Cumulative Credit Amount definition
Cumulative Credit Amount means, as of any date, an amount (which shall not be less than zero), determined on a cumulative basis, equal to, without duplication: (a) the Retained Excess Cash Flow Amount, plus (b) the cumulative amount of Net Cash Proceeds received by the Borrower on or after March 21, 2013 from issuances of the Borrower’s Qualified Capital Stock (but excluding any such sale or issuance by the Borrower of its Equity Interests upon exercise of any warrant or option by directors, officers or employees of any Loan Party or any Subsidiary), minus (c) the cumulative amount of Permitted Investments made in reliance on subclause (y) of clause (o) of the definition thereof, minus (d) the cumulative amount of Restricted Payments made in reliance on Section 6.06(iv), minus (e) the cumulative amount of any payments of Indebtedness made in reliance on Section 6.07(a)(vii).
Cumulative Credit Amount means, as of any date of determination (a) the sum (which amount shall not be less than zero) of, without duplication, (i) Cumulative Retained ECF Amount, plus (ii) the Net Cash Proceeds received by the Loan Parties of any Dispositions of Investments made using the Cumulative Credit Amount (in an amount, together with amounts added pursuant to clause (iii) below, not to exceed the amount of such Investment made using the Cumulative Credit Amount), plus (iii) returns, profits, distributions and similar amounts received by Holdings, the Borrower or any of its Restricted Subsidiaries in cash or Cash Equivalents on Investments made using the Cumulative Credit Amount (in an amount, together with amounts added pursuant to clause (ii) above, not to exceed the amount of such investments made using the Cumulative Credit Amount), plus (iv) the cumulative amount of cash and Cash Equivalent proceeds from the sale of Equity Interests (other than any Disqualified Equity Interests) of Holdings, the Borrower or any parent company of the Borrower after the Closing Date and on or prior to such time, which proceeds have been received in the form of common or preferred equity (other than any Disqualified Equity Interests) by, or contributed as common or preferred equity (other than any Disqualified Equity Interests) to the capital of, the Borrower, to the extent not previously applied for a purpose other than use in the Cumulative Credit Amount; provided, that any leverage tests otherwise applicable shall not apply when using this subclause (a)(iv) of the “Cumulative Credit Amount”, minus (b) the sum of (i) all Investments made at or prior to such time in reliance on clause (p) of the definition of "Permitted Investments", plus (ii) all Restricted Payments made at or prior to such time in reliance on clause (g) of the definition of "Permitted Restricted Payments", plus (iii) all prepayments or repayments of Junior Indebtedness made at or prior to such time in reliance on Section 7.02(m)(ii)(A), in each case to the extent utilizing the Cumulative Credit Amount in effect at the time of such Investment, Restricted Payment or prepayment or repayment of Junior Indebtedness.
Cumulative Credit Amount means the sum of (without duplication):
Examples of Cumulative Credit Amount in a sentence
A computation of the Cumulative Credit Amount and a description of the uses thereof, in each case during the Test Period, are set forth on Annex A hereto.
More Definitions of Cumulative Credit Amount
Cumulative Credit Amount means, as of any date of determination (a) the sum (which amount shall not be less than zero) of, without duplication, (i) Cumulative Retained ECF Amount, plus (ii) the Net Cash Proceeds received by the Notes Parties of any Dispositions of Investments made using the Cumulative Credit Amount (in an amount, together with amounts added pursuant to clause