Aggregate Effective Amount definition

Aggregate Effective Amount means, as of any date of determination and with respect to all Letters of Credit then outstanding, the sum of (a) the aggregate effective face amounts of all such Letters of Credit not then paid by Issuing Lender plus (b) the aggregate amounts paid by Issuing Lender under such Letters of Credit not then reimbursed to Issuing Lender by Borrower pursuant to Section 2.5(d) and not the subject of one or more Advances made pursuant to Section 2.5(e) or (f).

Aggregate Effective Amount means (a) as of any date of determination and with respect to all Letters of Credit then outstanding, the sum of (i) the aggregate effective face amounts of all such Letters of Credit not then paid by the Issuing Lender plus (ii) the aggregate amounts paid by the Issuing Lender and neither repaid by Borrowers pursuant to Section 2.4(d) nor the subject of Advances made pursuant to Sections 2.4(e) and 2.4(f).

Aggregate Effective Amount means, as of any date of determination and with respect to all Letters of Credit then outstanding, thesum of

Examples of Aggregate Effective Amount in a sentence

• As of the Closing Date, Revolving Credit Facility Usage is$60,181,000 which amount consists of (i) $49,000,000 of outstanding Advances under the Revolving Facility, (ii) issued and outstanding Letters of Credit with an Aggregate Effective Amount of $11,181,000.00 and (iii) no outstanding Swing Line Loans.

• Business must have been in business for more than one year prior to February 1, 2020.

• As of the Effective Date, without giving effect to any Advances to be made on the Effective Date, (a) the outstanding principal balance of all Advances is [[$55,750,000]], and (b) the Aggregate Effective Amount of all Letters of Credit is [[$11,131,000]].

• From the Closing Date through the Revolving Loan Maturity Date, Borrower shall pay to the Administrative Agent, for the ratable accounts of the Lenders pro rata according to their Pro Rata Share of the Revolving Commitment, a commitment fee equal to 0.50% per annum times the average daily amount by which the Commitment exceeds the (i) aggregate daily principal Indebtedness evidenced by the Revolving Notes plus (ii) the Aggregate Effective Amount of all Letters of Credit then outstanding.

• As of the Closing Date, Revolving Credit Facility Usage is $60,181,000 which amount consists of (i) $49,000,000 of outstanding Advances under the Revolving Facility, (ii) issued and outstanding Letters of Credit with an Aggregate Effective Amount of $11,181,000.00 and(iii) no outstanding Swing Line Loans.

More Definitions of Aggregate Effective Amount

Aggregate Effective Amount means, as of any date of determination and with respect to all Letters of Credit then outstanding, the SUM of (a) the aggregate effective face amounts of all such Letters of Credit not then paid by the Issuing Lender PLUS (b) the aggregate amounts paid by the Issuing Lender under such Letters of Credit not then reimbursed to the Issuing Lender by the Borrowers pursuant to Section 2.4(d) and not the subject of Advances made pursuant to Section 2.4(e).

Aggregate Effective Amount means, as of any date of determination and with respect to all Letters of Credit then outstanding, the sum of (a) the aggregate undrawn face amounts of all such Letters of Credit, plus (b) the aggregate amounts paid by Issuing Lenders under any Letters of Credit for which the relevant Issuing Lender has not been reimbursed and which are not the subject of Advances made pursuant to Section 2.4(f).

Aggregate Effective Amount means, as of any date of determination and with respect to all Letters of Credit then outstanding, the sum of (a) the aggregate effective undrawn face amounts of all such Letters of Credit after giving effect to any issuance, renewal, extension or increase in the amount of any Letter of Credit occurring on such date plus (b) the aggregate amounts paid by Issuing Lender under such Letters of Credit not then reimbursed to Issuing Lender by Borrower pursuant to Section 2.5(d) and not the subject of one or more Advances made pursuant to Section 2.5(e) or (f).

Aggregate Effective Amount means, as of any date of determination and with respect to all letters of credit for the benefit of the Company then outstanding, the sum of (a) the aggregate effective face amounts of all such letters of credit not then paid by issuing bankplus (b) the aggregate amounts paid by issuing bank under such letters of credit not then reimbursed to the issuing bank by the Company.

Aggregate Effective Amount means, as of any date of determination and with respect to all Letters of Credit then outstanding, the sum of (a) the aggregate effective face amounts of all such Letters of Credit not

Aggregate Effective Amount means, as of any date of determination and with respect to all letters of credit for the benefit of any of the Company and its Subsidiaries then outstanding, the sum of (a) the aggregate effective face amounts of all such letters of credit not then paid by issuing bank plus (b) the aggregate amounts paid by issuing bank under such letters of credit not then reimbursed to the issuing bank by the Company or any Subsidiary, as the case may be. “Agreement” means this Agreement, including all Exhibits and Schedules attached to this Agreement, as it may be amended, restated, supplemented or otherwise modified from time to time. “Anti-Corruption Laws” means any law or regulation in a U.S. or any non-U.S. jurisdiction regarding bribery or any other corrupt activity, including the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act 2010. “Anti-Money Laundering Laws” means any law or regulation in a U.S. or any non-U.S. jurisdiction regarding money laundering, drug trafficking, terrorist-related activities or other money laundering predicate crimes, including the Currency and Foreign Transactions Reporting Act of 1970 (otherwise known as the Bank Secrecy Act) and the USA PATRIOT Act. “Average Life” means, as of the date of determination, with respect to any Indebtedness, the quotient obtained by dividing (i) the sum of the products of the numbers of years from the date of determination to the dates of each successive scheduled principal payment (assuming the exercise by the obligor of such Indebtedness of all unconditional (other than as to the giving of SCHEDULE B (to Note Purchase Agreement)

Aggregate Effective Amount. II Equal to or greater than 0.75 to 1.00 but less than 1.25 to 1.00 A- or A3 III Equal to or greater than 1.25 to 1.00 but less than 1.75 to 1.00 BBB or Baa2 IV Equal to or greater than 1.75 to 1.00 but less than 2.25 to 1.00 BBB- or Baa3 V Equal to or greater than 2.25 to 1.00 but less than 2.75 to 1.00 BB+ or Ba1 VI Equal to or greater than 2.75 to 1.00 BB or Ba2 or below