Limitations on Collateral Values Sample Clauses

Limitations on Collateral Values. Once the Maximum Allowed Borrowing Base Advance is initially established for a particular Eligible Lot, that Maximum Allowed Borrowing Base Advance is subject to either increase or decrease based on subsequent events, such as updated Appraisals or change orders. If any of the limitations on Eligible Collateral, Collateral Value, Outstanding Borrowings, or outstanding Borrowing Base Advances set forth in this SECTION 3.3 or elsewhere in this Agreement are exceeded, the Lender may at its option either delete Units and Eligible Lots from Eligible Collateral until such requirements are met or require Borrower to make a remargining payment pursuant to SECTION 2.9.
Sample 1Sample 2
AutoNDA by SimpleDocs
Limitations on Collateral Values 
Sample 1

Related to Limitations on Collateral Values

  • Limitations on Dispositions of Collateral The Debtor will not sell, transfer, lease, or otherwise dispose of any of the Collateral, or attempt, offer or contract to do so other than dispositions of Inventory in the ordinary course of the Debtor’s business; provided, however that the Debtor will be allowed to grant licenses to its products and related documentation in the ordinary course of business and to establish or provide for escrows of related intellectual property in connection therewith.

  • Limitations on Liens Create, incur, assume or suffer to exist, any Lien on or with respect to any of its assets or properties (including, without limitation, shares of Capital Stock), real or personal, whether now owned or hereafter acquired, except:

  • Limitations on Asset Sales (a) The Issuer will not, and will not permit any Restricted Subsidiary to, directly or indirectly, consummate any Asset Sale unless:

  • Limitation on Liens on Collateral No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

  • Limitations on Disposition No Grantor will sell, license, lease, transfer or otherwise dispose of any of the Collateral, or attempt or contract to do so except as permitted by the Credit Agreement.

  • Further Limitations on Disposition The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:

  • Limitations on Debt Create, incur, assume or suffer to exist any Debt except:

  • Limitations on Investments The Company will not, and will not permit any of its Subsidiaries to, make any Investment other than (i) a Permitted Investment or (ii) an Investment that is made as a Restricted Payment in compliance with Section 4.7 hereof.

  • Limitations on Claims In addition to the limitations on indemnification set forth in Section 9(a) above, the Employer shall not be obligated pursuant to this Agreement:

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