Maximum Undrawn Amount definition

Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.
Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn,
Maximum Undrawn Amount means, with respect to any outstanding Letter of Credit as of any date, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective. Medicaid shall mean that entitlement program under Title XIX of the Social Security Act that provides federal grants to states for medical assistance programs based on specific eligibility criteria. Medicaid Provider Agreement shall mean an agreement entered into between a state agency or other such entity administering the Medicaid program and a health care provider or supplier under which the health care provider or supplier agrees to provide services for Medicaid patients in accordance with the terms of the agreement and Medicaid Regulations. Medicaid Regulations shall mean, collectively, (a) all federal statutes (whether set forth in Title XIX of the Social Security Act or elsewhere) with respect to Medicaid and any statutes succeeding thereto, (b) all applicable provisions of all federal rules, regulations, manuals and orders and administrative, reimbursement and other guidelines having the force of Law of any Governmental Body promulgated pursuant to or in connection with the statutes described in clause (a), (c) all state statutes and plans for medical assistance enacted in connection with such statutes and provisions described in clauses (a) and (b), and (d) all applicable provisions of all other guidelines having the force of Law of all Governmental Bodies promulgated pursuant to or in connection with the statutes described in clause (c) and all state administrative, reimbursement and other guidelines of all Governmental Bodies having the force of Law promulgated pursuant to or in connection with the statutes described in clause (b), in each case as may be amended, supplemented or otherwise modified from time to time.

Examples of Maximum Undrawn Amount in a sentence

Immediately upon the issuance of each Letter of Credit, each Lender holding a Revolving Commitment shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Issuer a participation in each Letter of Credit and each drawing thereunder in an amount equal to such Lender’s Revolving Commitment Percentage of the Maximum Undrawn Amount of such Letter of Credit (as in effect from time to time) and the amount of such drawing, respectively.

Notwithstanding anything to the contrary in this Section or otherwise in this Agreement, the outstanding aggregate principal amount of Swing Loans and the Revolving Advances at any one time outstanding shall not exceed an amount equal to the lesser of (i) the Maximum Revolving Advance Amount less the Maximum Undrawn Amount of all outstanding Letters of Credit or(ii) the Formula Amount.


More Definitions of Maximum Undrawn Amount

Maximum Undrawn Amount means with respect to any outstanding Letter of Credit and Air Release/Steamship Guarantees, the amount of such Letter of Credit or Air Release/Steamship Guarantee that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit or Air Release/Steamship Guarantee, whether or not any such automatic increase has become effective.
Maximum Undrawn Amount means, with respect to any outstanding Letter of Credit as of any date, the amount of such Letter of Credit (and, if the Letter of Credit was denominated in another currency, in the Dollar Equivalent amount of such Letter of Credit) that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective. Maximum US-Canada Revolving Advance Amount shall mean $100,000,000 plus any increases in accordance with Section 2.23. Maximum US-Canada Swing Loan Advance Amount shall mean $10,000,000; provided that, upon the effective date of each increase in the Maximum US-Canada Revolving Advance Amount in accordance with Section 2.23, the Maximum US-Canada Swing Loan Advance Amount shall increase by an amount equal to ten percent (10%) of the amount of such increase in the Maximum US-Canada Revolving Advance Amount. Medicaid shall mean that entitlement program under Title XIX of the Social Security Act that provides federal grants to states for medical assistance programs based on specific eligibility criteria.
Maximum Undrawn Amount means, with respect to any outstanding Letter of Credit as of any date, the amount of such Letter of Credit that is or may become available to be drawn on such date, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective. “Mexican Pledges” shall mean individually or collectively, as the context requires, the pledges subject to Mexican law granted by GXT Mexico or over any Mexican assets including but not limited to (i) a floating lien pledge over the assets of GXT Mexico and (ii) pledges over all of the Equity Interests in GXT Mexico held by GXT and Exploration. "“Modified Commitment Transfer Supplement"” shall have the meaning set forth in Section 16.3(d) hereof. "“Moody's"” means Moody's Investors Service, Inc. and any successor thereto. "“Multi-Client Data Library"” shall mean Borrowers' multi-client data library consisting of seismic surveys that are offered for licensing to Customers on a non-exclusive basis. "Multi-Client Data Library Advance Rate" shall have the meaning set forth in Section 2.1(a)(y)(v). “Multi-Client Data Library Advance Rate” shall initially mean twenty-five percent (25%) for the period from the Third Amendment Effective Date through and including September 30, 2018 and, thereafter such percentage shall be reduced by one quarter of one percentage point (0.25%) on the first (1st) Business Day of each quarter beginning October 1, 2018 until Agent receives an updated NOLV Appraisal; provided that the Multi-Client Data Library Advance Rate shall reset to twenty-five percent (25%) following Agent’s satisfactory receipt of each subsequent NOLV Appraisal. " “Multiemployer Plan"” shall mean a "“multiemployer plan"” as defined in Section 4001(a)(3) of ERISA to which contributions are required or, within the preceding five plan years were required, by any Borrower or any member of the Controlled Group. 29
Maximum Undrawn Amount means with respect to any outstanding Letter of Credit or Roll-Up Letter of Credit as of any date, the amount of such Letter of Credit or Roll-Up Letter of Credit, as applicable, that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit or Roll-Up Letter of Credit, as the case may be, whether or not any such automatic increase has become effective.

Related to Maximum Undrawn Amount

Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).
Maximum Revolving Advance Amount means $200,000,000 plus any increases in accordance with Section 2.24.
Maximum Available Amount means, at any time, the least of:
Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).