Weekly Amount definition

Weekly Amount has the meaning set forth in Section 9.11(b).
View Source
Weekly Amount means, (i) for the first payment due pursuant to this Section 9.11(b), $1,000,000 and (ii) for each payment due pursuant to this Section 9.11(b) thereafter, an amount equal to $1,000,000 plus the amount due in respect of the immediately preceding payment (whether or not paid). For the avoidance of doubt, no amounts that become payable to AT&T pursuant to this Section 9.11(b) shall be credited against the Consideration or otherwise reimbursable to Acquiror. From and after the consummation of the equity financing with net proceeds of no less than the Equity Amount, Acquiror shall maintain available cash, committed financing (including under any portion of Debt Financing Commitment) and available capacity under its existing revolving credit facility sufficient in the aggregate to enable Acquiror and the Tower Operator to consummate the transactions contemplated hereby.
View Source
Weekly Amount shall have the meaning set forth in Section 2.02(b)(i).
View Source

Examples of Weekly Amount in a sentence

  • If there has not been a default, a Receipts Custodian will not deliver any particular day’s Weekly Amount to us if that Weekly Amount has already been delivered to us by another Receipts Custodian.

  • The Initial Weekly Amount is intended to represent the Specified Percentage of Seller’s weekly Future Receipts.

  • Seller understands that it is responsible for either ensuring that the Weekly Amount is available in the Account each business day or advising Buyer prior to each weekly withdrawal of a shortage of funds.

  • Upon the occurrence of an Event of Default, the Weekly Amount shall equal 100% of all Future Receipts.

  • If there has not been a default, a Receipts Custodian will not deliver any particular day's Weekly Amount to us if that Weekly Amount has already been delivered to us by another Receipts Custodian.

  • Seller authorizes Buyer to debit the Weekly Amount from the Account each business day by either ACH or electronic check.

  • Buyer may, at Buyer’s sole discretion as it deems appropriate and upon Seller’s request, adjust the amount of the then- applicable Weekly Amount due under this Agreement in order to cause such Weekly Amount to more accurately reflect an amount which will reduce the need to credit Seller’s account on a consistently recurring basis.

  • Provided that the information provided by the Customer supports the requested Adjusted Weekly Amount, Purchaser shall make the adjustment for a period of 14 days.

  • Seller authorizes ▇▇▇▇▇ to debit the Weekly Amount from the Account each business day by either ACH or electronic check.

  • Customer authorizes Purchaser to initiate a separate debit to the Bank Account for the Returned Item Fee or to add this fee to a debit for a subsequent Weekly Amount or Adjusted Weekly Amount.


More Definitions of Weekly Amount

Weekly Amount shall have the meaning set forth on Exhibit J.
View Source

Related to Weekly Amount

  • Daily Amount means, in respect of a DMA and a Daily Calculation Period, the Daily Gain or Daily Loss for such DMA and Daily Calculation Period.

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

  • Reply Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Instalment Amount means, in respect of a Note and an Instalment Date, an amount determined by the Calculation Agent equal to the amount specified as such in the applicable Issue Terms or the amount determined in accordance with the formula or method for determining such amount specified therein.

  • Installment Amount means the sum of (A) (i) with respect to any Installment Date other than the Maturity Date, the lesser of (x) the Holder Pro Rata Amount of $1,437,500 and (y) the Principal amount then outstanding under this Note as of such Installment Date, and (ii) with respect to the Installment Date that is the Maturity Date, the Principal amount then outstanding under this Note as of such Installment Date (in each case, as any such Installment Amount may be reduced pursuant to the terms of this Note, whether upon conversion, redemption or Deferral), (B) any Deferral Amount deferred pursuant to Section 8(d) and included in such Installment Amount in accordance therewith, (C) any Acceleration Amount accelerated pursuant to Section 8(e) and included in such Installment Amount in accordance therewith and (D) in each case of clauses (A) through (C) above, the sum of any accrued and unpaid Interest as of such Installment Date under this Note, if any, and accrued and unpaid Late Charges, if any, under this Note as of such Installment Date. In the event the Holder shall sell or otherwise transfer any portion of this Note, the transferee shall be allocated a pro rata portion of each unpaid Installment Amount hereunder.