Sublimits Sample Clauses
Sublimits. Section 4.2(c) of the Repurchase Agreement is amended and restated in its entirety to read as follows:
Sublimits. If, under the Credit Facility Agreement, the Parties have provided for Sublimits within the limits of which Credit Facilities may be issued for each Borrower, the provisions of these GCC and the Credit Facility Agreement on the Borrower shall appropriately apply to each Borrower, if the case, and the provisions on the Facility Limit shall appropriately apply to the Sublimits established for each Borrower.
Sublimits. Bank shall have no obligation (a) to issue any Letters of Credit, if the aggregate outstanding undrawn amount of all Letters of Credit would exceed $1,000,000; (b) to issue any Letter of Credit, if an Event of Default has occurred and is continuing; or (c) to issue any Letter of Credit if the Revolving Credit Facility Usage plus the amount of such new Letter of Credit to be issued exceeds the Maximum Revolving Credit Facility Amount (the "Letter of Credit Sublimit").
Sublimits. If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.
Sublimits. Notwithstanding anything to the contrary set forth herein, Borrower may borrow hereunder only to the extent that after giving effect to such borrowing (collectively, the “Sublimits”):
2.6.1.1. the Loan to Value Ratio shall not exceed seventy percent (70%) (the “Maximum Loan to Value Ratio”);
2.6.1.2. the Facility Debt Service Coverage Ratio shall not be less than 1.20 : 1.00.
2.6.1.3. the number of Borrowing Tranches outstanding shall not exceed fifteen (15);
2.6.1.4. the Loan shall not exceed the Commitment; and
2.6.1.5. one or more Qualifying Rate Cap Agreements and/or Qualifying Rate Swap Agreements shall be maintained with (i) an aggregate notional amount equal to the Required Hedge Amount and (ii) a Hedged Debt Service Coverage Ratio of no less than 1.20:1.00.
Sublimits. Notwithstanding anything to the contrary set forth herein, Borrower may borrow hereunder only to the extent that after giving effect to such borrowing (collectively, the “Sublimits”):
2.1.4.1 the Property LTV Ratio shall not exceed the Maximum Property LTV Ratio;
2.1.4.2 the Property LTV Ratio as set forth in any Affiliate Borrower Credit Agreement shall not exceed the Maximum Property LTV Ratio as set forth in any Affiliate Borrower Credit Agreement;
2.1.4.3 the Property DSCR shall not be less than: (a) 1.55:1.00 for a Multifamily Mortgaged Property or (b) 1.60:1.00 for a Student Housing Mortgaged Property.
2.1.4.4 the Property DSCR set forth in any Affiliate Borrower Credit Agreement shall not be less than as set forth in any Affiliate Borrower Credit Agreement;
2.1.4.5 the aggregate number of all Outstanding Borrowing Advance Tranches shall not exceed 10;
2.1.4.6 the aggregate amount of the Outstanding Borrowing Advance Tranches shall not exceed the Sponsor Borrower Loan; and
Sublimits. Revolving Advances made to Borrowers against (i) Eligible Insured Foreign Receivables owing from C.E.
Sublimits. The following restrictions shall apply in relation to any request by Company to one or more Revolving Lenders to issue Letters of Credit in accordance with the provisions of this subsection 3.1:
(i) Letter of Credit Usage (other than under clause (ii) below) shall at no time exceed $20,000,000; and
(ii) Company may request that one or more Revolving Lenders issue Standby Letters of Credit or similar instruments for the purpose of supporting the obligations of HSBC Bank plc as a guarantor under the UK Loan Notes (the “Applicable Standby Letters of Credit”) provided that the maximum aggregate amount which may become available for drawing under the Applicable Standby Letters of Credit shall not exceed $60,000,000; and
(iii) Letter of Credit Usage on the Closing Date shall not exceed $50,000,000.
Sublimits. (a) In addition to any other limitations set forth in this Agreement and subject to Section 2.4(b) of this Agreement, the following limitations apply with respect to all Loans and Letters of Credit:
(i) The aggregate outstanding principal amount of all Loans shall at no time exceed the Loan Advance Sublimit.
(ii) The aggregate outstanding principal amount of all Daylight Overdraft Loans and all Swing Line Loans shall at no time exceed the Daylight Overdraft/Swing Line Sublimit.
(iii) The sum of the Face Amount of all Long Term Letters of Credit and Performance Letters of Credit issued hereunder shall at no time exceed the Long Term and Performance L/C Sublimit.
(iv) Each Loan made and Letter of Credit issued under this Agreement may be subject to multiple sublimits as provided in this Section 2.4, and to the extent such Letter of Credit or Loan is subject to multiple sublimits, it shall reduce the availability under each applicable sublimit accordingly.
(b) The sublimits set forth in Section 2.4(a) of this Agreement exist for the benefit of the Administrative Agent and the Lenders and may be modified, increased, or supplemented by the Required Lenders in their SOLE AND ABSOLUTE DISCRETION at any time. No modification or increase of any sublimit set forth in this Section 2.4, or addition of any supplemental sublimit, shall be deemed to be a commitment or consent by any Lender to any make any Credit Extension.