Required Subordinated Participants Commitment

Example Definitions of "Required Subordinated Participants Commitment"
Required Subordinated Participants Commitment. (a) prior to the Initial Over Advance Date, $9,000,000, (b) on any date during the period commencing with the Initial Over Advance Date and ending on the Over Advance Termination Date, at least (i) if the Supplemental Borrowing Date (as defined in the Credit Agreement) has not 2 occurred, $9,000,000, or (ii) if the Supplemental Borrowing Date has occurred,... $6,500,000 plus, in each case, the aggregate cumulative amount of Net Losses accrued as of such date and (c) for the period following the Over Advance Termination Date, so long as no Event of Default (as defined in the Credit Agreement) under the Credit Agreement has occurred and is continuing, at least (i) if the Supplemental Borrowing Date has not occurred, $9,000,000, or (ii) if the Supplemental Borrowing Date has occurred, $6,500,000 plus, in each case, the aggregate cumulative amount of Net Losses accrued as of the Over Advance Termination Date. View More Arrow
All Definitions