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 (such sum being referred to herein as the "Loan Balance"), to exceed the Total Commitment.

Appears in 1 contract

Samples: Commercial Loan Agreement (Titan Corp)

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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 (such sum being referred to herein as is the "Loan Balance"), to exceed the Total CommitmentCommitment and is further subject to compliance with the Borrowing Base, defined hereinbelow.

Appears in 1 contract

Samples: Loan Agreement (Advanced Marketing Services Inc)

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 (such sum being referred to herein as is the "Loan Balance"), ) to exceed the Total Commitmentlesser of the Commitment or the Borrowing Base.

Appears in 1 contract

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

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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 CommitmentCommitment or the Borrowing Base." Section 1.1 (f) is hereby added to the Agreement as follows:

Appears in 1 contract

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

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