereof in favor of the Administrator (for the benefit of the Purchasers) shall not constitute an Adverse Claim. “Affected Person” has the meaning set forth in Section 1.7 of this Agreement. “Affiliate” means, as to any Person: (a) any Person that, directly or indirectly, is in control of, is controlled by or is under common control with such Person, or (b) who is a director or officer: (i) of such Person or (ii) of any Person described in clause (a), except that, in the case of each Conduit Purchaser, Affiliate shall mean the holder of its capital stock or membership interest, as the case may be. For purposes of this definition, control of a Person shall mean the power, direct or indirect: (x) to vote 25% or more of the securities having ordinary voting power for the election of directors of such Person, or (y) to direct or cause the direction of the management and policies of such Person, in either case whether by ownership of securities, contract, proxy or otherwise. “Aggregate Capital” means, at any time, the aggregate outstanding Capital of all Purchasers at such time. “Aggregate Discount” at any time, means the sum of the aggregate for each Purchaser of the accrued and unpaid Discount with respect to each such Purchaser’s Capital at such time. “Agreement” has the meaning set forth in the preamble hereto. “Alternate Rate” for any Yield Period for any Portion of Capital funded by any Purchaser other than through the issuance of Notes, means an interest rate per annum equal to either: (a) with respect to any day during such Yield Period, LMIR for such day, (b) if LMIR is unavailable pursuant to Section 1.11.1, the Base Rate for such Yield Period, or (c) if Benchmark Replacement Event occurs, the
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Adjusted LC Participation Amount means, at any time of determination, the greater of
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Related to Adjusted LC Participation Amount

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Applicable Percentage means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.

  • Commitment Percentage is set forth in Schedule 1.1, as amended from time to time.

  • Applicable Dollar Percentage means, with respect to any Dollar Lender, the percentage of the total Dollar Commitments represented by such Dollar Lender’s Dollar Commitment. If the Dollar Commitments have terminated or expired, the Applicable Dollar Percentages shall be determined based upon the Dollar Commitments most recently in effect, giving effect to any assignments.

  • Applicable Multicurrency Percentage means, with respect to any Multicurrency Lender, the percentage of the total Multicurrency Commitments represented by such Multicurrency Lender’s Multicurrency Commitment. If the Multicurrency Commitments have terminated or expired, the Applicable Multicurrency Percentages shall be determined based upon the Multicurrency Commitments most recently in effect, giving effect to any assignments.