Borrowing Limit has the meaning set forth in Section 1.1(a)(i).
Borrowing Limit means, at any date of determination thereof, an amount equal to the lesser of (a) the Borrowing Base and (b) the Revolving Credit Commitment of all Lenders.
Borrowing Limit means, at any time, the least of:
Examples of Borrowing Limit in a sentence
For tap issues, the Loan Agreement will apply for later issues made within the Borrowing Limit.
This is the Affordable Borrowing Limit required by s3 of the Local Government Act 2003.
The amount so determined is termed the Affordable Borrowing Limit.
The parties’ rights and obligations are also valid for subsequent issued bonds within the Borrowing Limit.
The Local Government Act 2003 requires the Council to set an Affordable Borrowing Limit, irrespective of their indebted status.
More Definitions of Borrowing Limit
Borrowing Limit means, at any time, the lesser of (i) the Aggregate Commitment Amount at such time and (ii) the Borrowing Base at such time as reported in the Borrowing Base Certificate most recently delivered to the Lenders pursuant to Section 5.1(e).
Borrowing Limit means, as to any Borrower at any time, the lesser of (a) an amount equal to the Applicable Percentage of such Borrower’s Total Eligible Asset Value, provided that this subsection (a) shall not apply for purposes of Sections 2.3 and 7.22 of this Agreement, (b) an amount equal to 33-1/3% of the fair market value of such Borrower’s total assets, (c) the maximum amount permitted by such Borrower’s Prospectus, agreements with government officials and applicable law, and (d) $200,000,000.
Borrowing Limit means, as to any Borrower at any time, the lesser of (a) an amount equal to 20% (or 25% in the case of Multi-Strat but only during the period commencing January 5, 2006 and ending January 17, 2006) of such Borrower’s Total Eligible Asset Value, provided that this subsection (a) shall not apply for purposes of Sections 2.3 and 7.22 of this Agreement, (b) an amount equal to 33-1/3% of the fair market value of such Borrower’s total assets, (c) the maximum amount permitted by such Borrower’s Prospectus, agreements with government officials and applicable law, (d) $150,000,000 in the case of each of the Equity Opportunity Fund, the Event & Equity Fund, Technology Partners, the UBS M2 Fund and Multi-Strat, and (e) $75,000,000 in the case of each Borrower other than the Borrowers named in the foregoing subsection (d).
Borrowing Limit means, as to any Borrower at any time, an amount equal to ten percent (10%) of such Borrower’s Total Eligible Asset Value.
Borrowing Limit means an amount which shall not exceed the lesser of (a) Twenty-Two Million Dollars ($22,000,000) or (b) the aggregate Dollar Equivalent of (i) eighty-five percent (85%) of Total Eligible Toys R Us Receivables outstanding from time to time, plus (ii) eighty-five percent (85%) of Total Eligible Target Receivables outstanding from time to time, plus (iii) eighty percent (80%) of Eligible Domestic Receivables outstanding from time to time, plus (iv) sixty percent (60%) of the value of Eligible Domestic Inventory, plus (v) fifty percent (50%) of the value of Eligible Foreign Inventory, plus (vi) fifty-five percent (55%) of the value of Intransit Inventory, plus (vii) sixty percent (60%) of Eligible Foreign Receivables outstanding from time to time; provided, however, the amount available for advances against Eligible Domestic Inventory, Intransit Inventory, and Eligible Foreign Inventory shall not exceed Nine Million Dollars ($9,000,000), less (iii) one hundred percent (100%) of the undrawn amount of outstanding Letters of Credit.”
Borrowing Limit means $100,000,000.