MWA Minimum Usage Amount definition

MWA Minimum Usage Amount means, an amount equal to 60% of the Maximum Facility Amount; provided that if the Borrower increases the Maximum Facility Amount in accordance with Section 2.15, upon such increase, (x) for the period from the applicable Incremental Commitment Effective Date until the date that is 12 months after such Incremental Commitment Effective Date, only 40% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount and (y) thereafter, 60% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount.
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MWA Minimum Usage Amount means, an amount equal to (A) for the period from the Closing Date until the date that is twelve (12) months after the Closing Date, 0% of the Maximum Facility Amount as of such date, and (B) thereafter, 70% of the Maximum Facility Amount as of such date; provided that if the Borrower increases the Maximum Facility Amount in accordance with Section 2.15, upon such increase, (x) for the period from the applicable Incremental Commitment Effective Date until the date that is twelve (12) months after such Incremental Commitment Effective Date, 40% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount and (y) thereafter, 70% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount.
Sample 1Sample 2
MWA Minimum Usage Amount means, an amount equal to (A) for the period from the Closing Date until the date that is twelve (12) months after the Closing Date, 0% of the Maximum Facility Amount as of such date, and (B) thereafter, 70% of the Maximum Facility Amount as of such date; provided that if the Borrower increases the Maximum Facility Amount in accordance with Section 2.15, upon such increase, (x) for the period from the applicable Incremental Commitment Effective Date until the date that is twelve (12) months after such Incremental Commitment Effective Date, 40% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount and (y) thereafter, 70% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount. "MWA Percentage" means, with respect to any permanent reduction of the Commitments, the ratio (expressed as a percentage) of (i) the difference of (x) the MWA Minimum Usage Amount
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Related to MWA Minimum Usage Amount

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Minimum Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by (b) the Dilution Horizon Ratio.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • Like Amount means (a) with respect to a redemption of any Trust Securities, Trust Securities having a Liquidation Amount equal to the principal amount of Notes to be contemporaneously redeemed or paid at maturity in accordance with the Indenture, the proceeds of which will be used to pay the Redemption Price of such Trust Securities, (b) with respect to a distribution of Notes to Holders of Trust Securities in connection with a dissolution of the Trust, Notes having a principal amount equal to the Liquidation Amount of the Trust Securities of the Holder to whom such Notes are distributed and (c) with respect to any distribution of Additional Interest Amounts to Holders of Trust Securities, Notes having a principal amount equal to the Liquidation Amount of the Trust Securities in respect of which such distribution is made.

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of:

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Excess Concentration Amount means, as of any date of determination on which any one or more of the Concentration Limitations are exceeded, an amount (calculated by the Servicer and without duplication) equal to the Dollar Equivalent of the portion of the Adjusted Principal Balance of each Eligible Collateral Loan that causes such Concentration Limitation to be exceeded.

  • Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and