RLT Amount definition

RLT Amount means the sum of ONE MILLION TWO HUNDRED THOUSAND AND NO/100 DOLLARS ($1,200,000.00).
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Examples of RLT Amount in a sentence

  • There shall be due and payable from Borrower to Lender, and Borrower shall immediately repay to Lender, without notice or demand, from time to time, (i) any amount by which the outstanding principal balance of the RLT exceeds the RLT Amount, and (ii) any amount by which the outstanding principal balance of the RLT plus the outstanding principal balance of the RLC exceeds the Borrowing Base.

  • Lender agrees to loan to or for the benefit of Borrower, and Borrower agrees to draw upon and borrow, in the manner and upon the terms and conditions contained in this Loan Agreement, amounts that in the aggregate at any time outstanding shall not exceed the RLT Amount.

  • For each month (or portion thereof), the unused commitment fee shall be equal to (A) the RLT Amount minus (B) the "average monthly outstandings" for the month (or portion thereof) with respect to which the Unused RLT Fee is being computed, with the resulting number multiplied by (C) one-twelfth (1/12th) of the rate per annum set forth above.

  • Prior to the RLT Termination Date, an unused RLT fee (the "Unused RLT Fee") computed at the rate of one-quarter of one percent (.25%) per annum on the unused portion of the RLT Amount, calculated from the date of the RLT Note shall be payable monthly in arrears.

Related to RLT Amount

  • Default Amount means, as to any Defaulted Account, the amount of Principal Receivables (other than Ineligible Receivables, unless there is an Insolvency Event with respect to Comenity Bank or the Transferor) in such Defaulted Account on the day it became a Defaulted Account.

  • Aggregate Investor Default Amount means, with respect to any Monthly Period, the sum of the Investor Default Amounts in respect of such Monthly Period.

  • Class A Investor Default Amount means, with respect to each Distribution Date, an amount equal to the product of (i) the Investor Default Amount for such Distribution Date and (ii) the Class A Floating Percentage for such Monthly Period.

  • Class B Investor Default Amount means, with respect to each Distribution Date, an amount equal to the product of (i) the Investor Default Amount for such Distribution Date and (ii) the Class B Floating Percentage for such Monthly Period.

  • Investor Default Amount means, with respect to any Distribution Date, an amount equal to the product of (a) the Defaulted Amount for the related Monthly Period and (b) the Floating Allocation Percentage for such Monthly Period.