Maximum Permitted Amount definition

Maximum Permitted Amount means the maximum rate agreed between the Proprietor and the NTPF for Long-Term Residential Care Services pursuant to Section 41 of the Act of 2009.

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Maximum Permitted Amount means, at any time, an amount equal to the sum of (i) the Permitted Amount (as defined in the Stockholders Agreement) and (ii) 42,000,000 (as adjusted for stock splits, stock dividends, reverse stock splits and the like) Common Shares.

Maximum Permitted Amount shall have the meaning specified in Section 10.30.

Examples of Maximum Permitted Amount in a sentence

• The Company shall not permit, during each period of time specified in the immediately following sentence, the aggregate Consolidated Capital Expenditures for the Company and its Subsidiaries to exceed the Maximum Permitted Amount for such period.

• Notwithstanding anything in the Collateral Documents to the contrary, the aggregate amount of all of the Obligations from time to time secured by the Collateral Documents shall not at any time exceed the Maximum Permitted Amount.

• The Borrower shall, without discretion, return or direct the Trustee to return to TxDOT any amounts included in an advance under the Toll Equity Loan Commitment that are in excess of the Maximum Permitted Amount for an advance, the Maximum Available Annual Amount for a Draw Period or the Maximum Available Aggregate Amount immediately upon becoming aware of such amounts, and any such amount returned to TxDOT shall reduce the amount of principal of the Toll Equity Loan Note.

• Notwithstanding the other provisions of this Agreement, in computing loan availability under the Revolving Note, the Bank will subtract from the Maximum Permitted Amount of Revolving Credit the aggregate amount of Revolving Loans outstanding upon the Revolving Note.

• The Borrowers shall not, nor shall they permit any Subsidiary to, expend capital expenditures (as determined in accordance with GAAP) in an aggregate amount in excess of the Maximum Permitted Amount during any fiscal year of the Parent.

More Definitions of Maximum Permitted Amount

Maximum Permitted Amount means the lesser of (i) debt service payments associated with the Senior Project Debt for the applicable period for which an advance is requested, plus Operating Expenses, Major Maintenance Expenses and Capital Expenditures up to the amounts for the applicable period as set forth in the Project Budget, but minus balances available in the Capitalized Interest Fund for the payment of interest on the Series 2010 First Tier Bonds and the Series 2011 First Tier Bonds for the applicable period to the extent that a portion of a requested advance is to be used to pay interest on the Series 2010 First Tier Bonds and the Series 2011 First Tier Bonds, minus any Revenues deposited into the Revenue Fund during the applicable period, minus any available amounts in the Annual Operating Budget Account of the Operating Fund, Annual Operating Budget Account of the Major Maintenance Fund, Annual Operating Budget Account of the Capital Expenditures Fund, Major Maintenance Reserve Fund, Rate Stabilization Fund, Capital Expenditures Reserve Fund and General Fund; and (ii) the Maximum Available Annual Amount for the applicable period for which an advance is requested, minus balances in the Capitalized Interest Fund for the payment of interest on the Series 2010 First Tier Bonds and the Series 2011 First Tier Bonds for the applicable period to the extent that a portion of a requested advance is to be used to pay interest on the Series 2010 First Tier Bonds and the Series 2011 First Tier Bonds, minus any Revenues deposited into the Revenue Fund during the applicable period, minus any available amounts in the Annual Operating Budget Account of the Operating Fund, Annual Operating Budget Account of the Major Maintenance Fund, Annual Operating Budget Account of the Capital Expenditures Fund, Major Maintenance Reserve Fund, Rate Stabilization Fund, Capital Expenditures Reserve Fund and General Fund.

Maximum Permitted Amount means such term as defined in Section 8.6.

Maximum Permitted Amount means, at any time, the greater of (i) $30 million (minus any amount used to permanently repay First Priority Lien Obligations, or permanently reduce the commitments with respect thereto, pursuant to Section 4.10) and (ii) the sum of (A) 85% of the net book value of accounts receivable, plus (B) 60% of the net book value of the inventory, in each case of the Company and the Guarantors on a consolidated basis, at such time.

Maximum Permitted Amount means (i) for the calendar year ending on December 31, 1999, the sum of (x) $500,000 plus (y) the amount (if any) by which the actual Capital Expenditures for the immediately preceding calendar year were less than $1,250,000; (ii) for the calendar year ending on December 31, 2000, the sum of (x) $500,000 plus (y) the amount (if any) by which the actual Capital Expenditures for the immediately preceding two calendar year, taken together, were less than $1,750,000; (iii) for the calendar year ending on December 31, 2001, the sum of (x) $500,000 plus (y) the lesser of $500,000 or the amount (if any) by which the actual Capital Expenditures for the calendar year ending on December 31, 2000 were less than the Maximum Permitted Amount for the calendar year ending December 31, 2000; and (iv) for each calendar year thereafter, the sum of (x) $500,000 plus (y) the amount (if any) by which the actual Capital Expenditures for the immediately preceding calendar year were less than $500,000."

Maximum Permitted Amount means $175,000 per year.

Maximum Permitted Amount means (i) $10,000,000 if Availability of at least $30,000,000 (computed assuming the Activated Revolving Credit Commitments are $100,000,000) exists at all times during such fiscal year and for sixty (60) days after such fiscal year ends after giving effect thereto, (ii) $7,500,000 if Availability of at least $20,000,000 (computed as provided above) exists at all times during such fiscal year and for sixty (60) days after such fiscal year ends after giving effect to such expenditure and (iii) $5,000,000 at all other times, provided in each case no Event of Default or Potential Default shall have occurred and be continuing.

Maximum Permitted Amount means (i) $20,000,000 during the fiscal year of the Company ending on or about December 31, 2003 and (ii) $25,000,000 during each fiscal year thereafter (each such amount to include the amount of any capital expenditures made as described in subparagraph (i) of the definition of "Permitted Foreign Subsidiary Support"), and provided that up to $2,500,000 of the Maximum Permitted Amount not incurred by the Company and its Subsidiaries during any fiscal year may be carried over and used to increase the amount of Consolidated Capital Expenditures which may be incurred in the immediately succeeding fiscal year.