Maximum Aggregate Loan Amount Clause Samples
The Maximum Aggregate Loan Amount clause sets a cap on the total amount of money that can be borrowed under a loan agreement. This limit applies to all advances or disbursements made by the lender, ensuring that the combined outstanding principal does not exceed the specified maximum. For example, even if multiple drawdowns are permitted, the sum of all outstanding loans at any time cannot surpass this aggregate ceiling. The core function of this clause is to control the lender’s risk exposure and provide clear boundaries for the borrower regarding the total available credit.
Maximum Aggregate Loan Amount. Notwithstanding anything contained herein or in any other Loan Document to the contrary, the aggregate amount advanced under the Reduced Acquisition Loan and the Construction Loan shall not under any circumstances exceed the Loan Amount. Other than the disbursement of the Original Acquisition Loan Advance made on the Closing Date and any Construction Loan Advances made pursuant to the Original Loan Agreement or this Agreement, Lender shall have no obligation to loan any additional funds in respect of the Loan.
Maximum Aggregate Loan Amount. In no event shall (i) the combined unpaid principal balance of the Loan and the Receivables Loan exceed $45,000,000 or (ii) the unpaid principal balance of the Loan exceed $15,000,000. If at any time, either of the foregoing limitations are exceeded, then within 5 Business Days thereafter, Borrower will make a principal payment to Lender in an amount equal to such overage.
Maximum Aggregate Loan Amount. Notwithstanding anything contained herein or in any other Loan Document to the contrary, the aggregate principal amount of the Loan shall not under any circumstances exceed the Loan Amount.
Maximum Aggregate Loan Amount. The term “MAXIMUM AGGREGATE LOAN AMOUNT” means Eighty-Five Million Dollars ($85,000,000.00).
Maximum Aggregate Loan Amount. Notwithstanding anything contained herein or in any other Loan Document to the contrary, the aggregate principal amount of the Base Loan and any Future Funding shall not under any circumstances exceed the Loan Amount as the same may be reduced pursuant to the terms hereof. Other than the disbursement of the Base Loan Advance made on the date hereof and any Future Funding Advances made on the Advance Dates pursuant to this Agreement, Lender shall have no obligation to loan any additional funds in respect of the Loan. Any amount borrowed and repaid hereunder in respect of the Loan may not be reborrowed.
Maximum Aggregate Loan Amount. In no event shall (i) the combined unpaid principal balance of the Loan and the Receivables Loan exceed the Maximum Combined Loan Amount, (ii) the unpaid principal balance of the Loan exceed the Maximum Loan Amount, or (iii) the aggregate amount of all Advances made at any time under the Loan to exceed $25,000,000. If at any time, any of the foregoing limitations are exceeded, then within 5 Business Days thereafter, Borrower will make a principal payment to Lender in an amount equal to such overage.
Maximum Aggregate Loan Amount. Notwithstanding anything to the contrary set forth in the Loan Agreement, from and after the date hereof, the Maximum Aggregate Loan Amount during the following periods shall be as follows: (i) $74,000,000 from December 15, 1998, through and including ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇) $60,000,000 from April 1, 1999, through and including June 30, 1999, (iii) $50,000,000 from July 1, 1999, through and including September 30, 1999, (iv) $20,000,000 from October 1, 1999, through and including the Maturity Date, and (vi) $0 at all times thereafter. The Borrowers may at any time and from time to time permanently reduce the Maximum Aggregate Loan Amount by irrevocable written notice of such reduction to the Agent, and such reduction shall be effective as of the date on which the Agent receives such notice.