Common use of Maximum Loan Amount Clause in Contracts

Maximum Loan Amount. Each payment received by GECC pursuant to Section 3.1 above and applied by CF to the outstanding balance of the revolving loan under the CF Documents shall reduce permanently the Maximum Loan Amount (as that term is defined in the CF Documents) by an amount equal to the amount so applied; such reduction shall be effective upon application of such payments. The definition of Maximum Loan Amount in the Loan Agreement is hereby modified accordingly. As of the date of this Agreement, the Maximum Loan Amount is One Million Five Hundred Thousand Dollars ($1,500,000.00).

Maximum Loan Amount. Each payment received by GECC pursuant to Section 3.1 and Section 3.2 above and applied by CF to the outstanding balance of the revolving loan under the CF Documents shall reduce permanently the Maximum Loan Amount (as that term is defined in the CF Documents) by an amount equal to the amount so applied; such reduction shall be effective upon application of such payments. The definition of Maximum Loan Amount in the Loan Agreement is hereby modified accordingly. As of the date of this Agreement, the Maximum Loan Amount is One Million Five Seven Hundred Thousand Dollars ($1,500,000.001,700,000.00).