M&E Component means, at the time of any determination, an amount allocable to the machinery and equipment of the Borrower and the Guarantors, which amount shall be equal to not less than $200,000,000, subject to adjustment: (i) from time to time upon receipt of periodic valuation updates received from the Agent's internal or third party asset valuation experts; or (ii) concurrent with the sale or commitment to sell any assets constituting part of the M&E Component.
M&E Component means, at the time of any determination, an amount equal to the lesser of (a) $75,000,000 multiplied by the M&E Amortization Factor at such time and (b) an amount equal to (i) 85% of the Net Orderly Liquidation Value of the Loan Parties’ Eligible Equipment multiplied by (ii) the M&E Amortization Factor at such time. It is hereby understood and agreed that any appraisal of Equipment conducted after the Effective Date shall result in the M&E Component being revalued at the lower of (i) the M&E Component immediately prior to (and without giving effect to) such appraisal and (ii) the M&E Component calculated after giving effect to such appraisal (and, in any event, such appraisal shall not result in an increase in the value of the M&E Component).
M&E Component means, at the time of any determination, an amount equal to the lesser of (a) $100,000,000 multiplied by the M&E Amortization Factor at such time and (b) an amount equal to (i) 85% of the Net Orderly Liquidation Value of the Loan Parties’ Eligible Equipment multiplied by (ii) the
Examples of M&E Component in a sentence
The DA needed to hold the amount for the M&E Component and the US$5,384,400 of unused balance for the Fertilizer Component, to be used for fertilizer import in 2010.
The M&E Component would track the importation and distribution of fertilizers (and of complementary inputs) and assess the efficiency of the distribution system as well as the revealed demand by the farmer beneficiaries, and evaluate the impact of the Project on the farm beneficiaries.
The Monitoring and Evaluation (M&E) Component is responsible for assessing the performance of the program and achievement of desired results.
Action 4 requested the following information: Confirm emergency plans, procedures, and equipment are current, functional, and have been appropriately tested, including plans and procedures for response to natural phenomena events that could have sitewide impacts or impacts on regional support infrastructure.The submittals indicated that sites have established emergency management programs in accordance with DOE Order 151.1C, Comprehensive Emergency Management System.
However, this risk was discussed and the Government made a firm commitment to the M&E Component during negotiations, mitigating this risk.
More Definitions of M&E Component
M&E Component means the lesser of (a) $8,600,000 and (b) 80.0% of the NOLV of Eligible M&E (net of Reserves with respect to M&E not already reflected in the determination of the NOLV); provided, that the amount in clause (a) shall be reduced (i) by an amount equal to $250,000 on each of July 31, 2014, October 31, 2014, January 31, 2015, and April 30, 2015 and (ii) by an amount equal to $312,500 on July 31, 2015 and on the last day of each October, January, April and July thereafter (each such decrease in amount, an “M&E Depreciation Amount”).
M&E Component at the time of any determination, an amount equal to the lesser of (i) 25% of the Liquidation Value of certain machinery and equipment owned by the Company, all as determined in good faith by the Administrative Agent from time to time, (ii) $7,000,000, and (iii) 10% of the Total Revolving Credit Commitments.
M&E Component set forth in Section 1.01 of the Credit Agreement is hereby amended and restated to read as follows:
M&E Component means, at the time of any determination, an amount equal to (a) prior to the effectiveness of any Secured Alternative Financing that is secured by a first priority security interest in Equipment, the lesser of (i) $100,000,000 multiplied by the M&E Amortization Factor at such time and (ii) an amount equal to (x) 85% of the Net Orderly Liquidation Value of the Loan Parties’ Eligible Equipment multiplied by (y) the M&E Amortization Factor at such time and (b) on and after the effectiveness of any Secured Alternative Financing that is secured by a first priority security interest in Equipment, $0.
M&E Component means an amount equal to the sum of (i) the least of (A) $20,000,000, (B) 80% of the Net Orderly Liquidation Value of the Eligible Equipment of the Loan Parties, and (C) 60% of the Net Book Value of the Eligible Equipment of the Loan Parties and (ii) from January 28th through July 31st of each year, $10,000,000.
M&E Component means, at the time of any determination, an amount equal to the lesser of (a) 75% of the Net Orderly Liquidation Value of the Borrowers' Eligible US Equipment less Reserves established by the US Administrative Agent in its Permitted Discretion, or (b) $2,217,694; provided that the M&E Component shall be reduced (i) at the end of each fiscal quarter of the Company by an amount equal to one-twentieth (1/20) of the original M&E Component on the Effective Date, and (ii) at the time of sale of any Eligible US Equipment, by an amount equal to 75% of the Net Orderly Liquidation Value of such Eligible US Equipment (as set forth in most recent appraisal received by the US Administrative Agent but excluding the amortized portion under clause (i) above).
M&E Component means, at the time of any determination, (a) prior to the M&E Inclusion Date, an amount equal to zero ($0) and (b) on or after the M&E Inclusion Date, an amount equal to the lesser of (x) the result of (i) 85% of the Net Orderly Liquidation Value of the Borrowers' Eligible Equipment minus (ii) the sum of (1) Reserves established by the Administrative Agent in its Permitted Discretion and (2) the aggregate amount of M&E Amortization attributable to Eligible Equipment included in the determination of clause (x)(i) and (y) 7,500,000.