Maximum Permitted Amount definition

Maximum Permitted Amount means the maximum rate agreed between the Proprietor and the NTPF for Long-Term Residential Care Services pursuant to Section 41 of the Act of 2009.

Maximum Permitted Amount means the lesser of (i) debt service payments associated with the Senior Project Debt for the applicable period for which an advance is requested, plus Operating Expenses, Major Maintenance Expenses and Capital Expenditures up to the amounts for the applicable period as set forth in the Project Budget, but minus balances available in the Capitalized Interest Fund for the payment of interest on the Series 2010 First Tier Bonds and the Series 2011 First Tier Bonds for the applicable period to the extent that a portion of a requested advance is to be used to pay interest on the Series 2010 First Tier Bonds and the Series 2011 First Tier Bonds, minus any Revenues deposited into the Revenue Fund during the applicable period, minus any available amounts in the Annual Operating Budget Account of the Operating Fund, Annual Operating Budget Account of the Major Maintenance Fund, Annual Operating Budget Account of the Capital Expenditures Fund, Major Maintenance Reserve Fund, Rate Stabilization Fund, Capital Expenditures Reserve Fund and General Fund; and (ii) the Maximum Available Annual Amount for the applicable period for which an advance is requested, minus balances in the Capitalized Interest Fund for the payment of interest on the Series 2010 First Tier Bonds and the Series 2011 First Tier Bonds for the applicable period to the extent that a portion of a requested advance is to be used to pay interest on the Series 2010 First Tier Bonds and the Series 2011 First Tier Bonds, minus any Revenues deposited into the Revenue Fund during the applicable period, minus any available amounts in the Annual Operating Budget Account of the Operating Fund, Annual Operating Budget Account of the Major Maintenance Fund, Annual Operating Budget Account of the Capital Expenditures Fund, Major Maintenance Reserve Fund, Rate Stabilization Fund, Capital Expenditures Reserve Fund and General Fund.

Maximum Permitted Amount means, at any time, an amount equal to the sum of (i) the Permitted Amount (as defined in the Stockholders Agreement) and (ii) 42,000,000 (as adjusted for stock splits, stock dividends, reverse stock splits and the like) Common Shares.

Examples of Maximum Permitted Amount in a sentence

• Borrower shall return or direct the Trustee to return to TxDOT any amounts included in an advance under the Toll Equity Loan Commitment which are in excess of the Maximum Permitted Amount for an advance, the Maximum Available Annual Amount for a Draw Period or the Maximum Available Aggregate Amount immediately upon becoming aware of such amounts, and any such amount returned to TxDOT shall reduce the amount of principal of the Toll Equity Loan Note.

• The Borrower shall, without discretion, return or direct the Trustee to return to TxDOT any amounts included in an advance under the Toll Equity Loan Commitment that are in excess of the Maximum Permitted Amount for an advance, the Maximum Available Annual Amount for a Draw Period or the Maximum Available Aggregate Amount immediately upon becoming aware of such amounts, and any such amount returned to TxDOT shall reduce the amount of principal of the Toll Equity Loan Note.

• Maximum Permitted Amount of Incentive Funds Article 3 The maximum permitted amounts of incentive funds shall be determined in compliance with the regulations governing the rules for allocation and control of state aid and regulations governing the conditions and method of attracting direct investments.

• The maximum amount which may be drawn under the Class A-1LV Notes will be determined by operation of the Collateral Quality Matrix and will equal the Class A-1LV Maximum Permitted Amount then applicable in the Collateral Quality Matrix reduced by the Class A-1LV Reduction Percentage.

• Overcollateralization Tests The "Overcollateralization Test" will be satisfied with respect to any class or classes of Notes on any Measurement Date after the Ramp-Up Completion Date on which any Notes remain outstanding if the Overcollateralization Ratio for such class or classes of Notes equals or exceeds the specified Required Level for such class or classes (based on the Class A-1LV Maximum Permitted Amount then in effect).

More Definitions of Maximum Permitted Amount

Maximum Permitted Amount shall have the meaning specified in Section 10.30.

Maximum Permitted Amount means such term as defined in Section 8.6.

Maximum Permitted Amount means, at any time, the greater of (i) $50 million (minus any amount used to permanently repay First Priority Lien Obligations or permanently reduce the commitments with respect thereto (excluding any and all repayments or reductions made with the proceeds of this offering) , pursuant Section 4.10) and (ii) the sum of (A) 85% of the net book value of accounts receivable, plus (B) 60% of the net book value of the inventory, in each case of the Company and the Guarantors on a consolidated basis, at such time.

Maximum Permitted Amount means debt service payments associated with the TELA Project Debt for the applicable period for which an advance is requested, plus Operating Expenses and Major Maintenance Expenses up to the amounts for the applicable period as set forth in the Project Budget, but minus balances available in the Trust Agreement Funds for the payment of capitalized interest on any TELA Project Debt for the applicable period to the extent that a portion of a requested advance is to be used to pay interest on such TELA Project Debt, minus any deposit of Revenues into the applicable Debt Service Fund that are available to pay principal of or interest on TELA Project Debt, and minus any available amounts in the Junior Operations and Maintenance Fund, Operation and Maintenance Reserve Fund, Major Maintenance Fund, Rate Stabilization Fund and Grand Parkway Project Enhancement Fund.

Maximum Permitted Amount means $36,000,000; provided, however, that the Maximum Permitted Amount shall be increased by the amount, if any, by which the Maximum Permitted Amount for the immediately preceding fiscal year, computed without giving effect to this proviso, exceeds the actual Capital Expenditures expended by the Company and its Subsidiaries for such preceding fiscal year."

Maximum Permitted Amount means, as of the date of any ------------------------ determination thereof, the lesser of : (a) the Maximum Indebtedness - 1997 Indenture; and (b) the Maximum Indebtedness -1996 Indenture.

Maximum Permitted Amount means (i) for the fiscal year of the Company ending on or about May 31, 1999, the sum of (x) $500,000 plus (y) the amount (if any) by which the actual Capital Expenditures for the immediately preceding fiscal year of the Company were less than $1,250,000; (ii) for the fiscal year of the Company ending on or about May 31, 2000, the sum of (x) $500,000 plus (y) the amount (if any) by which the actual Capital Expenditures for the immediately preceding two fiscal years of the Company, taken together, were less than $1,750,000; (iii) for the fiscal year of the Company ending on or about May 31, 2001, the sum of (x) $500,000 plus (y) the lesser of $500,000 or the amount (if any) by which the actual Capital Expenditures for the fiscal year of the Company ending on or about May 31, 2000 were less than the Maximum Permitted Amount for such fiscal year ending in 2000; and (iv) for each fiscal year thereafter, the sum of (x) $500,000 plus (y) the amount (if any) by which the actual Capital Expenditures for the immediately preceding fiscal year of the Company were less than $500,000.