Maximum Outstandings. Subject to cancellation and reduction in -------------------- accordance with the terms hereof, the maximum aggregate principal amount of the Facility which may be utilized at any time for Advances is $100,000,000. In no event shall the aggregate Advance Outstandings for all Lenders at any time exceed the principal amount of $100,000,000 or such lesser amount as from time to time may result from any reduction pursuant to Section 2.5 hereof, or for ----------- each Lender at any time exceed such Lender's Commitment Proportion as in effect from time to time.
Maximum Outstandings. The aggregate of (i) outstanding Canadian Dollar Advances under the Canadian Revolving Facility (including the Equivalent Amount in Canadian Dollars for Letters of Credit in Euros and Pound Sterling outstanding under the Canadian Revolving Facility), (ii) the Equivalent Amount in Canadian Dollars of all outstanding US Dollar Advances under the Canadian Revolving Facility, (iii) the Equivalent Amount in Canadian Dollars of all outstanding Advances under the US Revolving Facility, (iv) outstanding Canadian Dollar Advances under the LC Facility (including the Equivalent Amount in Canadian Dollars for Letters of Credit in Euros and Pound Sterling outstanding under the LC Facility), and (v) the Equivalent Amount in Canadian Dollars of all outstanding US Dollar Advances under the LC Facility, will not (except as contemplated in Section 6.04), exceed the Borrowing Base.
Maximum Outstandings. The aggregate of the Dollar Amount of all Facility A Advances, Swingline Advances, Swingline Letters of Credit and Utilisations shall at no time exceed the Total Commitments in respect of Facility A. The aggregate of the Dollar Amount of all Facility B Advances shall at no time exceed the Total Commitments in respect of Facility B (save where the Conversion Advance has been drawn).
Maximum Outstandings. 4.1.1 No Utilisations shall be made if, on the date of such Utilisation, the aggregate Dollar Amount of the Total Outstandings would exceed $550,000,000 or, at any time during the Restriction Period, $275,000,000 or either of the limits set out in clause 2.1 would be breached (in any such case, as such limit in respect of the amount available under the Facilities is from time to time reduced in accordance with clause 7.2 or clause 7.4).
4.1.2 No Utilisations shall be made if the Utilisation Date falls within the period set out in column (1) below and the ratio of Senior Debt on such day (including the Dollar Amount of any proposed Utilisation to be made on such day) to Annualised Consolidated Net Operating Cash Flow (determined by reference to the most recently ended Six Month Period in respect of which Quarterly Management Accounts have been delivered to the Agent under this Agreement)
Maximum Outstandings. The aggregate of (i) outstanding Canadian Dollar Advances under the Canadian Revolving Facility, (ii) the Equivalent Amount in Canadian Dollars of all outstanding US Dollar Advances under the Canadian Revolving Facility, and (iii) the Equivalent Amount in Canadian Dollars of all outstanding Advances under the US Revolving Facility will not (except as contemplated in Section 6.04), exceed the Borrowing Base.
Maximum Outstandings. (a) Period 1 Prior to (and including) 30th June, 2001, the amount of Senior Debt shall not exceed 5.75 times Adjusted Annualised Consolidated EBITDA (determined by reference to the Six Month Period ending on the most recent Quarter Day in respect of which Quarterly Management Accounts have been delivered to the Agent under this Agreement) and no Drawings shall be made if, following the making of such Drawing, such limit would be exceeded.
(b) Period 2 On each day falling within the period set out in column (I) below, the amount of Senior Debt shall not exceed the multiple of Annualised Consolidated EBITDA (determined by reference to the Six Month Period ending on the most recent Quarter Day in respect of which Quarterly Management Accounts have been delivered to the Agent under this Agreement) set out against such period in column (II) below, and no Drawings shall be made if, following the making of such Drawing, such limit would be exceeded:
(II) Period Multiple of Annualised Consolidated EBITDA from (and including) 1st July, 2001 to (and 5.0 including) 31st March, 2002 from (and including) 1st April, 2002 to (and 4.5 including) 30th September, 2002 from (and including) 1st October, 2002 to (and 4.0 including) 31st March, 2003 from (and including) 1st April, 2003 to (and 3.5 including) 31st December, 2003 from (and including) 1st January, 2004 and 3.0 thereafter
(c) The aggregate principal amount of Drawings outstanding under the Facilities shall not at any time exceed the Facilities' Limit or its equivalent in Optional Currencies and no Drawing shall be made under the Agreement if, on the date of such Drawing, the Euro Amount of the Total Outstandings would exceed such limit. The aggregate Euro Amount of Drawings outstanding under Facility A shall not at any time exceed the Facility A Limit and no Drawing shall be made under Facility A if, on the date of such Drawing, the Facility A Outstandings would exceed such limit. The aggregate Euro Amount of Drawings outstanding under Facility B shall not at any time exceed the Facility B Limit and no Drawing shall be made under Facility B if, on the date of such Drawing the Facility B Outstandings would exceed such limit.
Maximum Outstandings. On the date on which the Term Loans are to be made, and after giving effect to the Loans made and Letters of Credit Outstanding on such date, the aggregate amount of Loans outstanding and Letters of Credit outstanding together with proceeds of the Trade Receivables Securitization shall not exceed $170,000,000.
Maximum Outstandings. [Reserved.] For purposes of determining satisfaction of any term or condition that requires compliance on a pro forma basis with the covenants set forth in Sections 6.1 and 6.2 prior to the date the Borrower delivers financial statements for the Fiscal Quarter ending December 31, 2022, compliance will be determined based on the most recently filed 10K or 10Q of the Borrower, and will assume that the financial covenant levels applicable on December 31, 2022 are applicable on the last day of the fiscal period covered by such 10-K or 10-Q filed with the SEC.
Maximum Outstandings. Permit, at any time, Total Commitment Usage minus cash (and cash equivalents) on hand of the Borrower and the Guarantors to be greater than the amounts set forth below during the periods set forth below: Total Commitment ---------------- Period Usage Minus Cash ------ ---------------- Closing Date through March 31, 2002 $135,000,000 April 1, 2002 through May 31, 2002 $120,000,000 June 1, 2002 through July 31, 2002 $105,000,000 August 1, 2002 through August 31, 2002 $115,000,000 September 1, 2002 through September 30, 2002 $120,000,000 October 1, 2002 through October 31, 2002 $115,000,000 November 1, 2002 through November 30, 2002 $100,000,000 December 1, 2002 through December 31, 2002 $90,000,000 January 3, 2003 through the Maturity Date $110,000,000
Maximum Outstandings. No Advance shall be made if:
(a) following the making of such Advance, the Facility Amount applicable at the time of such Advance would be exceeded;
(b) if the making of such Advance would result in more than two Advances being outstanding in respect of a Purchaser; or
(c) 40 or more Advances have already been made.
