Common use of Reserved Amount Clause in Contracts

Reserved Amount. “Reserved Amount” means $66,231,000, unless Borrower elects in writing a lesser amount not to exceed $250,000,000 minus the amount of the Commitment in effect at any time, but in no event greater than $66,231,000. The Fixed Facility Fee and the Variable Facility Fee shall not increase with respect to the Reserved Amount in the event of an Expansion for so long as the Borrower timely pays the Rate Preservation Fee on the Reserved Amount

Appears in 1 contract

Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc)

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Reserved Amount. “Reserved Amount” means $66,231,00089,904,000, unless Borrower elects in writing a lesser amount not to exceed $250,000,000 600,000,000 minus the amount of the Commitment in effect at any time, but in no event greater than $66,231,00089,904,000. The Fixed Facility Fee and the Variable Facility Fee shall not increase with respect to the Reserved Amount in the event of an Expansion for so long as the Borrower timely pays the Rate Preservation Fee on the Reserved Amount.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc)

Reserved Amount. “Reserved Amount” means $66,231,000104,009,000, unless Borrower elects in writing a lesser amount not to exceed $250,000,000 600,000,000 minus the amount of the Commitment in effect at any time, but in no event greater than $66,231,000104,009,000. The Fixed Facility Fee and the Variable Facility Fee shall not increase with respect to the Reserved Amount in the event of an Expansion for so long as the Borrower timely pays the Rate Preservation Fee on the Reserved Amount.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc)

Reserved Amount. “Reserved Amount” means $66,231,000, 25,944,000 unless Borrower elects in writing a lesser amount not to exceed $250,000,000 600,000,000 minus the amount of the Commitment in effect at any time, but in no event greater than $66,231,00025,944,000. The Fixed Facility Fee and the Variable Facility Fee shall not increase with respect to the Reserved Amount in the event of an Expansion for so long as the Borrower timely pays the Rate Preservation Fee on the Reserved Amount.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc)

Reserved Amount. “Reserved Amount” means $66,231,000, 12,749,000 unless Borrower elects in writing a lesser amount not to exceed $250,000,000 600,000,000 minus the amount of the Commitment in effect at any time, but in no event greater than $66,231,00012,749,000. The Fixed Facility Fee and the Variable Facility Fee shall not increase with respect to the Reserved Amount in the event of an Expansion for so long as the Borrower timely pays the Rate Preservation Fee on the Reserved Amount.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc)

Reserved Amount. “Reserved Amount” means $66,231,000109,643,000, unless Borrower elects in writing a lesser amount not to exceed $250,000,000 600,000,000 minus the amount of the Commitment in effect at any time, but in no event greater than $66,231,000109,643,000. The Fixed Facility Fee and the Variable Facility Fee shall not increase with respect to the Reserved Amount in the event of an Expansion for so long as the Borrower timely pays the Rate Preservation Fee on the Reserved Amount.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc)

Reserved Amount. “Reserved Amount” means $66,231,000, 46,016,000 unless Borrower elects in writing a lesser amount not to exceed $250,000,000 minus the amount of the Commitment in effect at any time, but in no event greater than $66,231,00046,016,000. The Fixed Facility Fee and the Variable Facility Fee shall not increase with respect to the Reserved Amount in the event of an Expansion for so long as the Borrower timely pays the Rate Preservation Fee on the Reserved Amount.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc)

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Reserved Amount. “Reserved Amount” means $66,231,000, 22,642,000 unless Borrower elects in writing a lesser amount not to exceed $250,000,000 600,000,000 minus the amount of the Commitment in effect at any time, but in no event greater than $66,231,00022,642,000. The Fixed Facility Fee and the Variable Facility Fee shall not increase with respect to the Reserved Amount in the event of an Expansion for so long as the Borrower timely pays the Rate Preservation Fee on the Reserved Amount.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc)

Reserved Amount. “Reserved Amount” means $66,231,000137,104,000, unless Borrower elects in writing a lesser amount not to exceed $250,000,000 600,000,000 minus the amount of the Commitment in effect at any time, but in no event greater than $66,231,000137,104,000. The Fixed Facility Fee and the Variable Facility Fee shall not increase with respect to the Reserved Amount in the event of an Expansion for so long as the Borrower timely pays the Rate Preservation Fee on the Reserved Amount.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc)

Reserved Amount. “Reserved Amount” means $66,231,000142,474,000, unless Borrower elects in writing a lesser amount not to exceed $250,000,000 600,000,000 minus the amount of the Commitment in effect at any time, but in no event greater than $66,231,000142,474,000. The Fixed Facility Fee and the Variable Facility Fee shall not increase with respect to the Reserved Amount in the event of an Expansion for so long as the Borrower timely pays the Rate Preservation Fee on the Reserved Amount.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc)

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