Common use of Aggregate Advances; Aggregate Usage Clause in Contracts

Aggregate Advances; Aggregate Usage. After giving effect to the Advance or Additional Collateral Event on such Credit Date, (a) the aggregate Outstanding Amount will not exceed the Commitment, (b) the Aggregate Usage shall not exceed the Borrowing Base, (c) the Borrowers would be in compliance with the Interest Service Coverage Ratio for the most recently ended Interest Coverage Calculation Period and (d) the aggregate Advances made under the Loan Facility shall not exceed the Maximum Advance Limitation (and the same shall have been certified by the Borrowers to the Administrative Agent in a certificate signed by an Authorized Officer of the Borrowers).

Appears in 4 contracts

Samples: Loan Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.), Loan Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.), Loan Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!