DOLLAR CAP definition

DOLLAR CAP means Five Million Dollars ($5,000,000.00).
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DOLLAR CAP means the sum of One Million Five Hundred Thousand Dollars ($1,500,000.00); provided that the DOLLAR CAP shall increase from One Million Five Hundred Thousand Dollars ($1,500,000.00) to Two Million Dollars ($2,000,000.00) after March 31, 2000, if the BORROWER'S financial statements for the quarter ending March 31, 2000 submitted pursuant to Section 5.12 demonstrates that the BORROWER'S EBITDA for the quarter ending March 31, 2000 was not less than One Hundred Thousand Dollars ($100,000.00). The DOLLAR CAP shall not increase until such time after March 31, 000 as the LENDER has received the quarterly financial statements of the BORROWER, together with any supporting statements and information, as required by the LENDER to verify that the BORROWER'S EBITDA for the quarter ending March 31, 2000 has not been less than One Hundred Thousand Dollars ($100,000.00), and the LENDER has confirmed in writing that the condition to the increase in the DOLLAR CAP has been satisfied.
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DOLLAR CAP means: (a) Three Million Dollars ($3,000,000.00) during the period between July 28, 2004 and November 1, 2004; and (b) Two Million Dollars ($2,000,000.00) at all other times; provided, however, if the BORROWER delivers to the LENDER evidence that all sums owed by the BORROWER to Dassault Systemes Corp. (“Dassault”) are repaid in full or delivers to the LENDER an agreement (in a form reasonably acceptable to LENDER) executed by Dassault pursuant to which Dassault agrees that the limit on the amount of the senior loan under the Subordination Agreement dated September 11, 2003 between Dassault and the LENDER is increased from Two Million Dollars ($2,000,000.00) to Three Million Dollars ($3,000,000.00), then the amount of the “DOLLAR CAP” shall be increased to Three Million Dollars ($3,000,000.00).
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Examples of DOLLAR CAP in a sentence

  • MAXIMUM ALLOCATION % OF MAXIMUM ACCUMULATION VALUE PREMIUM % DOLLAR CAP ------------------ --------- ---------- Contract Limits [30%] [99.999%] [$9,999,999] THRESHOLDS ---------- Each Restricted Fund has one or more thresholds at which point no further amounts may be allocated to that division.

  • IN THE EVENT OF EITHER PARTY’S WILLFUL MISCONDUCT OR FRAUD, THERE SHALL BE NO DOLLAR CAP ON SUCH PARTY’S LIABILITY UNDER THIS AGREEMENT.

  • DOLLAR CAP The Dollar Cap is the dollar amount at which no further Accumulation Value may be added to Restricted Funds.

  • The term “MAXIMUM LOAN AMOUNT” means the lesser of the BORROWING BASE or the DOLLAR CAP.

  • THE FOLLOWING EXCEPTIONS SHALL APPLY: (i) THE FOREGOING LIMITATION SHALL NOT APPLY TO ANY CLAIM FOR BREACH OF SECTION 6 ("CONFIDENTIAL INFORMATION"); (ii) COMPANY'S INDEMNITY OBLIGATION STATED IN SECTION 7.1 SHALL INCLUDE INDIRECT, SPECIAL, INCIDENTAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES SUBJECT TO THE DOLLAR CAP STATED IN SECTION 10; AND (iii) COMPANY'S LIABILITY FOR BREACH OF THE WARRANTY STATED IN SECTION 8.1.5 SHALL NOT BE SUBJECT TO THE LIMITATIONS OF THIS SECTION.

  • EXCEPT IN THE EVENT OF EITHER PARTY’S GROSS NEGLIGENCE, WILLFUL MISCONDUCT OR FRAUD, IN NO EVENT SHALL EITHER PARTY’S LIABILITY UNDER THIS AGREEMENT EXCEED $250,000 USD IN THE AGGREGATE, PROVIDED THAT THERE WILL BE NO DOLLAR CAP ON LIABILITY FOR DAMAGES ARISING FROM VIOLATIONS OF DATA PROTECTION LAWS.

  • For each calendar month or portion thereof during which the LOAN is in existence and has not been terminated, until the termination of the LOAN, the BORROWERS shall pay to the LENDER a commitment fee of one-half percent (1/2%) per annum on that sum obtained by subtracting the greater of Five Million Dollars ($5,000,000) or the average daily disbursed principal balance of the LOAN during such calendar quarter or portion thereof from the DOLLAR CAP.

  • The term "MAXIMUM REVOLVING LOAN AMOUNT" means the lesser of the BORROWING BASE or the DOLLAR CAP.

  • Notwithstanding anything herein to the contrary except Section 8.d. hereof, the dollar amount of Broad River's Profit Participation shall not exceed $2.5 million, such cap to be increased by $1.0 million for each additional full twelve-month period following November 30, 2001, that Broad River continues to render services to the Company under this Agreement (the "DOLLAR CAP").

  • On each annual anniversary of the date of CLOSING, while the LOAN is in existence and has not been terminated, until the termination of the LOAN, the BORROWER shall pay to the LENDER a facility fee of one-quarter of one percent (1/4%) of the DOLLAR CAP.


More Definitions of DOLLAR CAP

DOLLAR CAP or (b) the sum of (i) eighty percent (80%) of the face amount of billed ELIGIBLE ACCOUNTS, plus (ii) thirty-five percent (35%) of the value (i.e., the lower of the BORROWERS' manufacturing costs and the lowest selling price) of the BORROWERS' INVENTORY, minus (iii) the principal balance outstanding under the TERM LOAN minus Five Hundred Thousand Dollars ($500,000.00). The amount of the DOLLAR CAP shall be reduced, from time to time, by the aggregate amount of "Equity Proceeds" (as hereafter defined) received by any BORROWER, each such reduction to occur five (5) calendar days after a BORROWER'S receipt of Equity Proceeds. As used herein, the term "Equity Proceeds" means an amount equal to (a) the net proceeds obtained by any BORROWER in connection with any sale or offering of any equity interest in any of the BORROWERS (excluding net proceeds obtained in the offering made, or to be made, in 1995 in connection with equity interests in Transderm Laboratories Corporation and net proceeds obtained by the exercise of any presently existing stock options for stock in Health-Chem Corporation), minus (b) the portion of such net proceeds which have been paid to the LENDER to prepay all or a portion of the TERM LOAN. The BORROWERS shall not request any advance under the LOAN which would cause the aggregate amount of advances made to or for the BORROWERS and outstanding under the LOAN DOCUMENTS to exceed the limitations as to the maximum amount of advances as herein set forth, or as set from time to time by the LENDER. In the event the principal amount outstanding under the LOAN ever exceeds the maximum amount which may be outstanding pursuant to the above limitations the BORROWERS shall immediately, upon demand of the LENDER, reduce the principal amount outstanding under the LOAN to an amount which does not exceed the above limitations. Any termination of the LOAN pursuant to the terms of this AGREEMENT, shall relieve the LENDER of the LENDER'S obligation to lend money or to make financial accommodations to or for the BORROWERS and the BORROWER'S account, and shall in no way release, terminate, discharge or excuse the BORROWERS from their absolute duty to pay and perform the obligations.
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DOLLAR CAP means Two Million Dollars ($2,000,000.00).
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DOLLAR CAP means: (a) Two Million Five Hundred Thousand Dollars ($2,500,000.00) during the period between November 15, 2003 and January 31, 2004, inclusive; and (b) Two Million Dollars ($2,000,000.00) at all other times.
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DOLLAR CAP means the sum of One Million Five Hundred Thousand Dollars ($1,500,000.00).
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Related to DOLLAR CAP

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Loans at such time made or incurred under the Dollar Commitments.

  • Dollar Commitment means, with respect to each Dollar Lender, the commitment of such Dollar Lender to make Syndicated Loans, and to acquire participations in Letters of Credit and Swingline Loans, denominated in Dollars hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Dollar Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Dollar Commitment is set forth on Schedule 1.01(b), or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Dollar Commitment, as applicable. The aggregate amount of the Lenders’ Dollar Commitments as of the First Amendment Effective Date is $115,000,000.

  • Revolving Multicurrency Credit Exposure means, with respect to any Lender at any time, the sum of such ▇▇▇▇▇▇’s Multicurrency LC Exposure, such Lender’s Swingline Exposure and the outstanding principal amount of such ▇▇▇▇▇▇’s Loans, at such time made or incurred under the Multicurrency Commitments.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Euro-Dollar Margin means a rate per annum determined in accordance with the Pricing Schedule.