Hold Position definition

Hold Position with respect to the Pep Boys I Facility as of the date hereof is $15,920,000.00, such that the maximum amount of Advances currently available under the CLI Commitment is $22,500,000.00.

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Hold Position has the meaning provided therefor in Section 1.01(a) hereof.

Hold Position means the sum of (i) the aggregate outstanding principal balance and/or stated amounts of Instruments then held by CLI hereunder, plus (ii) the aggregate outstanding principal and/or stated amount of notes or equity certificates then held by CLI in respect of the Pep Boys I Facility; provided, however, that there shall be excluded from such calculation any portion of the principal balance and/or stated amount, as applicable, of any such instruments (whether hereunder or in respect of the Pep Boys I Facility) that are held by CLI for the benefit of an unaffiliated participant or assignee that has closed on or purchased such participation. It is acknowledged that CLI's "Hold Position" with respect to the Pep Boys I Facility as of the date hereof is $2,512,225.51, and the "Hold Position" of CLI hereunder is $7,550,552.83, such that the maximum amount of Advances currently available under the CLI Commitment is $29,937,221.66.

Examples of Hold Position in a sentence

In that capacity it may be called upon to commit to fund an amount in excess of the Hold Position amount approved by the Investment Committee with the expectation that such excess will be syndicated (i.e. distributed) to other lenders within 90 days of initial funding.
Additionally, if the desired Hold Position or Underwriting Commitment is in excess of the greater of $15 million or 1.5% of the funding vehicle size, the Early Read process must be expanded to include all members of the Investment Committee.
Such Investment Committee approvals shall clearly specify both the total amount of the Underwriting Commitment and the approved Hold Position.
Should CITBC during an Event of Default assign additional interests, then the CITBC Hold Position shall be the remaining amount of CITBC's position if and when such Event of Default is waived.
Ability to Hold Position Open Where possible, the employer must, hold the employee's position open or fill it temporarily until the employee's return from parental leave.
Such total commitments (including the Hold Position amount) are referred to herein as Underwriting Commitments.
Borrower acknowledges that Bank of America desires that it be able to sell down the Revolving Loan during the Renewal Period to the lesser of (a) $35,000,000, or (b) 35% of Bank of America=s current commitment (the "Target ------ Hold Position").
In any event, CITBC shall retain for its own account an amount at least equal to a pro-rata share equal to the highest pro-rata share held by any Participant, and in no event less than 20% of the amount of the Obligations ("CITBC Hold Position"); provided, however, that such CITBC Hold Position shall cease while there is then an Event of Default and only until such Event of Default is waived.
In any event, CITBC shall retain for its own account an amount at least equal to a pro-rata share equal to the highest pro-rata share held by any Participant (other than the pro-rata share held by Bank of America, N.A.), and in no event less than 20% of the amount of the Obligations ("CITBC Hold Position"); provided, however, that such CITBC Hold Position shall cease while there is then an Event of Default and only until such Event of Default is waived.
For the purposes of this policy, the Hold Position amount is defined as the amount for which it is contemplated that GMS Finance will have balance sheet risk after syndication.

More Definitions of Hold Position

Hold Position means the sum of (i) the aggregate outstanding principal balance and/or stated amounts of Instruments then held by CLI hereunder, plus (ii) the aggregate outstanding principal and/or stated amount of notes or equity certificates then held by CLI in respect of the Pep Boys I Facility, plus (iii) the remaining amount of available advances that Lessee may request under the Pep Boys I Facility; provided, however, that there shall be excluded from such calculation any portion of the principal balance and/or stated amount, as applicable, of any such instruments (whether hereunder or in respect of the Pep Boys I Facility) that are held by CLI for the benefit of an unaffiliated participant or assignee that has closed on or purchased such participation. It is acknowledged that CLI's "Hold Position" with respect to the Pep Boys I Facility as of the date hereof is $15,408,038.28, and the "Hold Position" of CLI hereunder is $14,426,255.76, such that the maximum amount of Advances currently available under the CLI Commitment is $10,165,705.96.

Hold Position with respect to the Pep Boys I Facility as of the date hereof is $2,512,225.51, and the "Hold Position" of CLI hereunder is $7,550,552.83, such that the maximum amount of Advances currently available under the CLI Commitment is $29,937,221.66.