PTMI definition
Examples of PTMI in a sentence
Toxicological guidance values can be Acceptable Daily Intake (ADI) for food additives, pesticides and veterinary drugs, and Tolerable Daily Intake (TDI), Provisional Tolerable Weekly Intake (PTWI) and Provisional Tolerable Monthly Intake (PTMI) for other contaminants.
The PTMI Security Agent will not be entitled to exercise its rights under Section 2 of the Put Agreement after the occurrence of a Put Event unless FCX has defaulted in its obligation to consummate the purchase and assumption of the PTMI Loan Rights at the time and in the manner required hereby.
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Notwithstanding anything to the contrary contained in the Put Agreement, if a Put Event occurs, then not later than the second Business Day thereafter, FCX will purchase and assume the PTMI Loan Rights for a purchase price equal to the "Put Price" (as defined in the Put Agreement).
The Non-Collateralized Portion of each PTMI Loan in respect of which supplemental interest is payable hereunder will be calculated and applied in respect of each date on which interest accrues, and adjustments therein will be effective from and after the date of any change in the outstanding PTMI Loans or the Collateralized PTMI Advances (but not retroactively).
Each of the Tranche 1 Lenders, the PTMI Security Agent and FCX agrees that the provisions of this Section will be deemed an amendment of the Put Agreement; provided, however, that nothing in this Section shall be deemed to constitute a waiver by FCX of any rights it may have under this Agreement or otherwise against any Tranche 1 Lender that defaults in its obligation under this Agreement to make Tranche 1 Term Loans to FCX.
Upon the occurrence of the Effective Date, each Tranche 1 Lender hereby waives any "Event of Default" (as defined in the Existing PTMI Agreement) arising under Section 9.01(m) of the Existing PTMI Agreement.
Each PTMI Collateralized Letter of Credit shall name the Administrative Agent (in such capacity and acting on behalf of the Tranche 1 Lenders) as beneficiary and shall have a stated expiration date of September 17, 2003.
PTMI Collateralized Letters of Credit will be issued hereunder only to enable FCX to fulfill its obligations under Section 2.10(g).
For purposes hereof, the "Non- Collateralized Portion" of each PTMI Loan of any Tranche 1 Lender on any date shall mean the principal amount of all PTMI Loans of such Lender multiplied by a fraction (i) the numerator of which is (x) the aggregate amount of PTMI Loans outstanding on such date minus (y) the amount of Collateralized PTMI Advances on such date and (ii) the denominator of which is the aggregate amount of PTMI Loans outstanding on such date.