Rentals Maximum Amount definition

Rentals Maximum Amount means (i) $50,000,000 during the Borrower's 2004 fiscal year, (ii) $52,500,000 during the Borrower's 2005 fiscal year, (iii) $55,000,000 during the Borrower's 2006 fiscal year and (iv) $57,500,000 during each fiscal year thereafter; provided that the Rentals Maximum Amount shall be increased as follows: if any Permitted Acquisition with a Purchase Price in excess of $2,000,000 has occurred during the period for which such Rentals Maximum Amount was calculated, such Permitted Acquisition shall be deemed to have occurred on the first day of the relevant period for which such Rentals Maximum Amount was calculated (on a pro forma basis reasonably acceptable to the Administrative Agent) and such Rentals Maximum Amount for such period and all future periods shall be increased by the incremental amount of such projected Rentals."
Sample 1
Rentals Maximum Amount means (i) $47,500,000 during the Borrower's 2004 fiscal year, (ii) $50,000,000 during the Borrower's 2005 fiscal year, (iii) $52,500,000 during the Borrower's 2006 fiscal year and (iv) $55,000,000 during each fiscal year thereafter.
Sample 1
Rentals Maximum Amount appearing in Section 1.1 is amended and restated in its entirety to read as follows:
Sample 1

Examples of Rentals Maximum Amount in a sentence

  • The Borrower shall not permit, nor shall it permit any Subsidiary to, create, pay or incur aggregate Rentals in excess of the Rentals Maximum Amount for any fiscal year during the term of this Agreement on a consolidated basis for the Borrower and its Subsidiaries.


More Definitions of Rentals Maximum Amount

Rentals Maximum Amount means, during any fiscal year of the Borrower, an aggregate amount not to exceed 20% of the Consolidated Net Worth of the Borrower (as of the end of the most recently completed fiscal year of the Borrower).
Sample 1

Related to Rentals Maximum Amount

  • Adjusted Maximum Amount means, with respect to a Contributing Guarantor as of any date of determination, the maximum aggregate amount of the obligations of such Contributing Guarantor under this Guaranty or a Related Guaranty, in each case determined in accordance with the provisions hereof and thereof; provided that, solely for purposes of calculating the “Adjusted Maximum Amount” with respect to any Contributing Guarantor for purposes of this paragraph 2, the assets or liabilities arising by virtue of any rights to or obligations of contribution hereunder or under any similar provision contained in a Related Guaranty shall not be considered as assets or liabilities of such Contributing Guarantor. “Aggregate Payments” means, with respect to a Contributing Guarantor as of any date of determination, the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty and the Related Guaranties (including, without limitation, in respect of this paragraph 2 or any similar provision contained in a Related Guaranty). The amounts payable as contributions hereunder and under similar provisions in the Related Guaranties shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Contributing Guarantors of their obligations as set forth in this paragraph 2 or any similar provision contained in a Related Guaranty shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder or under a Related Guaranty. Each Contributing Guarantor under a Related Guaranty is a third party beneficiary to the contribution agreement set forth in this paragraph 2.

  • Maximum Amount means the Maximum Amount as specified in § 1 of the Product and Underlying Data.

  • Minimum Amount means the Minimum Amount as specified in § 1 of the Product and Underlying Data.

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Credit allowance date means with respect to any qualified equity investment:

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of:

  • Maximum allowable cost list means a list of drugs for

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Letter of Credit Maximum Amount means $5,000,000; provided that, on and after the Maturity Date, the Letter of Credit Maximum Amount shall be zero.

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Increase Amount is defined in Section 2.3(a).

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Maximum Put Amount means the lesser of (i) Two Hundred Fifty Thousand Dollars ($250,000), or (ii) Two Hundred Fifty percent (250%) of the average of the Dollar Volume for the twenty (20) Trading Days immediately preceding the Put Date.

  • Minimum Purchase Amount means an amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero and (ii) pay to the respective Noteholders the Class A Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $50,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

  • Maximum Purchase Amount means, for any CP Conduit, the aggregate Commitments of its Committed Purchasers, as set forth on Schedule I hereto.

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Issuance Amount means the aggregate Sales Price of the Shares to be sold by the Agent pursuant to any Issuance Notice.