The volumes set out in Table 2 refer to all BM Units eligible for a Reactive Utilisation Payment (default plus market).
Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.
Utilisation means a utilisation of the Facility.
Tranche A Advance has the meaning specified in Section 2.01(a).
Tranche C Term Loan as defined in Section 2.1.
Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.
Performance Bank Guarantee/ Security Deposit means interest free amount to be deposited by the Contractor with NMRC as per terms and conditions of Contract Agreement as a security against the performance of the Contract agreement
L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.
Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).
Tranche C Loan has the meaning specified in Section 2.01(c).
Drawdown means a drawdown of an Advance;
Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................
Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.
Minimum Tranche Amount has the meaning specified in Section 2.15(b).
L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).
Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).
Tranche B Term Loan as defined in Section 2.1.
Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.
Subsidized Xxxxxxxx Loan means a Loan for which the interest rate is governed by Section 427A(a) or 427A(d) of the Higher Education Act.
Floating Day Count Fraction means, in respect of the calculation of an amount of interest for any Interest Period:
Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.
Tranche A Loan shall have the meaning set forth in Section 2.01(a).
Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).
Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.
New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).
Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;