Priority Cap definition

Priority Cap means £5,000,000.00 (five million pounds), or such higher amount as is agreed to by all the Lenders.
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Priority Cap means the initial principal amount of US $6,000,000, thereafter reduced permanently from time to time in the principal amount or amounts, if any, which correspond to the principal amount or amounts of payments received or collected by SaaS in respect of the SaaS Credit Agreement.”
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Priority Cap means the amount of $82,500,000.
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Examples of Priority Cap in a sentence

  • The Administrative Agent is hereby authorized and instructed to enter into such amendments of the Bank of America Intercreditor Agreement as the Administrative Agent determines are appropriate in connection with the Priority Cap Release, the Specified Subsidiaries Transactions and the BofA Facility Refinancing, and each Lender will be bound by the Bank of America Intercreditor Agreement as so amended.

Related to Priority Cap

  • Priority Amount As to any Distribution Date, the amount equal to the sum of (i) the product of (A) the Scheduled Principal Distribution Amount, (B) the Shift Percentage and (C) the Priority Percentage and (ii) the product of (A) the Unscheduled Principal Distribution Amount, (B) the Shift Percentage and (C) the Priority Percentage.

  • Priority Lien Cap means $10.0 million.

  • priority date means the date of the earlier application that serves as the basis for the right of priority provided for in the Paris Convention;

  • Priority Debt means, as of any date, the sum (without duplication) of (i) Indebtedness of the Company and its Subsidiaries secured by Liens not otherwise permitted by Sections 10.4(a) through (h), and (ii) outstanding unsecured Indebtedness of Subsidiaries not otherwise permitted by Sections 10.3(a) through (d).

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.