Maximum Competitive Bid Loans; Funding Losses. (a) Notwithstanding any other provision herein to the contrary, at no time shall the aggregate principal amount of Competitive Bid Loans outstanding at any time exceed the lesser of (i) the Total Commitment MINUS Total Outstanding other than the outstanding principal amount of Competitive Bid Loans and (ii) the Maximum Competitive Bid Amount.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Michaels Stores Inc), Revolving Credit Agreement (Michaels Stores Inc)
Maximum Competitive Bid Loans; Funding Losses. (a) Notwithstanding any other provision herein to the contrary, at no time shall the aggregate principal amount of Competitive Bid Loans outstanding at any time exceed the lesser of (i) the Total Commitment MINUS Total Outstanding other than minus the outstanding aggregate principal amount of Competitive Bid Syndicated Loans and (ii) the Maximum Competitive Bid Amountoutstanding at such time.
Appears in 1 contract
Maximum Competitive Bid Loans; Funding Losses. (a) Notwithstanding any other provision herein to the contrary, at no time shall the aggregate principal amount of Competitive Bid Loans outstanding at any time exceed the lesser of (i) the Total Commitment MINUS Total Outstanding other than minus the outstanding aggregate principal amount of Competitive Bid Syndicated Loans outstanding at such time and (ii) the Maximum Competitive Bid Amount$20,000,000.
Appears in 1 contract
Samples: Credit Agreement (New England Business Service Inc)
