Aggregate Maximum Revolving Credit Amounts Clause Samples
The 'Aggregate Maximum Revolving Credit Amounts' clause defines the total upper limit of funds that can be borrowed under a revolving credit facility at any given time. This clause typically specifies the combined maximum amount available to all borrowers, regardless of individual usage, and may outline how this cap is calculated or adjusted over time. Its core function is to set a clear borrowing ceiling, thereby managing the lender's risk exposure and ensuring all parties understand the total credit available under the agreement.
Aggregate Maximum Revolving Credit Amounts at any time shall equal the sum of the Maximum Revolving Credit Amounts of the Lenders (initially, $250,000,000), as the same may be reduced pursuant to Section 2.03(d).