Cumulative Credit definition

Cumulative Credit means the sum of (without duplication):

Cumulative Credit means, at any date, an amount, not less than zero in the aggregate, determined on a cumulative basis equal to, without duplication:

Cumulative Credit means, at any date, an amount, not less than zero in the aggregate, determined on a cumulative basis equal to, without duplication (and without duplication of amounts that otherwise increased the amount available for Investments pursuant to Section 6.04):

Examples of Cumulative Credit in a sentence

• If more than one action occurs on any given date the permissibility of the taking of which is determined hereunder by reference to the amount of the Cumulative Credit immediately prior to the taking of such action, the permissibility of the taking of each such action shall be determined independently and in no event may any two or more such actions be treated as occurring simultaneously.

• An Applicant is not eligible to submit a Letter of Intent or a full Application for 9% Credits if an Award of Credits for the Applicant Project would cause the Applicant’s cumulative Credit amount to exceed the Cumulative Credit Maximum.

• An Applicant is not eligible to submit a LOI or a full Application for 9% Credits if an Award of Credits for the Applicant Project would cause the Applicant’s Cumulative Credit amount to exceed the Cumulative Credit Maximum of $25 million in total 9% Credits.

• The Cumulative Credit Maximum applies in addition to the Maximum Credit Award provisions.

• Applicant must provide any documents and information as requested by MBOH for purposes of determining whether an Applicant is eligible under this Cumulative Credit Maximum to submit a LOI or Application.

More Definitions of Cumulative Credit

Cumulative Credit means, at any date, an amount, not less than zero in the aggregate, determined on a cumulative basis equal to the sum of (without duplication):

Cumulative Credit means, at any date, an amount, determined on a cumulative basis equal to, without duplication:

Cumulative Credit means, at any date, an amount equal to:

Cumulative Credit means the sum, without duplication, of:

Cumulative Credit means, at any time of determination, an amount equal to the sum of:

Cumulative Credit means the sum of (i) Capital Stock Sale Proceeds plus (ii) cumulative EBITDA of the Company from and after January 1, 1993 to the end of the fiscal quarter immediately preceding the date of a proposed Restricted Payment, or, if such cumulative EBITDA for such period is negative, minus the amount by which such cumulative EBITDA is less than zero.

Cumulative Credit means, at any date, an amount, not less than zero in the aggregate (except to the extent resulting from the operation of clause (e)), determined on a cumulative basis equal to: