Roll Forward Amount definition

Roll Forward Amount as defined in the Original Credit Agreement through the fiscal year ended December 31, 2021, which amount is set forth on Schedule 1.01A, plus (b) the cumulative unused Dollar amount relating to such action referred to in such covenant from all prior fiscal years commencing with and including the full fiscal year ending December 31, 2022, (it being understood that such unused amounts shall be calculated independently for each covenant that references a Roll Forward Amount, irrespective of any application of such Roll Forward Amount for the purpose of another covenant). For purposes of computing the Roll Forward Amount attributable to any fiscal year, the unused Dollar amount shall be determined according to the Adjusted Total Assets measured as of the end of such fiscal year. The unused amount for any period during which the limitations in Section 7.10(a) or 7.11 shall not be in effect shall be the unused amount as if the Leverage Ratio had been equal to or greater than 6.00:1:00 at all times from and after December 31, 2021. In no event shall the Roll Forward Amount be negative.

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Roll Forward Amount means, with respect to any covenant that permits an action to be taken in a fiscal year with reference to Adjusted Total Assets, the cumulative unused Dollar amount relating to such action referred to in such covenant from all prior fiscal years commencing with and including the full fiscal year ending nearest to December 31, 2004, it being understood that such unused amounts shall be calculated independently for each covenant that references a Roll Forward Amount, irrespective of any application of such Roll Forward Amount for the purpose of another covenant. For purposes of computing the Roll Forward Amount attributable to any fiscal year, the unused Dollar amount shall be determined according to the Adjusted Total Assets measured as of the end of such fiscal year. The unused amount for any period during which the limitations in Section 11.10(a), 11.11(a) or 11.12(a) shall not be in effect shall be the unused amount as if the Leverage Ratio had been equal to or greater than 6.00:1:00 at all times from and after the Effective Date. In no event shall the Roll Forward Amount be negative.

Roll Forward Amount means, with respect to any covenant that permits an action to be taken in a fiscal year with reference to Adjusted Total Assets, the sum of (x) the “Roll Forward Amount” as defined in the Existing Credit Agreement through the fiscal year ended December 31, 2010, which amount is set forth on Schedule 1.01A, plus (y) the cumulative unused Dollar amount relating to such action referred to in such covenant from all prior fiscal years commencing with and including the full fiscal year ending nearest to December 31, 2011 (it being understood that such unused amounts shall be calculated independently for each covenant that references a Roll Forward Amount, irrespective of any application of such Roll Forward Amount for the purpose of another covenant). For purposes of computing the Roll Forward Amount attributable to any fiscal year, the unused Dollar amount shall be determined according to the Adjusted Total Assets measured as of the end of such fiscal year. The unused amount for any period during which the limitations in Section 7.10(a) or 7.11(a) shall not be in effect shall be the unused amount as if the Leverage Ratio had been equal to or greater than 6.00:1:00 at all times from and after the Closing Date. In no event shall the Roll Forward Amount be negative.

Examples of Roll Forward Amount in a sentence

The entire amount of such excess shall be known as a "Positive Roll Forward Amount".
In the event that the Qualifying Revenue received by GFOL during the second quarter of this Agreement is less than the quarterly Minimum Guaranteed Revenue ($[****]) that amount (a "Negative Roll Forward Amount") may be Rolled Forward into the next succeeding two quarters of the Agreement, provided that the maximum Negative Roll Forward Amount that may exist at the end of any quarter during the first four (4) quarters of the Agreement is $[****].
In the event that the Qualifying Revenue received by GFOL during the second quarter of this Agreement is less than the quarterly Minimum Guaranteed Revenue ($[****]) that amount (a "Negative Roll Forward Amount") may be Rolled Forward into the next succeeding three quarters of the Agreement, provided that the maximum Negative Roll Forward Amount that may exist at the end of any quarter during the first five (5) quarters of the Agreement is $[****].

More Definitions of Roll Forward Amount

Roll Forward Amount means an amount equal to Ultimate Net Loss paid by or on behalf of Aspen during the period from (and including) October 1, 2021 to (and including) the Closing Date.

Roll Forward Amount means, for any Fiscal Year, $125,000,000 less the aggregate Restricted Payments made during such Fiscal Year pursuant to Section 5.02(c)(vii) (without giving effect to Restricted Payments made thereunder using any Roll-Forward Amount from the Fiscal Year immediately preceding such Fiscal Year), provided that, in no event shall the Roll-Forward Amount ever exceed $125,000,000.

Roll Forward Amount has the meaning set forth in Section 8.02(c).

Roll Forward Amount means an amount equal to the Ultimate Net Loss paid by or on behalf of AXIS during the period from (and including) the Effective Date to (and excluding) the Closing Date utilizing the same methodology in respect of currencies set forth in Section 8.6, except that Ultimate Net Loss paid in Japanese yen shall be treated as an “Other” currency as illustrated on Schedule 3.1(a) attached hereto; and provided, that, for purposes of the Roll-forward Amount included in the definition of Reinsurer’s Limit and Reinsurer’s Sub-Limit, all Ultimate Net Loss paid by or on behalf of AXIS shall be converted to United States dollars at the applicable Effective Date Exchange Rate consistent with Section 16.14. “Shared Personal Information” means any Personal Information that AXIS discloses, provides or otherwise makes available to the Reinsurer (either directly or indirectly) under or in connection with this Agreement. “Sub-Limited Subject Business” has the meaning set forth on Schedule 1.1(d) attached hereto. “Subject Business” has the meaning set forth on Schedule 1.1(d) attached hereto. “Tax” means any and all federal, state, foreign or local income, gross receipts, premium, capital stock, franchise, guaranty fund assessment, retaliatory, profits, withholding, social security, unemployment, disability, real property, ad valorem/personal property, stamp, excise, occupation, sales, use, transfer, value added, alternative minimum, estimated or other tax, fee, duty, levy, custom, tariff, impost, assessment, obligation or charge of the same or of a similar nature to any of the foregoing, including any interest, penalty or addition thereto. “Tax Return” means any report, estimate, extension request, information statement, claim for refund, or return relating to, or required to be filed in connection with, any Tax, including any schedule or attachment thereto, and any amendment thereof. “Third Party Reinsurance Agreements” means ceded reinsurance related to the Subject Business other than this Agreement. “Third Party Reinsurance Recoverables” means the Reinsurer’s Share of any recoverables under Third Party Reinsurance Agreements, when and as calculated in accordance with the terms of the applicable Third Party Reinsurance Agreement, with respect to the Subject Business, whether or not billed or collected, by or on behalf of AXIS, excluding any recoverables under Third Party Reinsurance Agreements to the extent attributable to Claims paid by AXIS prior to the Effective Date or ...