Definition of PP&E Amortization Factor

  1. PP&E Amortization Factor means 1 minus a fraction, the numerator of which is the number of full calendar quarters elapsed as of any date of determination (including any calendar quarter ending on the date of determination) since the Effective Date, (but in no event more than 28) and the denominator of which is 28.

Examples of PP&E Amortization Factor in a sentence

  1. U.S. PP&E Component means, at the time of any determination, an amount equal to the PP&E Amortization Factor multiplied by the lesser of (a) 75% of the fair market value of the U.S. Loan Parties Eligible Real Estate plus 85% of the Net Orderly Liquidation Value of the U.S. Loan Parties Eligible Equipment minus Reserves established by the Administrative Agent, or (b) $75,000,000.

Definition of PP&E Amortization Factor in Amended and Restated Credit Agreement

PP&E Amortization Factor means 1 minus a fraction, the numerator of which is the number of full calendar quarters elapsed as of any date of determination (including any calendar quarter ending on the date of determination) since the Effective Date, (but in no event more than 28) and the denominator of which is 28.