U.S. PP&E Component definition

U.S. PP&E Component means the lesser of (x) (i) during the period commencing with the Closing Date until the twelve (12) month anniversary of the Closing Date, US$150,000,000, (ii) during the period commencing with the twelve (12) month anniversary of the Closing Date until the fifteen (15) month anniversary of the Closing Date, US$100,000,000, and (iii) on the fifteen (15) month anniversary of the Closing Date and thereafter, US$75,000,000, in each case minus the Canadian PP&E Component at such time, and (y) the greater of (A) (i) 50% of the Net Orderly Liquidation Value of Eligible Equipment of the U.S. Loan Parties at such time plus (ii) 50% of the Fair Market Value of Eligible Real Property of the U.S. Loan Parties at such time (as set forth in the most recent third party real estate appraisal in form and substance satisfactory to the Administrative Agent), and (B) 20% of the Net Orderly Liquidation Value In Place of (i) Eligible Equipment of the U.S. Loan Parties at such time and (ii) Eligible Real Property of the U.S. Loan Parties at such time. Notwithstanding the foregoing sentence, until the earlier of (x) such time as appraisals satisfactory to the Administrative Agent are completed pursuant to Section 5.6 and (y) May 28, 2009, or such later date as the Administrative Agent may approve in its exclusive discretion, the U.S. PP&E Component shall be US$150,000,000 minus the Canadian PP&E Component.
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U.S. PP&E Component means, at the time of any determination, an amount equal to the lesser of:
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U.S. PP&E Component means, at the time of any determination, the lesser of (a) the Alcan U.S. PP&E Component plus the General CableU.S. PP&E Component or (b) $125,000,000.”
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Examples of U.S. PP&E Component in a sentence

  • The Loan Parties have valid title to all assets included from time to time in the Canadian PP&E Component and the U.S. PP&E Component and to all other material properties and possessions under lease.


More Definitions of U.S. PP&E Component

U.S. PP&E Component means, at the time of any determination, the lesser of (a) the Alcan U.S. PP&E Component plus the General Cable U.S. PP&E Component or (b) $125,000,000.”
Sample 1
U.S. PP&E Component means, at the time of any determination, an amount equal to the PP&E Amortization Factor multiplied by the lesser of (a) 75% of the fair market value of the U.S. Loan Parties’ Eligible Real Estate plus 85% of the Net Orderly Liquidation Value of the U.S. Loan Parties’ Eligible Equipment minus Reserves established by the Administrative Agent, or (b) $75,000,000.
Sample 1

Related to U.S. PP&E Component

  • Principal Component The principal payment plus any interest payments that are either due after the date specified in, or are specified as ineligible for stripping in, the applicable Supplemental Agreement.

  • Class D Component The Component having such designation.

  • Class C Component The Component having such designation.

  • Service Component means certain enabling Software, hardware peripherals and associated documentation which may be separately provided by Symantec as an incidental part of a Service.

  • Class E Component The Component having such designation.

  • Facility component means any part of a facility, including equipment.

  • Cash Component means that portion, if any, of the Conversion Shares Offer Consideration consisting of cash.

  • Class B Component The Component having such designation.

  • Structural component means a component that supports non-variable forces or weights (dead loads) and variable forces or weights (live loads).

  • Basket Component means each of the SPDR S&P 500 ETF Trust, iShares Russell 2000 Index Fund, iShares MSCI EAFE Index Fund, and iShares MSCI Emerging Markets Index Fund.

  • Accrual Components As specified in the Preliminary Statement.

  • Interest Component Each future interest payment, or portion thereof, due on or prior to the Maturity Date, or if the Debt Security is subject to redemption or repayment prior to the Maturity Date, the first date on which such Debt Security is subject to redemption or repayment.

  • Original component manufacturer means an organization that designs and/or engineers a part and is entitled to any intellectual property rights to that part.

  • Corresponding Component As identified in the Preliminary Statement with respect to any Class of Non-Vertically Retained Principal Balance Certificates or Lower-Tier Regular Interest.

  • Class A-2 Component The Component having such designation.

  • Blood component means that part of blood separated by physical or mechanical means.

  • Index Component means those securities, assets or reference values of which the Index is comprised from time to time.

  • Cannabis testing facility means an entity registered by

  • Class A-1 Component The Component having such designation.

  • Class C Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class C Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

  • Finished Lots means, Entitled Land (i) that has been legally subdivided for the construction of Housing Units, (ii) that has been graded substantially in accordance with all grading plans approved by the applicable agencies and contains level building pads (except for any fine or precise grading to be completed immediately prior to vertical construction), (iii) that has all water, sewer, electrical and other utility services for planned residences installed and stubbed to the lot behind the sidewalk, (iv) that has all storm drain, sewer, curb, gutter, sidewalk and pavement for public access constructed and installed, except for any final lift of the streets and lateral connections to Housing Units, (v) that has all property corners surveyed and marked and any required survey monumentation installed, and (vi) with respect to which all applicable development fees (including, without limitation, school and development impact fees) that are required to be paid prior to obtaining a building permit have been paid other than building permit and plan check fees. Except as otherwise expressly provided in this Agreement, the term “Finished Lot” shall not include any Land upon which the construction of a Housing Unit has commenced.

  • Bearing components means the bearing element, retainer, inner race, or outer race.

  • Structural components means liners, leachate collection systems, final covers, run-on/run-off systems, and any other component used in the construction and operation of the MSWLF that is necessary for protection of human health and the environment.