Common use of Maximum Loan Balance Clause in Contracts

Maximum Loan Balance. Borrower agrees not to permit the outstanding principal balance of the Revolving Line of Credit plus the outstanding amounts of any letters of credit under the subline facility, including amounts drawn on letters of credit and not yet reimbursed to Bank (such sum being referred to herein as the "Loan Balance"), to exceed the lesser of Total Commitment or the Borrowing Base."

Appears in 1 contract

Samples: Construction Loan Agreement (Compass Plastics & Technologies Inc)

AutoNDA by SimpleDocs

Maximum Loan Balance. Borrower agrees not to permit the outstanding principal balance of the Revolving Line of Credit plus the outstanding amounts of any letters of credit under the subline facility, including amounts drawn on letters of credit and not yet reimbursed to Bank (such sum being referred to herein as is the "Loan Balance"), ) to exceed the lesser of Total the Commitment or the Borrowing Base."

Appears in 1 contract

Samples: Commercial Loan Agreement (Compass Plastics & Technologies Inc)

Maximum Loan Balance. Borrower agrees not to permit the outstanding principal balance of the Revolving Line of Credit plus the outstanding amounts face amount of any letters of credit under the subline facilitycredit, including amounts drawn on letters of credit and not yet reimbursed to Bank (such sum being referred to herein as is the "Loan Balance"), to exceed the lesser of Total Commitment or and is further subject to compliance with the Borrowing Base, defined hereinbelow."

Appears in 1 contract

Samples: Loan Agreement (Advanced Marketing Services Inc)

AutoNDA by SimpleDocs

Maximum Loan Balance. Borrower agrees not to permit the outstanding principal balance of the Revolving Line of Credit plus the outstanding amounts of any letters of credit under the subline facility, including amounts drawn on letters of credit and not yet reimbursed to Bank (such sum being referred to herein as the "Loan Balance"), to exceed the lesser of Total Commitment or the Borrowing BaseCommitment."

Appears in 1 contract

Samples: Security Agreement (Titan Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.