Specified Amount definition

Specified Amount of a Component Currency shall mean the number of units of such Component Currency or fractions thereof which were represented in the relevant currency unit on the Conversion Date. If after the Conversion Date the official unit of any Component Currency is altered by way of combination or subdivision, the Specified Amount of such Component Currency shall be divided or multiplied in the same proportion. If after the Conversion Date two or more Component Currencies are consolidated into a single currency, the respective Specified Amounts of such Component Currencies shall be replaced by an amount in such single currency equal to the sum of the respective Specified Amounts of such consolidated Component Currencies expressed in such single currency, and such amount shall thereafter be a Specified Amount and such single currency shall thereafter be a Component Currency. If after the Conversion Date any Component Currency shall be divided into two or more currencies, the Specified Amount of such Component Currency shall be replaced by amounts of such two or more currencies, having an aggregate Dollar Equivalent value at the Market Exchange Rate on the date of such replacement equal to the Dollar Equivalent of the Specified Amount of such former Component Currency at the Market Exchange Rate immediately before such division, and such amounts shall thereafter be Specified Amounts and such currencies shall thereafter be Component Currencies. If, after the Conversion Date of the relevant currency unit, a Conversion Event (other than any event referred to above in this definition of “Specified Amount”) occurs with respect to any Component Currency of such currency unit and is continuing on the applicable Valuation Date, the Specified Amount of such Component Currency shall, for purposes of calculating the Dollar Equivalent of the Currency Unit, be converted into Dollars at the Market Exchange Rate in effect on the Conversion Date of such Component Currency.

Specified Amount has the meaning specified in Section 3.12(h).

Specified Amount of a Component Currency shall mean the number of units of such Component Currency or fractions thereof which were represented in the relevant Currency unit on the Conversion Date. If after the Conversion Date the official unit of any Component Currency is altered by way of combination or subdivision, the Specified Amount of such Component Currency shall be divided or multiplied in the same proportion. If after the Conversion Date two or more Component Currencies are consolidated into a single Currency, the respective Specified Amounts of such Component Currencies shall be replaced by an amount in such single Currency equal to the sum of the respective Specified Amounts of such consolidated Component Currencies expressed in such single Currency, and such amount shall thereafter be a Specified Amount and such single Currency shall thereafter be a Component Currency. If after the Conversion Date any Component Currency shall be divided into two or more Currencies, the Specified Amount of such Component Currency shall be replaced by amounts of such two or more Currencies with appropriate Dollar equivalents at the Market Exchange Rate on the date of such replacement equal to the Dollar equivalent of the Specified Amount of such former Component Currency at the Market Exchange Rate on such date, and such amounts shall thereafter be Specified Amounts and such Currencies shall thereafter be Component Currencies. If after the Conversion Date of the relevant Currency unit a Conversion Event (other than any event referred to above in this definition of "Specified Amount") occurs with respect to any Component Currency of such Currency unit, the Specified Amount of such Component Currency shall, for purposes of calculating the Dollar Equivalent of the Currency Unit, be converted into Dollars at the Market Exchange Rate in effect on the Conversion Date of such Component Currency.

Examples of Specified Amount in a sentence

• If You have not yet paid Your previous Specified Amount from Your prior advance in full and therefor have a currently outstanding advance (“Existing Advance”) with Parafin and are agreeing to the new Capital Amount herein, You agree and acknowledge that Parafin may use Your Capital Amount to pay Your outstanding balance.

• As set forth in this Agreement, You agree to sell and Parafin agrees to buy a portion ("Specified Amount") of Your future receivables ("Future Receivables"), the amount of which shall be communicated to You prior to completion of the sale.

• Upon an Event of Default, Xxxxxxxx agrees and authorizes Parafin to debit the remaining portion of the Specified Amount of the Future Receivables from the Merchant’s Linked Bank Account.

• If You disconnect any such third party service while any portion of the Specified Amount (including any Boost) remains undelivered or any Assessed Fee is unpaid, You agree that Parafin may deduct from Your Linked Bank Account an amount equal to the Boosted amount of Your offer or it may use estimated sales for Your businesses to determine the Debit Amount.

• Should You consent during Your application, Parafin may also consider the sales history You have with additional Platforms on which You sell, and may, in Parafin’s sole discretion, offer to increase the Capital Amount and the associated Specified Amount (the amount of any such offered increase is referred to as a “Boost”).

More Definitions of Specified Amount

Specified Amount has the meaning specified in Section 312.

Specified Amount has the meaning specified in Section 3.12.

Specified Amount has the meaning specified in Section 2.12.

Specified Amount means the amount specified in clause 5;

Specified Amount has the meaning specified in Section 312(h).

Specified Amount means the greater of: (i) £50,000,000 (or its equivalent in any other currency or currencies); and (ii) such amount in sterling as is equal to 0.5 per cent. of Adjusted Capital and Reserves.

Specified Amount means as to any Creditor the aggregate amount of the Subject Obligations owed to such Creditor.