Maximum Credit Facility Clause Samples
The Maximum Credit Facility clause sets a cap on the total amount of credit or funds that a lender is obligated to provide to a borrower under a loan agreement. This limit applies regardless of the number of drawdowns or advances made, ensuring that the aggregate outstanding principal does not exceed the specified maximum. For example, if the maximum credit facility is set at $5 million, the borrower cannot borrow more than this amount at any time during the term of the agreement. The core function of this clause is to clearly define the lender’s maximum financial exposure and prevent the borrower from accessing more credit than agreed, thereby managing risk for both parties.
Maximum Credit Facility. Notwithstanding anything in this Agreement to the contrary, in no event shall the aggregate principal Revolving Credit Obligations exceed the Maximum Revolving Credit Amount.
Maximum Credit Facility. Notwithstanding anything in this ----------------------- Agreement to the contrary, in no event shall the aggregate principal Obligations exceed the aggregate Commitments.
Maximum Credit Facility. Notwithstanding anything in this Agreement to the contrary, in no event shall (i) the sum of the aggregate Revolving Credit Tranche A Obligations and the aggregate Tranche A Letter of Credit Obligations exceed the Revolving Credit Tranche A Commitments, (ii) the sum of the aggregate Revolving Credit Tranche B Obligations and the aggregate Tranche B Letter of Credit Obligations exceed the Revolving Credit Tranche B Commitments, (iii) the aggregate Term Loan Obligations exceed the Term Loan Commitments, or (iv) the sum of the aggregate Revolving Credit Obligations and the aggregate Letter of Credit Obligations exceed the Maximum Revolving Credit Amount; provided, however, that any excess that exists pursuant to the foregoing clauses (ii) and (iv) resulting solely from changes in foreign currency exchange rates shall be deemed to not violate this Section 2.5, so long as the Borrower complies with the applicable requirements of Section 4.2(j)(iii).
Maximum Credit Facility. Notwithstanding anything in this Agreement to the contrary, in no event shall the aggregate Credit Obligations exceed $1,000,000,000 without the consent of each Lender.
Maximum Credit Facility. Notwithstanding anything in this Agreement to the contrary, in no event shall the aggregate principal Obligations exceed the aggregate Commitments.
Maximum Credit Facility. Notwithstanding ----------------------- anything to the contrary contained in this Agreement or any of the other Loan Documents, the aggregate amount of the Loans and Banker's Acceptances shall not exceed One Million Six Hundred Thousand No/100 Dollars ($1,600,000.00) at any time outstanding.