Applicable Balance definition

Applicable Balance means (i) with respect to this Agreement, the average daily Applicable Outstandings for the 90 day period preceding the Relevant Completion Date; (ii) with respect to the Existing Revolving Credit Agreement, the average daily Applicable Outstandings (as defined in such agreement) for the 90 day period preceding the Relevant Completion Date; (iii) with respect to the Existing 2015 Term Loan Credit Agreement, the outstanding balance of Loans (as defined in such agreement) as of the Relevant Completion Date; and (iv) with respect to the Note Purchase Agreements, the outstanding principal balance of NPA Notes as of the Relevant Completion Date.
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Examples of Applicable Balance in a sentence

  • Based solely upon the June Balance Sheet, the Seller will deliver its computation of the Minimum Net Equity as of the Applicable Balance Sheet Date, together with all supporting documents relating thereto (including the June Financial Statements and the Agreed Upon Procedures Report), to the Buyer at least ten (10) days prior to the Closing Date.

  • The Company does not have any material Liabilities that are required pursuant to GAAP (applied on a basis consistent with past practices) to be reflected on a balance sheet, except (a) as reflected or expressly reserved against in the balance sheet contained in the Applicable Financial Statements and (b) for Liabilities incurred in the Ordinary Course of Business and consistent with past practice since the Applicable Balance Sheet Date.

  • This subsection shall be applicable to the ▇▇▇▇▇ Equity Account, or if a Member elects a method of payment under section 5.1(c) which contains a life contingency, to the Member's entire Account ("Applicable Balance").

  • During the period since the Applicable Balance Sheet Date, (a) there has not been any event or condition which has resulted or is reasonably likely to result in a Material Adverse Effect, and (b) the Business has been conducted by the Company in the Ordinary Course of Business.

  • The Company’s liability for unpaid Taxes for all periods ending on or before the date of the Applicable Balance Sheet Date does not, in the aggregate, exceed the amount of the liability accruals for Taxes (excluding reserves for deferred Taxes) on the Applicable Balance Sheet Date.

  • The June Balance Sheet shall be prepared based upon the results of a physical inventory to be conducted on or about the Applicable Balance Sheet Date and otherwise in accordance with the accounting assumptions, methodologies principles and procedures used to prepare the Recent Balance Sheet, including the same procedures as would be applicable if the June Balance Sheet was prepared as of the end of a fiscal month.

  • All of the accounts payable reflected on the Applicable Balance Sheet and all accounts payable of the Federal Business reflected on the books and records of the Federal Business as of December 31, 2011, or that are reflected on the books and records of the Federal Business and have arisen since December 31, 2011, arose from bona fide purchases by the Federal Business of goods and services in the Ordinary Course of Business.