Exceeding Amount Sample Clauses

Exceeding Amount. . . . 16 2.2.5 The Line of Credit Notes. . . . . . . 17 2.2.6 Clean-Up of Line of Credit. . . . . . 17 2.3 The Letter of Credit Commitment . . . . . . . . 17 2.3.1 Purpose of Loan and Loan Amount . . . 17 2.3.2 Term and Limits on Requests for Letters of Credit . . . . . . . . . . . . . . . . . . . . . . . . . . 18 2.3.3 Draws Under Letters of Credit . . . . 18 2.3.4 The Letter of Credit Notes. . . . . . 18 2.3.5 Limitation on Letters of Credit . . . 19 2.3.6 Draws Subsequent to Maturity Date or Event of Default . . . . . . . . . . . . . . . . . . . . . . . . 19 2.3.7 Non-Funding Lender. . . . . . . . . . 20 2.3.8 Draws on Letters of Credit. . . . . . 20 2.4
Sample 1
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Exceeding Amount. If at any time the aggregate principal amount of Advances outstanding under the Line of Credit Commitment shall exceed the Line of Credit Commitment, the Borrowers will pay to the Agent, for the account of the Lenders, upon demand such amount as shall be required to cause the aggregate principal amount of Advances outstanding to be equal to or less than the Line of Credit Commitment. The amount of all Advances which will cause the outstanding balance under the Line of Credit to exceed the Line of Credit Commitment shall bear interest at an Effective Rate, provided that if same are not paid within three (3) Business Days following demand therefor, then the amount of Advances in excess of the Line of Credit Commitment shall thereupon bear interest at the Default Rate. Notwithstanding anything seemingly to the contrary herein, under no circumstances shall the Borrower request nor shall the Lenders knowingly make any Advances which shall cause the outstanding balance under the Line of Credit to exceed the Line of Credit Commitment.
Sample 1

Related to Exceeding Amount

  • Amount The Bond shall be in at least the aggregate amount required by Rule 17g-1(d) to be maintained by the parties.

  • Maximum Drawing Amount The maximum aggregate amount that the beneficiaries may at any time draw under outstanding Letters of Credit, as such aggregate amount may be reduced from time to time pursuant to the terms of the Letters of Credit.

  • Aggregate Amount The aggregate principal amount of the Notes that may be initially authenticated and delivered under the Third Supplemental Indenture shall be U.S.$750,000,000. As provided in the Original Indenture, the Company may, from time to time, without the consent of the Holders of Notes, issue Add On Notes having identical terms (including CUSIP, ISSN and other relevant identifying characteristics as the Notes), so long as, on the date of issuance of such Add On Notes: (i) no Default or Event of Default shall have occurred and then be continuing, or shall occur as a result of the issuance of such Add On Notes, (ii) such Add On Notes shall rank pari passu with the Notes and shall have identical terms, conditions and benefits as the Notes and be part of the same series as the Notes, (iii) the Company and the Trustee shall have executed and delivered a further supplemental indenture to the Indenture providing for the issuance of such Add On Notes and reflecting such amendments to the Indenture as may be required to reflect the increase in the aggregate principal amount of the Notes resulting from the issuance of the Add On Notes, (iv) Petrobras and the Trustee shall have executed and delivered an amended Standby Purchase Agreement reflecting the increase in the aggregate principal amount of the Notes resulting from the issuance of the Add On Notes and (v) the Trustee shall have received all such opinions and other documents as it shall have requested, including an Opinion of Counsel stating that such Add On Notes are authorized and permitted by the Indenture and all conditions precedent to the issuance of such Add On Notes have been complied with by the Company and Petrobras. All Add On Notes issued hereunder will, when issued, be considered Notes for all purposes hereunder and will be subject to and take the benefit of all of the terms, conditions and provisions of this Indenture.

  • Maximum Advance Amount The amount of an Advance requested by the Company shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the aggregate number of shares of Common Stock beneficially owned by the Investor and its affiliates to exceed nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company. For the purposes of this section beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.

  • Outstanding Amounts The outstanding principal balance of the Note reflected by the notations by the Lender on its records shall be deemed rebuttably presumptive evidence of the principal amount owing on the Note. The liability for payment of principal and interest evidenced by the Note shall be limited to principal amounts actually advanced and outstanding pursuant to this Agreement and interest on such amounts calculated in accordance with this Agreement.

  • Minimum Borrowing Amount The aggregate principal amount of each Borrowing by the Borrower shall not be less than the Minimum Borrowing Amount.

  • Maximum Borrowing Amounts (a) The Total Japan Local Currency Commitment, and the Japan Local Currency Commitment for each Japan Local Currency Bank party to this Addendum as of the date hereof, are set forth on Schedule I.

  • Make-Whole Amount The term “

  • Determination of Amount Outstanding On each Quarterly Date and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice (as defined below), the Administrative Agent shall determine the aggregate Revolving Multicurrency Credit Exposure. For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount in the Foreign Currency of such Loan, determined as of such Quarterly Date or, in the case of a Currency Valuation Notice received by the Administrative Agent prior to 11:00 a.m., New York City time, on a Business Day, on such Business Day or, in the case of a Currency Valuation Notice otherwise received, on the first Business Day after such Currency Valuation Notice is received. Upon making such determination, the Administrative Agent shall promptly notify the Multicurrency Lenders and the Borrower thereof.

  • Payment at Highest Lawful Rate If the Borrower is not obliged to make a payment that it would otherwise be required to make, as a result of Section 5.6(a), the Borrower shall make such payment to the maximum extent permitted by or consistent with applicable laws, rules and regulations.

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