Applied Amounts definition

Applied Amounts means an amount (which may be conclusively determined by the Board of Directors of the Company) equal to the greater of (i) capitalized rent with respect to the applicable machinery and/or equipment and (ii) the fair value of the applicable machinery and/or equipment, that is applied within 180 days of the applicable transaction or transactions to repayment of the Notes or to the repayment of any indebtedness for borrowed money which, in accordance with GAAP, is classified as long-term debt and that is on parity with the Notes.

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Applied Amounts has the meaning specified in the definition of “Permitted Sale-Leaseback Transaction.”

Applied Amounts shall have the meaning set forth in Section 6.10.

Examples of Applied Amounts in a sentence

All advances pursuant to Section 6.5(e) and this Section 6.10 (including any Applied Amounts), except advances from the Operating Reserve, shall constitute non-interest-bearing Subordinated Loans.
All advances pursuant to this Section 6.10 (including any Applied Amounts) shall be Subordinated Loans repayable without interest in accordance with the provisions of Article X.
All advances pursuant to Section 6.5(e) and this Section 6.10 (including any Applied Amounts), except advances from the Operating Reserve, shall constitute non- interest-bearing Subordinated Loans.
All advances pursuant to this Section 6.10 (including any Applied Amounts) shall be Subordinated Loans repayable with interest at the Applicable Federal Rate in accordance with the provisions of Article X.
All advances pursuant to Section 6.5(e)(i) and this Section 6.10 (including any Applied Amounts) shall constitute non-interest- bearing Subordinated Loans.
In the event that the General Partners shall fail to make any such advance as aforesaid, the Partnership shall utilize amounts (the "Applied Amounts") otherwise payable to the General Partners or Affiliates thereof under Section 6.12 and/or Article X to meet the obligations of the General Partners pursuant to this Section 6.10.
All advances pursuant to this Section 6.11 (including any Applied Amounts) shall be Subordinated Loans repayable without interest in accordance with the provisions of Article X.
Such utilization of Applied Amounts shall constitute payment and satisfaction of the corresponding amounts payable to the General Partners or Affiliates thereof under Section 6.12 and/or Article X, with the proceeds thereof being applied to such obligations, and the obligation of the Partnership to make such payments to the General Partners or Affiliates thereof pursuant to Section 6.12 and/or Article X shall be deemed satisfied to the extent thereof.
In the event that the General Partners shall fail to make any such advances as aforesaid, the Partnership shall utilize amounts (the "Applied Amounts") otherwise payable to the General Partners or Affiliates thereof under Section 6.12 and/or Article X to meet the obligations of the General Partners pursuant to this Section 6.10.
All advances pursuant to Section 6.5(e) and this Section 6.10 (including any Applied Amounts), shall constitute non-interest-bearing Subordinated Loans.

More Definitions of Applied Amounts

Applied Amounts is defined in Section 3.2.

Applied Amounts means an amount (which may be conclusively determined by the Board of Directors) equal to the greater of (i) capitalized rent with respect to the applicable machinery and/or equipment and (ii) the fair value of the

Applied Amounts shall have the meaning set forth in Section 6.10. "Asset Management Fee" means the fee payable to BCTCF or an Affiliate thereof pursuant to the provisions of Section 6.12(b).

Applied Amounts means an amount (which may be conclusively determined by the Board of Directors of the Borrower) equal to the greater of (i) capitalized rent with respect to the applicable machinery and/or equipment and (ii) the fair value of the applicable machinery and/or equipment, that is applied within 180 days of the applicable transaction or transactions to repayment of the “Term Loan” under the Term Loan Facility or to the repayment of any Indebtedness for borrowed money which, in accordance with GAAP, is classified as long-term debt and that is on parity with such Term Loan.

Applied Amounts means any drawn portion of an Ineligible LC that has been withdrawn from the applicable LC Provider Account and applied toward the payment of interest on the Class A Notes.