Minimum Assignment Amount definition

Minimum Assignment Amount means, with respect to any assignment by any Bank of its Loans or Commitment hereunder, an amount equal to $5,000,000.
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Minimum Assignment Amount means $10,000,000 (or, if less, 5% of the Commitments then in effect of all Lenders).
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Minimum Assignment Amount has the meaning specified in Section 11.08(3).
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Examples of Minimum Assignment Amount in a sentence

  • The Purchase Offer is not conditioned on any minimum aggregate principal amount of Loans and Commitments being offered by Lenders for sale (other than the Minimum Assignment Amount (as defined herein)).

  • The Purchase Offer is not conditioned on any minimum aggregate principal amount of Designated Term Loans being offered by Lenders for sale (other than the Minimum Assignment Amount (as defined herein)).

  • The Purchase Offer is not conditioned on any minimum aggregate principal amount of Term Loans being offered by Lenders for sale (other than the Minimum Assignment Amount (as defined herein)).

  • The phrase "Minimum Assignment Amount" shall mean, the lesser of (x) $10,000,000, unless the Acquisition Loans are not funded by on or before February 26, 1999, in which case, $5,000,000, and (y) the assigning Bank's remaining combined Commitments hereunder.


More Definitions of Minimum Assignment Amount

Minimum Assignment Amount means, with respect to any assignment by any Bank of its Loans or Commitment hereunder, an amount equal to
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Minimum Assignment Amount shall have the meaning attributed thereto in Section 9.11(a)(iii).
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Minimum Assignment Amount means (x) in respect of Accommodations Outstanding and Commitments under the Term Facilities, Cdn. $5,000,000 in the aggregate, and (y) in respect of Accommodations Outstanding and Commitments under the Operating Facilities, Cdn. $1,000,000 in the aggregate. A Lender granting a participation shall, unless otherwise expressly provided in this Agreement, act on behalf of all of its Participants in all dealings with the Borrower in respect of the Credit Facilities and no Participant shall have any voting or consent rights with respect to any matter requiring the Lenders' consent other than with respect to the matters referred to in Section 12.01(2)(i), (ii), (iii) and the release or termination of all or substantially all of the Security. Participants and Assignees shall be entitled to the benefits of Section 12.06 and Section 12.07, provided that no Participant or Assignee, as applicable, shall be entitled to receive any greater payment, on a cumulative basis, pursuant to Section 12.06 and Section 12.07 than the Lender which granted the participation or assignment, as applicable, would have been entitled to receive unless such participation or assignment is effected after the occurrence and during the continuance of a Default or Event of Default.
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Minimum Assignment Amount means (x) in respect of Accommodations Outstanding and Commitments under the Term A Facility and the Term B Facility, U.S. $1,000,000 in the aggregate, and (y) in respect of Accommodations Outstanding and Commitments under the Operating Facility, U.S. $2,500,000 in the aggregate unless the 105 Agent and, provided that no Event of Default has occurred and is continuing, the Borrowers agree otherwise. There shall be no Minimum Assignment Amount upon the occurrence of an Event of Default that is continuing. A Lender granting a participation shall, unless otherwise expressly provided in this Agreement, act on behalf of all of its Participants in all dealings with the Borrowers in respect of the Credit Facilities and no Participant shall have any voting or consent rights with respect to any matter requiring the Lenders’ consent other than with respect to the matters referred to in Section 11.01(2)(i), (ii), (iii) and the release or termination of all or substantially all of the Security. Participants shall be entitled to the benefits of Section 11.06 and Section 11.07, provided that no Participant shall be entitled to receive any greater payment, on a cumulative basis, pursuant to Section 11.06 and Section 11.07 than the Lender which granted the participation would have been entitled to receive. In the case of an assignment by Royal Bank of Canada, as Term B Lender, of any interest in the Term B Facility to any Term B Assignee, such Term B Assignee shall have the same rights and benefits and be subject to the same limitations under the Credit Documents as it would have if it was a Lender. In the case of any other assignment, the Assignee shall have the same rights and benefits and be subject to the same limitations under the Credit Documents as it would have if it was a Lender, provided that no Assignee (other than with respect to any interest in the Term B Facility assigned by Royal Bank of Canada, as Term B Lender, to any Term B Assignee) shall be entitled to receive any greater payment, on a cumulative basis, pursuant to Section 11.06 and Section 11.07 than the Lender which granted the assignment would have been entitled to receive. Each Lender shall give notice to the Borrowers of any assignment or granting of a participation by such Lender in any Accommodations Outstanding to any person who is not resident or deemed to be resident in Canada for purposes of Part XIII of the ITA.
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Related to Minimum Assignment Amount

  • Assignment Amount with respect to a Bank Investor shall mean at any time an amount equal to the lesser of (i) such Bank Investor's Pro Rata Share of the Net Investment at such time and (ii) such Bank Investor's unused Commitment.

  • term assignment means, in relation to an employee, i. a term assignment within the meaning of the local collective agreement, or ii. where no such definition exists, a term assignment will be defined as twelve (12) days of continuous employment in one assignment

  • Reassignment Amount means, with respect to any Distribution Date, after giving effect to any deposits and distributions otherwise to be made on such Distribution Date, the sum of (i) the Adjusted Invested Amount on such Distribution Date, plus (ii) Monthly Interest for such Distribution Date and any Monthly Interest previously due but not distributed to the Series 1997-1 Certificateholders on a prior Distribution Date, plus (iii) the amount of Additional Interest, if any, for such Distribution Date and any Additional Interest previously due but not distributed to the Series 1997-1 Certificateholders on a prior Distribution Date.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000).

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name in Schedule 1.01A under the caption “Initial Term Commitment.” The initial aggregate principal amount of the Initial Term Commitments as of the Closing Date was $2,670,000,000.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Assignment/Amendment We reserve the right to change this Service Agreement (including the price or to charge an additional fee) and to delegate any of Our obligations at Our sole discretion provided We give You thirty (30) days’ prior written notice of the changes. The changes will become effective thirty (30) days after We send You the notice. If You do not like the changes, You may cancel this Service Agreement. You may not change this Service Agreement or delegate any of Your obligations. Should certain terms or conditions in this Service Agreement be held to be invalid or unenforceable, the remainder of the terms and conditions in this Service Agreement shall remain valid. Transfer: This Service Agreement is not transferable by You. Responsibility for benefits owed to You: This is not an insurance policy; it is a Service Agreement. HomeServe will serve as Your point-of-contact for all questions or concerns. Our obligations under this Service Agreement are insured under a service contract reimbursement insurance policy. If We fail to pay or to deliver service on a claim within sixty (60) days after proof of loss has been filed, or in the event You cancel this Service Agreement and We fail to issue any applicable refund within sixty (60) days after cancellation, You are entitled to make a claim against the insurer, Virginia Surety Company, Inc., 000 Xxxx Xxxxxxx Xxxx., 11th Floor, Chicago, IL 60604, 0-000-000-0000. Our Liability: To the extent permitted by applicable law, (1) You agree that We and HomeServe, and both of our parents, successors, affiliates, approved technicians and our and their officers, directors, employees, affiliates, agents and contractors shall not be liable to You or anyone else for: (a) any actual losses or direct damages that exceed the lowest applicable per covered repair benefit limit set out above; or (b) any amount of any form of indirect, special, punitive, incidental or consequential losses or damages, including those caused by any fault, failure, delay or defect in providing services under this Service Agreement, and (2) these limitations and waivers shall apply to all claims and all liabilities and shall survive the cancellation or expiration of this Service Agreement. You may have other rights that vary from state to state. Arbitration: YOU, NAW AND HOMESERVE ALL AGREE TO RESOLVE DISPUTES ONLY BY FINAL AND BINDING ARBITRATION OR IN SMALL CLAIMS COURT as follows:

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Qualified assignment agreement means an agreement providing for a qualified assignment within the meaning of section 130 of the Internal Revenue Code.

  • Increase Amount is defined in Section 2.3(a).

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Subordination Increase Amount As to any Distribution Date, the lesser of (i) the Subordination Deficiency and (ii) the Excess Interest.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Maximum Amount means, as of any date of determination, an amount equal to the Revolving Loan Commitment of all Lenders as of that date.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Direct Assignment Facilities means facilities or portions of facilities that are constructed for the sole use/benefit of a particular Transmission Customer requesting service under the Tariff. Direct Assignment Facilities shall be specified in the Service Agreement that governs service to the Transmission Customer and shall be subject to Commission approval.

  • Original contract price means the award price of the contract; or, for requirements contracts, the price payable for the estimated total quantity; or, for indefinite-quantity contracts, the price payable for the specified minimum quantity. Original contract price does not include the price of any options, except those options exercised at the time of contract award.

  • Permitted Loan Purchase Assignment and Acceptance means an assignment and acceptance entered into by a Lender as an Assignor and Holdings, the Borrower or any of the Subsidiaries as an Assignee, as accepted by the Administrative Agent (if required by Section 9.04) in the form of Exhibit G or such other form as shall be approved by the Administrative Agent and the Borrower (such approval not to be unreasonably withheld or delayed).