Attributable Amount means, with respect to any Sale/Leaseback Transaction involving any Principal Property, as at the time of determination, the present value (discounted at the interest rate borne by the Notes, compounded annually) of the total obligations of the lessee for rental payments (other than amounts required to be paid on account of property taxes, maintenance, repairs, insurance, assessments, utilities, operating and labor costs and other items that do not constitute payments for property rights) during the remaining term of the lease included in such Sale/Leaseback Transaction (including any period for which such lease has been extended); provided, however, that the Attributable Amount of each of the following Sale/Leaseback Transactions involving a Principal Property shall, in each case, be zero: (1) a Sale/Leaseback Transaction in which the lease is for a period, including renewal rights, not in excess of three years; (2) a Sale/Leaseback Transaction in which the transfer of the Principal Property is made within 270 days of the acquisition or construction of, or the completion of a material improvement to, such Principal Property; (3) a Sale/Leaseback Transaction in which the lease secures or relates to industrial revenue or pollution control bonds; (4) a Sale/Leaseback Transaction in which the transaction is between or among the Company and one or more Restricted Subsidiaries or between or among Restricted Subsidiaries; or (5) a Sale/Leaseback Transaction pursuant to which the Company, within 270 days after the completion of the transfer of the Principal Property, applies toward the retirement of its Indebtedness or the Indebtedness of a Restricted Subsidiary, or to the purchase of other property constituting a Principal Property, the greater of the net proceeds from the transfer of the Principal Property and the fair market value of the Principal Property; provided, however, that the amount that must be applied to the retirement of Indebtedness shall be reduced by (a) the principal amount of any debentures, notes or debt securities (including the Notes) of the Company or a Restricted Subsidiary surrendered to the Trustee or agent for retirement and cancellation within 270 days of the completion of the transfer of the Principal Property, (b) the principal amount of any Indebtedness not included in clause (5)(a) of this definition to the extent such amount of Indebtedness is voluntarily retired by the Company or a Restricted Subsidiary within 270 days of the co...
Attributable Amount means, with respect to any Sale/Leaseback Transaction, as at the time of determination, the present value (discounted at the interest rate borne by the Securities, compounded annually) of the total obligations of the lessee for rental payments (other than amounts required to be paid on account of property taxes, maintenance, repairs, insurance, assessments, utilities, operating and labor costs and other items that do not constitute payments for property rights) during the remaining term of the lease included in such Sale/Leaseback Transaction (including any period for which such lease has been extended); provided, however, that the Attributable Amount of each of the following Sale/Leaseback Transactions shall, in each case, be zero:
Attributable Amount means, in respect of any assets disposed of by the Company or a Restricted Subsidiary, or any designation of a Restricted Subsidiary as an Unrestricted Subsidiary or of an Unrestricted Subsidiary as a Restricted Subsidiary pursuant to Section 8.11, the amount of Consolidated Annualized Operating Cash Flow, determined at the time of such disposition or designation, which was attributable to such assets or such Subsidiary.
Examples of Attributable Amount in a sentence
On such Deferred Payment Date, after giving effect to such payment, the Facility Limit (and, prior to the Final Order Entry Date, the Interim Facility Limit) shall, in each case, be reduced by an amount equal to the Attributable Amount of such Net Cash Proceeds payable on such date hereunder.
In connection with any payment under clauses 9.1.4 or 9.1.5, a senior officer of AIHL shall deliver a certificate to the Investment Agent setting forth the Net Cash Proceeds and the Attributable Amount of the Net Cash Proceeds attributable to such payment and the calculation thereof.
After receipt by AIHL or any member of the Group of the Net Cash Proceeds of any Prepayment Event, AIHL shall apply an amount equal to 100% of the Attributable Amount of such Net Cash Proceeds to pay any outstanding amounts in respect of the then outstanding Deferred Sale Price on the next occurring Deferred Payment Date.
On such Deferred Payment Date, after giving effect to such payment, the Facility Limit (and, prior to the Final Order Entry Date, the Interim Facility Limit) shall, in each case, be reduced by an amount equal to the Attributable Amount of such payment or prepayment amount payable on such date hereunder.
After receipt by any WCF of any payment or prepayment of any Financial Indebtedness owing to such WCF, AIHL shall apply an amount equal to 100% of the Attributable Amount of such payment or prepayment amount to pay any outstanding amounts in respect of the then outstanding Deferred Sale Price on the next occurring Deferred Payment Date.
More Definitions of Attributable Amount
Attributable Amount in respect of a Sale and Lease-Back Transaction means, as at the time of determination, the present value (discounted at the interest rate for such lease, as determined by Holdings) of the total obligations of the lessee for rental payments during the remaining term of the lease included in such Sale and Lease-Back Transaction (including any period for which such lease has been extended); provided, however, that if such Sale and Lease-Back Transaction results in a Capital Lease Obligation, the Attributable Amount in respect thereof will be determined in accordance with the definition of “Capital Lease Obligation”.
Attributable Amount means, in connection with any designation of a Restricted Subsidiary as an Unrestricted Subsidiary or of an Unrestricted Subsidiary as a Restricted Subsidiary pursuant to Section 8.10, the amount of EBITDA for the most recent four consecutive fiscal quarter period for which financial statements have been delivered in accordance with Section 8.02, determined at the time of such designation, which was attributable to such Subsidiary.
Attributable Amount means, in respect of any Consenting Beneficiary, any Attributable Reserve or Attributable Payment in each case in respect of that Consenting Beneficiary
Attributable Amount means with respect to any sale and leaseback transaction (as defined herein), as at the time of determination, the present value (discounted at the rate of interest set forth or implicit in the terms of such lease, compounded annually) of the total obligations of the lessee for rental payments during the remaining term of the lease included in the sale and leaseback transaction. "AUTHENTICATING AGENT" means any Person appointed by the Trustee to act on behalf of the Trustee pursuant to Section 6.11 to authenticate Securities.
Attributable Amount means, in respect of any secured Debt, an amount equal to the lesser of (i) the aggregate outstanding principal amount of such Debt and (ii) the aggregate gross book value of all Principal Properties which are either (A) subject to a Mortgage securing such Debt or (B) owned by a Restricted Subsidiary the capital stock of which or Debt of which is subject to a Mortgage securing such Debt (or, if such Debt is secured by inventory and/or accounts receivable of the Company or a Restricted Subsidiary, then the aggregate book value of all such inventory and accounts receivable of the Company and such Restricted Subsidiaries securing such Debt).
Attributable Amount means, in connection with any designation of a Restricted Subsidiary as an Unrestricted Subsidiary pursuant to Section 5.14, the aggregate amount of Total Consolidated EBITDA for the most recent four consecutive fiscal quarter period for which financial statements have been delivered in accordance with Section 5.04, determined at the time of such designation, which was attributable to (i) such Subsidiary and (ii) all other Subsidiaries designated as Unrestricted Subsidiaries at or prior to such time.
Attributable Amount in relation to any Vessel and at any time, means the amount which is obtained by dividing the Index Amount of that Vessel by the sum of the Index Amounts of the Vessels then owned by the Vessel Owners, and multiplying the result by the amount of the Loan outstanding at that time.