Cumulative Credit Amount definition

Cumulative Credit Amount means, as of any date, an amount (which shall not be less than zero), determined on a cumulative basis, equal to, without duplication: (a) the Retained Excess Cash Flow Amount, plus (b) the cumulative amount of Net Cash Proceeds received by the Borrower on or after March 21, 2013 from issuances of the Borrower’s Qualified Capital Stock (but excluding any such sale or issuance by the Borrower of its Equity Interests upon exercise of any warrant or option by directors, officers or employees of any Loan Party or any Subsidiary), minus (c) the cumulative amount of Permitted Investments made in reliance on subclause (y) of clause (o) of the definition thereof, minus (d) the cumulative amount of Restricted Payments made in reliance on Section 6.06(iv), minus (e) the cumulative amount of any payments of Indebtedness made in reliance on Section 6.07(a)(vii).
Cumulative Credit Amount means the sum of (without duplication):
Cumulative Credit Amount means, as of any date of determination (a) the sum (which amount shall not be less than zero) of, without duplication, (i) Cumulative Retained ECF Amount, plus (ii) the Net Cash Proceeds received by the Notes Parties of any Dispositions of Investments made using the Cumulative Credit Amount (in an amount, together with amounts added pursuant to clause (iii) below, not to exceed the amount of such Investment made using the Cumulative Credit Amount), plus (iii) returns, profits, distributions and similar amounts received by the Company or any of its Restricted Subsidiaries in cash or Cash Equivalents on Investments made using the Cumulative Credit Amount (in an amount, together with amounts added pursuant to clause (ii) above, not to exceed the amount of such investments made using the Cumulative Credit Amount), plus (iv) the cumulative amount of cash and Cash Equivalent proceeds from the sale of Equity Interests (other than any Disqualified Equity Interests) of the Company or any parent company of the Company after the Amendment Date and on or prior to such time, which proceeds have been received in the form of common or preferred equity (other than any Disqualified Equity Interests) by, or contributed as common or preferred equity (other than any Disqualified Equity Interests) to the capital of, the Company, to the extent not previously applied for a purpose other than use in the Cumulative Credit Amount; provided, that any leverage tests otherwise applicable shall not apply when using this subclause (a)(iv) of the “Cumulative Credit Amount”, minus (b) the sum of (i) all Investments made at or prior to such time in reliance on clause (q) of the definition of “Permitted Investments”, plus (ii) all Restricted Payments made at or prior to such time in reliance on clause (g) of the definition of "Permitted Restricted Payments", in each case to the extent utilizing the Cumulative Credit Amount in effect at the time of such Investment or Restricted Payment.”

Examples of Cumulative Credit Amount in a sentence

A computation of the Cumulative Credit Amount and a description of the uses thereof, in each case during the Test Period, are set forth on Annex A hereto.


More Definitions of Cumulative Credit Amount

Cumulative Credit Amount means, as of any date of determination (a) the sum (which amount shall not be less than zero) of, without duplication, (i) Cumulative Retained ECF Amount, plus (ii) the Net Cash Proceeds received by the Notes Parties of any Dispositions of Investments made using the Cumulative Credit Amount (in an amount, together with amounts added pursuant to clause

Related to Cumulative Credit Amount

Cumulative Credit means, at any date, an amount, not less than zero in the aggregate, determined on a cumulative basis equal to, without duplication:
Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.
Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).
Maximum Revolving Credit Amount means, at any particular time, the Revolving Credit Commitments at such time.
Credit Amount has the meaning set forth in Section 4.01(b)(ii).
Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.
Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount equals $100,000,000.
Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.
Aggregate Revolving Committed Amount means the aggregate amount of Revolving Commitments in effect from time to time, being initially ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).
Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).
Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of the Borrowers for the most recently completed quarter: The Applicable Unused Line Fee Percentage with respect to the Tranche B Revolving Loans shall be set forth in the following table that corresponds to the Average Revolver Usage of the Borrowers for the most recently completed quarter: The Applicable Unused Line Fee Percentage shall be re-determined on the first day of each quarter by Agent.
Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.
Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.
Maximum Revolver Amount means $5,000,000, decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement.
Aggregate Cap has the meaning set forth in Section 20.1A.
Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the date hereof is $250,000,000.
Maximum Revolving Advance Amount means $200,000,000 plus any increases in accordance with Section 2.24.
Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.
Additional Credit Amount has the meaning set forth in Section 4.01(b)(ii).
Aggregate Revolving Commitment means the aggregate of the Revolving Commitments of all of the Revolving Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $1,000,000,000.
Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.
Maximum Available Amount means, at any time, the least of:
Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.
Revolving Credit Commitment Percentage means, with respect to any Revolving Credit Lender at any time, the percentage of the total Revolving Credit Commitments of all the Revolving Credit Lenders represented by such Revolving Credit Lender’s Revolving Credit Commitment. If the Revolving Credit Commitments have terminated or expired, the Revolving Credit Commitment Percentages shall be determined based upon the Revolving Credit Commitments most recently in effect, giving effect to any assignments.
Aggregate Revolving Exposure means, at any time, the aggregate Revolving Exposure of all the Lenders at such time.