Borrowing Limits. Borrowings under this Agreement up to and including the maximum amount available under this Agreement will not when borrowed cause any limit on borrowings or, as the case may be, on the giving of guarantees (whether imposed by statute, regulation, agreement or otherwise), or on the powers of its board of directors, applicable to it to be exceeded.
Borrowing Limits. The aggregate outstanding amount of all Advances shall not exceed eighty-five percent (85%) of the aggregate total discounted present value of the Collateral (defined below) subject to the lien of one or more Mortgages, after deducting any allocable amount securing any outstanding Senior Debt (defined below) (the “Loan-to-Value Ratio”), which value shall be determined by one or more reserve studies obtained from time to time (each a “Reserve Study” and collectively, the “Reserve Studies”) as reported on an annual basis by the Borrower to the Lender. For purposes of this Section, a Reserve Study shall be determined by an independent, qualified third party, as selected and/or approved by the Lender in its sole discretion. Once approved by the Lender, the Reserve Study determined shall be conclusive and, until an updated Reserve Study is obtained, shall be the basis for calculating the Loan-to-Value Ratio. In the event the aggregate outstanding Advances exceed the Loan-to-Value Ratio, such event shall not be deemed and Event of Default; and the Borrower shall cure such deficiency by either pledging additional Collateral or repaying a portion of the Loan until the Loan-to-Value Ratio is met.
Borrowing Limits. 3.2.1 The amounts borrowed by the Company under overdraft facilities do not exceed applicable overdraft limits.
3.2.2 The amounts borrowed by the Company do not exceed any limitation on its borrowings contained in its constitutional documents or in any agreement or instrument binding upon it.
Borrowing Limits. The borrowing of Advances under this Agreement up to and including the maximum amount available to it under this Agreement will not, when borrowed, cause any limit on borrowings or, as the case may be, on the giving of guarantees (whether imposed by statute, regulation or agreement) or on the powers of its board of directors, applicable to it, to be exceeded.
Borrowing Limits. The Borrower shall not engage in additional borrowing or financial activities beyond the specified limits, if any, as specified in the Confirmation.
Borrowing Limits. After the making of the Loans on any Borrowing Date, the aggregate principal amount of all Loans outstanding shall not exceed the Commitments, the aggregate principal amount of all General Corporate Loans outstanding shall not exceed 25% of the Commitments and the aggregate principal amount of all Loans outstanding denominated in GBP shall not exceed the Equivalent Amount of $100,000,000 (as determined in accordance with Section 1.3(b)) and Agent and Administrative Agent shall have received a certificate dated as of a date not more than five (5) Business Days prior to the relevant Borrowing Date to such effect.
Borrowing Limits. After giving effect to any Borrowing or the issuance, amendment, renewal or extension of any Letter of Credit, Aggregate Availability shall not be less than zero and the Credit Parties shall be in compliance with the Borrowing Limits.
Borrowing Limits if applicable, a certificate from an authorised signatory of each Obligor confirming that utilisation by the Borrower of the Total Commitments in full will not breach any limit binding on that Obligor under its constitutional documents or otherwise.
Borrowing Limits. After the making of such Loan on such Borrowing Date, the aggregate outstanding principal amount of all Loans shall not exceed the aggregate amount of the Commitments.
Borrowing Limits. The Finance Act limits the amount each arrangement in your plan can borrow. In addition, any borrowing might be further restricted in accordance with the terms and conditions offered by the lender.
