Maximum Loan Amounts Sample Clauses

Maximum Loan Amounts. The aggregate outstanding principal amount of the -------------------- Note shall not in any event exceed 75% of the Appraised Value of the Project. EXHIBIT "F" LEASING AND TENANT MATTERS The Borrower and the Bank agree as follows:
Sample 1
Maximum Loan Amounts. The aggregate principal amount of the Loans from time to time outstanding shall not be more than: (i) with respect to the Project P Loan, the lesser of (x) eighty percent (80%) of all Eligible Project P Costs (excluding Excess Cost Overruns unless and to the extent provided for in Section 2.9(c)(i)(B) or in an approved Corrective Plan) incurred as of any date of determination and (y) One Hundred One Million One Hundred Eighty-Six Thousand and 00/100 Dollars ($101,186,000) (such lesser amount, the “Project P Maximum Loan Amount”); provided, however, that subject to the Project P Maximum Loan Amount and Sections 2.7(b) and 2.12, Advances shall be in the following amounts (but only if, in each case, all applicable conditions have been met): (A) initially in an amount equal to one hundred percent (100%) of Eligible Project P Costs incurred on or after December 15, 2008; (B) reduced to an amount equal to eighty percent (80%) of Eligible Project P Costs incurred during the period beginning on February 1, 2010, in the event Borrower has not satisfied all conditions precedent to a Site-Dependent Advance of the Project P Loan, and ending on the date that such conditions are satisfied; provided, however, that in no event shall DOE or FFB be required to make any Advances of the Project P Loan after June 1, 2010 unless all conditions precedent to a Site-Dependent Advance of the Project P Loan, as set forth in Section 5.4, have been satisfied; and (C) after such all conditions precedent to a Site-Dependent Advance of the Project P Loan have been satisfied, in an amount equal to one hundred percent (100%) of Eligible Project P Costs thereafter incurred. In addition, subject to the Project P Maximum Loan Amount and Sections 2.7(b) and 2.12 (and only if all applicable conditions have been met):
Sample 1

Related to Maximum Loan Amounts

  • Loan Amount 5. ACCOUNT NAME(S) ............................................................................................................................................................................. BANK NAME / BRANCH ..................................................................................................................................................................

  • Maximum Advances In the case of any type of Advance requested to be made, after giving effect thereto, the aggregate amount of such type of Advance shall not exceed the maximum amount of such type of Advance permitted under this Agreement. Each request for an Advance by any Borrower hereunder shall constitute a representation and warranty by each Borrower as of the date of such Advance that the conditions contained in this subsection shall have been satisfied.

  • Allocation of Loan Amounts The Loan is allocated in a single withdrawal tranche, from which the Borrower may make withdrawals of the Loan proceeds. The allocation of the amounts of the Loan to this end is set out in the table below: Allocations Amount of the Loan Allocated (expressed in Dollars) Single Withdrawal Tranche 260,000,000 Fee payable pursuant to Section 2.04 of this Agreement TOTAL AMOUNT 260,000,000

  • Maximum Credit Patheon's liability for Active Materials calculated in accordance with this Section 2.2 for any Product in a Year will not exceed, in the aggregate, the Maximum Credit Value set forth in Schedule D to a Product Agreement.

  • Line of Credit Amount (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the “Facility No. 1 Commitment”) is Five Million and 00/100 Dollars ($5,000,000.00). (b) This is a revolving line of credit. During the availability period, the Borrower may repay principal amounts and reborrow them. (c) The Borrower agrees not to permit the principal balance outstanding to exceed the Facility No. 1

  • Term Loan Advances Subject to Section 2.3(b), the principal amount outstanding for each Term Loan Advance shall accrue interest at a floating per annum rate equal to one percent (1.0%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.3(d) below.

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.

  • Maximum Drawing Amount The maximum aggregate amount that the beneficiaries may at any time draw under outstanding Letters of Credit, as such aggregate amount may be reduced from time to time pursuant to the terms of the Letters of Credit.

  • Minimum Amounts and Maximum Number of Eurodollar Tranches Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than ten Eurodollar Tranches shall be outstanding at any one time.

  • Maximum Interest Rate In no event shall any interest rate provided for hereunder exceed the maximum rate legally chargeable under applicable law with respect to loans of the Type provided for hereunder (the “Maximum Rate”). If, in any month, any interest rate, absent such limitation, would have exceeded the Maximum Rate, then the interest rate for that month shall be the Maximum Rate, and, if in future months, that interest rate would otherwise be less than the Maximum Rate, then that interest rate shall remain at the Maximum Rate until such time as the amount of interest paid hereunder equals the amount of interest which would have been paid if the same had not been limited by the Maximum Rate. In the event that, upon payment in full of the Obligations, the total amount of interest paid or accrued under the terms of this Agreement is less than the total amount of interest which would, but for this Section 3.3, have been paid or accrued if the interest rate otherwise set forth in this Agreement had at all times been in effect, then the Borrower shall, to the extent permitted by applicable law, pay the Agent, for the account of the applicable Lenders, an amount equal to the excess of (a) the lesser of (i) the amount of interest which would have been charged if the Maximum Rate had, at all times, been in effect or (ii) the amount of interest which would have accrued had the interest rate otherwise set forth in this Agreement, at all times, been in effect over (b) the amount of interest actually paid or accrued under this Agreement. If a court of competent jurisdiction determines that the Agent and/or any Lender has received interest and other charges hereunder in excess of the Maximum Rate, such excess shall be deemed received on account of, and shall automatically be applied to reduce, the Obligations other than interest, and if there are no Obligations outstanding, the Agent and/or such Lender shall refund to the Borrower such excess.

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