Lien amount definition
Examples of Lien amount in a sentence
Such Interim Lien Settlement shall 4159-0352-3661.14 constitute, (i) in respect of Feedstock (x) if paid by ▇▇▇▇ to the Company in respect of Feedstock, an increase in the Feedstock Lien Amount and (y) if paid by the Company to ▇▇▇▇, a decrease in the Feedstock Lien Amount and (ii) in respect of Products (x) if paid by ▇▇▇▇ to the Company, an increase in the Product Lien Amount and (y), if paid by the Company to ▇▇▇▇, a decrease in the Product Lien Amount.
The initial Lien Amount (“Initial Lien Amount”) shall equal the sum of (i) the Estimated Commencement Date Lien Value of the Estimated Included Feedstock Lien Inventory, plus (ii) the Estimated Commencement Date Lien Value of the Estimated Included Product Lien Inventory, and, subject to the satisfaction of the conditions in Section 2.1 hereof, ▇▇▇▇ shall advance the Initial Lien Amount to the Company on the Commencement Date.