Operating Amount definition

Operating Amount means Cdn. $35,000,000 or such other maximum amount as may be available to the Borrower from time to time under the Operating Credit Agreement;
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Operating Amount means an amount, whether positive or negative, equal to the Interim Revenue Amount minus the Interim Expense Amount and calculated in a manner that is consistent with the illustrative calculation in Exhibit C; provided, that, notwithstanding anything herein to the contrary, for purposes of computing the Operating Amount for a Closing Date that occurs on a day other than the first day of a month, the components of the Operating Amount related to the operations of the Company during the Closing Month will be allocated to the Interim Period on a pro rata basis using a fraction, the numerator of which is the number of days in the Closing Month prior to the Closing Date and the denominator of which is the number of days in the Closing Month.
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Operating Amount. As defined in Section 3.1.
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Examples of Operating Amount in a sentence

  • In the event the Excess Operating Amount exceeds the amount of the Management Fee or Administrative Fee for the month, as applicable, RE Advisers, in addition to waiving its entire Management Fee or Administrative Fee for such month, shall also assume as its own expense and reimburse the Fund for the difference between the Excess Operating Amount and the Management Fee or Administrative Fee.

  • In the event that RE Advisers is liable for an Excess Operating Amount with respect to a Fund pursuant to Section 1.3, RE Advisers shall pay such Excess Operating Amount by first waiving or reducing (i) its Management Fee for such month, in the case of a Fund other than the Stock Index Fund, or (ii) its Administrative Fee for such month, in the case of the Stock Index Fund.

  • Operating: Amount reported for operating costs should include all of the following items: insurance, professional fees and audit, postage, office and program supplies, utilities, maintenance, equipment and furnishings depreciation, telephone,training and conferences, food and household supplies, travel, vehicle costs and depreciation, and other operating related costs.

  • To determine the Investment Manager's liability for the Excess Operating Amount, the Fund Operating Expenses shall be annualized monthly as of the last day of the month.

  • If the annualized Fund Operating Expenses for any month exceed the Operating Expense Limit, the Investment Manager shall first waive or reduce its investment management fee for such month, as appropriate, to the extent necessary to pay such Excess Operating Amount.

  • If the year to date Fund Operating Expenses for any month exceed the year to date Operating Expense Limit, the Investment Manager shall first waive or reduce its investment management fee for such month, as appropriate, to the extent necessary to pay such Excess Operating Amount.

  • To determine the Investment Manager’s liability for the Excess Operating Amount, Fund Operating Expenses are compared to the Operating Expense Limit.

  • The loans, if any, shall be repaid to Apple out of the Net Operating Amount generated in subsequent months and become immediately due and payable if the Orthodontist terminates his employment with the Orthodontic Entity, for any reason.

  • Apple shall make available to the Orthodontic Entity an interest free line of credit ("Initial Working Capital Line") for the initial working capital needs of the Orthodontic Entity, up to a maximum amount equal to the reduction in Net Operating Amount attributable to changes in patient payment schedules.

  • Not permit the Cumulative Net Cash Operating Amount as of the last day of any Fiscal Quarter to exceed $(5,000,000) (negative) (excluding any Interest Expense), provided that the Cumulative Net Cash Operating Amount shall be prorated for the number of days in the Fiscal Quarter in which the Closing Date occurs.


More Definitions of Operating Amount

Operating Amount means $22,000,000.
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Operating Amount means an amount, whether positive or negative, equal to the Interim Revenue Amount minus the Interim Expense Amount and calculated in a manner that is consistent with the illustrative calculation in Exhibit C ; provided , that, notwithstanding anything herein to the contrary, for purposes of computing the Operating Amount for a Closing Date that occurs on a day other than the first day of a month, the components of the Operating Amount related to the operations of the Company during the Closing Month will be allocated to the Interim Period on a pro rata basis using a fraction, the numerator of which is the number of days in the Closing Month prior to the Closing Date and the denominator of which is the number of days in the Closing Month.
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Operating Amount means, as of any date of determination, an amount ---------------- equal to the UK Sub's or Canadian Sub's, as applicable, anticipated expenditures (forecasted for the next 30 days) that are to be made in the ordinary course of business, including, without limitation, taxes, payroll expenses, or lease payments.
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Related to Operating Amount

  • Ceiling Amount has the meaning assigned to such term in Section 9.10(a).

  • Funding Amount has the meaning specified in Section 3.2(a).

  • Booking Amount means 10% of the Total Consideration of the Apartment which includes the Application Money;

  • Closing Amount has the meaning set forth in Section 2.2(a).

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Cumulative Servicing Amount means the sum of the Period Servicing Amounts for every consecutive twelve-month period prior to and ending on the True-Up Measurement Date in respect of each of the Shared-Loss Agreements during which the loss- sharing provisions of the applicable Shared-Loss Agreement is in effect.

  • Expense Amount As defined in Section 11.01(b) hereof.

  • Period Servicing Amount means, for any twelve month period with respect to each of the Shared-Loss Agreements during which the loss-sharing provisions of the applicable Shared-Loss Agreement are in effect, the product of (i) the simple average of the principal amount of Shared-Loss Loans and Shared-Loss Assets (other than the Shared-Loss Securities) (in each case as defined in the Shared-Loss Agreements), as the case may be, at the beginning of such period and at the end of such period times (ii) one percent (1%).

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Total Fund Operating Expenses with respect to a Fund is defined to include all expenses necessary or appropriate for the operation of the Fund including the Adviser’s investment advisory or management fee under the Advisory Agreement and other expenses described in the Advisory Agreement that the Fund is responsible for and have not been assumed by the Adviser, but excludes front-end or contingent deferred loads, taxes, leverage expenses, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any.

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

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

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

  • Floating Amount The product of (a) the Notional Amount (b) the Floating Rate Day Count Fraction and (c) the Settlement Spread which shall be calculated in accordance with the following formula: If USD-LIBOR-BBA is greater than the Cap Rate I for the applicable Calculation Period, then Settlement Spread = (USD-LIBOR-BBA - applicable Cap Rate I) provided, however, that if USD-LIBOR-BBA for any Calculation Period is greater than the Cap Rate II then the USD-LIBOR-BBA for such Calculation Period shall be deemed to be the Cap Rate II. If 1 Month USD-LIBOR-BBA is less than or equal to the Cap Rate I for the applicable Calculation Period, then Settlement Spread = Zero. Floating Rate for initial Calculation Period: To be determined Floating Rate Option: USD-LIBOR-BBA Designated Maturity: 1 month Spread: None Floating Rate Day Count Fraction: 30/360 Reset Dates: First day of each Calculation Period. Business Days: New York Calculation Agent: Party A

  • Reconciliation Amount has the meaning given to it in paragraph 9.9 of Schedule 9.1 (Financial and Other Consequences of Change);

  • Excess Funding Amount means the amount on deposit in the Excess Funding Account.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Daily Cash Amount means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day.

  • Reimbursement Amount As defined in Section 2.04.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • PIPE Investment Amount means the aggregate gross purchase price received by Acquiror prior to or substantially concurrently with Closing for the shares in the PIPE Investment.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.