Relevant Amount definition
Examples of Relevant Amount in a sentence
The Contracting Wholesaler hereby agrees that (subject to the provisions of this Agreement) for the duration of this Agreement, if from time to time the value of the Unsecured Credit Allowance to which the Contracting Retailer is entitled in accordance with the Contract (the Allowable Value) is less than the Relevant Amount, the Contracting Wholesaler shall allow the Contracting Retailer by way of Alternative Eligible Credit Support an amount equal to the Agreed Allowance.
The Borrower hereby agrees with the Agent that notwithstanding any other provision of this Agreement subject as contemplated in clause 2.3.7 each Relevant Amount of the Minimum Borrower Shareholders’ Equity and/or Additional Shareholders’ Equity shall be paid to the Agent and each such Relevant Amount paid shall be aggregated with each relevant Drawing and paid by the Agent pursuant to the provisions of clause 2.3.9.
Each Bank will participate in each Revolving Credit Advance made pursuant to this Clause 3 through its Facility Office specified in relation to Revolving Credit Advances in its Relevant Amount.
CREDIT Each Bank will participate in the issuance of each Letter of Credit and each Existing Letter of Credit through its Facility Office specified in relation to the Letter of Credit Facility to the extent of its Relevant Amount.
Lessor in respect of this Lease, and interest on any Relevant Amount which is a negative amount is (or would be had it actually been payable by the Lessor) deductible in computing the taxable profits of the Lessor.