Minimum Usage Amount means, as of any date of determination, an amount greater than or equal to the lesser of (a) 50% of the Purchase Limit or (b) an amount which causes the Purchased Interest to equal 100%.
Minimum Usage Amount means (i) prior to January 1, 2010, zero and (ii) at all times on and after January 1, 2010, greater than or equal to the lesser of (A) $30,000,000 or (B) an amount which causes the Purchased Interest to equal 100%.
Minimum Usage Amount means, at any time, an amount greater than or equal to the lesser of (A) $30,000,000 and (B) an amount determined as the sum of the Aggregate Capital plus the LC Participation Amount necessary to cause the Purchased Interest to equal 100%.
Examples of Minimum Usage Amount in a sentence
As of each date a Periodic Report is delivered, the sum of the LC Participation Amount and the Aggregate Capital shall not be less than the Minimum Usage Amount.
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Seller and Buyer contemplated that all Mortgage Loans purchased by Buyer and subject to repurchase pursuant to this Master Repurchase Agreement shall have a average daily balance (in pricipal amount) of $20,000,000.00 (the "Minimum Usage Amount").
Item 0008– The data to be furnished hereunder shall be packaged, packed, and marked in accordance with the clauses NAVAIR clauses 5252.247-9507, 5252.247-9508, 5252.247-9514 and Exhibit A.
Additionally, at any time the aggregate Unused Commitments of the Committed Lenders are more than the Minimum Usage Amount, Borrower shall pay to Administrative Agent for the account of each Committed Lender, a minimum usage fee at a rate equal to 2.15% per annum multiplied by the difference between the Minimum Usage Amount and the aggregate Unused Commitments.
More Definitions of Minimum Usage Amount
Minimum Usage Amount means, an amount equal to (A) 60% of the Maximum Facility Amount as of the Third Amendment Effective Date plus, (B) if the Borrower increases the Maximum Facility Amount in accordance with Section 2.15, upon such increase, (x) for the period from the applicable Incremental Commitment Effective Date until the date that is 12 months after such Incremental Commitment Effective Date, 40% of the Maximum Facility Amount attributable to such increase, and (y) thereafter, 60% of the Maximum Facility Amount attributable to such increase.
Minimum Usage Amount means, an amount equal to (A) (x) for the period from the Closing Date until the date that is twelve (12) months after the Closing Date, 0% of the Maximum Facility Amount as of such date, and (y) thereafter, 70% of the Maximum Facility Amount as of such date, in each case disregarding any increases of the Maximum Facility Amount in accordance with Section 2.15, plus (B) if the Borrower increases the Maximum Facility Amount in accordance with Section 2.15, (x) for the period from the applicable Incremental Commitment Effective Date until the date that is twelve (12) months after such Incremental Commitment Effective Date, 40% of the Maximum Facility Amount attributable to such increase, and (y) thereafter, 70% of the Maximum Facility Amount attributable to such increase.
Minimum Usage Amount means, as of any date of determination, (a) prior to the one-year anniversary of the Closing Date, zero, and (b) any date on or after the one-year anniversary of the Closing Date, an amount equal to 70% of the Maximum Facility Amount.
Minimum Usage Amount means, an amount equal to (A) (x) for the period from the Closing Date until the date that is twelve (12) months after the Closing Date, 0% of the Maximum Facility Amount as of such date, and (y) thereafter, 70% of the Maximum Facility Amount as of such date, in each case disregarding any increases of the Maximum Facility Amount in accordance with Section 2.15, plus (B) if the Borrower increases the Maximum Facility Amount in accordance with Section 2.15, (x) for the period from the applicable Incremental Commitment Effective Date until the date that is twelve (12) months after such Incremental Commitment Effective Date, 40% of the Maximum Facility Amount attributable to such increase, and (y) thereafter, 70% of the Maximum Facility Amount attributable to such increase. "MWA Minimum Usage Amount" means, an amount equal to (A) for the period from the Closing Date until the date that is twelve (12) months after the Closing Date, 0% of the Maximum Facility Amount as of such date, and (B) thereafter, 70% of the Maximum Facility Amount as of such date; provided that if the Borrower increases the Maximum Facility Amount in accordance with Section 2.15, upon such increase, (x) for the period from the applicable Incremental Commitment Effective Date until the date that is twelve (12) months after such Incremental Commitment Effective Date, 40% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount and (y) thereafter, 70% of the Maximum Facility Amount attributable to such increase shall be included in the MWA Minimum Usage Amount. "MWA Percentage" means, with respect to any permanent reduction of the Commitments, the ratio (expressed as a percentage) of (i) the difference of (x) the MWA Minimum Usage Amount
Minimum Usage Amount set forth in Exhibit I by replacing the dollar amount “$30,000,000” where it appears therein with the dollar amount “$0” therefor. SECTION 3.
Minimum Usage Amount means, as of any date of determination, 50% of the Maximum Commitment.
Minimum Usage Amount means, an amount equal to (A) (x) for the period from the Closing Date until the date that is twelve (12) months after the Closing Date, forty percent (40%) of the Maximum Facility Amount as of such date, and (y) thereafter, seventy percent (70%) of the Maximum Facility Amount as of such date, in each case disregarding any increases of the Maximum Facility Amount in accordance with Section 2.15, plus (B) if the Borrower increases the Maximum Facility Amount in accordance with Section 2.15, (x) for the period from the applicable Incremental Commitment Effective Date until the date that is twelve (12) months after such Incremental Commitment Effective Date, forty percent (40%) of the Maximum Facility Amount attributable to such increase, and (y) thereafter, seventy percent (70%) of the Maximum Facility Amount attributable to such increase.