Aggregate Principal Balance Limitations of Loans Sample Clauses

Aggregate Principal Balance Limitations of Loans. (i) On any date upon which the aggregate principal amount of any of the outstanding Loans exceeds the applicable limitations set forth in Sections 2.1(c) or 2.1(d), or the limitations set forth in clause (ii) below, the Borrower shall repay the aggregate principal amount of such Loans as is necessary so that such aggregate principal amount does not exceed such limitations. The Borrower may designate in a Notice of Payment the Types of its Loans to be repaid and the order of repayment thereof. If the Borrower fails to make such a designation, the Administrative Agent shall apply any funds received from the Borrower pursuant to this Section 2.9 as follows: first, to Tranche D Loans; second, to Tranche C Loans; third, to Tranche B Loans; and fourth, to Tranche A Loans, and within each such tranche, as follows: first, to such Loans that are Alternate Base Rate Loans then outstanding, second, to such Loans that are Fed Funds Loans then outstanding, and third, to such Loans that are LIBOR Loans then outstanding. (ii) Notwithstanding anything contained herein, in no event shall the 141 aggregate principal amount of: (A) Tranche A Loans and Tranche B Loans outstanding at any time exceed the lesser of (I) one and one-quarter of one percent (1.25%) of the aggregate unpaid principal amount of Mortgage Loans included in the Approved Servicing Portfolio (as reflected in the most recent Servicing Portfolio Report delivered to the Administrative Agent, absent manifest error in such report); and (II) sixty-five percent (65%) of the appraised value of the Direct Servicing Rights relating to Mortgage Loans included in the Approved Servicing Portfolio (as reflected in the most recent Servicing Portfolio Report delivered to the Administrative Agent, absent manifest error in such report); (B) Tranche A Loans, Tranche B Loans and Tranche D loans outstanding at any time exceed the SubBorrowing Limit; and (C) Loans outstanding at any time exceed the Maximum Borrowing Limit. (iii) Any repayment of Tranche A Loans or Tranche B Loans under this Section 2.9(b) shall be applied to installments under Sections 2.9(c) or 2.9(d), respectively, in inverse order of maturities.
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Related to Aggregate Principal Balance Limitations of Loans

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,006,549.92.

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this First Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this First Supplemental Indenture.

  • Limitation on Aggregate Principal Amount The aggregate principal amount of the Notes shall not be limited. The Company shall not execute and the Trustee shall not authenticate or deliver Notes except as permitted by the terms of the Indenture.

  • Cut-Off Date Aggregate Principal Balance The Cut-Off Date Aggregate Principal Balance is $ 350,274,594.21.

  • Principal Balance Each Receivable had a remaining Principal Balance as of the Cutoff Date of not less than $500.

  • Original Class A Percentage The Original Class A Percentage is 96.09547893%

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Outstanding Principal Balance Each Receivable has an outstanding principal balance of at least $500.

  • Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New Loans A certificate of a Lender or the Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may be, as specified in Sections 5.8.1 [Increased Costs Generally] or 5.

  • Revolving Loan Prepayments (i) In the event of the termination of all the Revolving Commitments in accordance with the terms hereof, the Borrower shall, on the date of such termination, repay or prepay all of its outstanding Revolving Borrowings and, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) all outstanding Letters of Credit or cash collateralize all outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i). (ii) In the event of any partial reduction of the Revolving Commitments in accordance with the terms hereof, then (x) at or prior to the effective date of such reduction, the Administrative Agent shall notify the Borrower and the Revolving Lenders of the sum of the Revolving Exposures after giving effect thereto and (y) if the sum of the Revolving Exposures would exceed the aggregate amount of Revolving Commitments after giving effect to such reduction, then the Borrower shall, on the date of such reduction, first, repay or prepay Revolving Borrowings and second, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i), in an aggregate amount sufficient to eliminate such excess. (iii) In the event that at any time the sum of all Lenders’ Revolving Exposures exceeds the Revolving Commitments then in effect, the Borrower shall, without notice or demand, immediately first, repay or prepay Revolving Borrowings, and second, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i), in an aggregate amount sufficient to eliminate such excess. (iv) In the event that the aggregate LC Exposure exceeds the LC Sublimit then in effect, the Borrower shall, without notice or demand, immediately, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i), in an aggregate amount sufficient to eliminate such excess.

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