Aggregate Borrowing Limit definition

Aggregate Borrowing Limit means, at any time, the lesser of (i) the sum of the Revolving Credit Commitments and Revolving Credit Commitments (as defined in the U.S. Facility) in effect at such time and (ii) the Aggregate Borrowing Base at such time.

Aggregate Borrowing Limit means $25,000,000.

Aggregate Borrowing Limit means Forty Million Dollars ($40,000,000).

Examples of Aggregate Borrowing Limit in a sentence

• The aggregate amount of outstanding Credit Extensions hereunder shall at no time exceed the Aggregate Borrowing Limit.

• If the aggregate amount of Credit Extensions hereunder exceeds the Aggregate Borrowing Limit at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

• If the aggregate amount of outstanding Credit Extensions hereunder exceeds the Aggregate Borrowing Limit at any time, Borrowers shall immediately pay to Bank, in cash, the amount of such excess.

• At no time will the aggregate outstanding Credit Extensions exceed the Aggregate Borrowing Limit.

• If the aggregate amount of outstanding Credit Extensions hereunder exceeds the Aggregate Borrowing Limit at any time, Borrower shall immediately pay to Bank, in Cash, the amount of such excess.

More Definitions of Aggregate Borrowing Limit

Aggregate Borrowing Limit means the sum of the Class A Loans Borrowing Limit, the Class B Loans Borrowing Limit and the Class C Loans Borrowing Limit.

Aggregate Borrowing Limit means $3,000,000.

Aggregate Borrowing Limit means the sum of (a) 80% of Borrower's Eligible Accounts plus (b) 85% of the appraised orderly liquidation value of Borrower's Eligible Inventory (after taking into account reasonably estimated expenses of sale) plus (c) the lesser of (i) 85% of the appraised orderly liquidation value of Borrower's Equipment and (ii) 100% of the appraised forced liquidation value of Borrower's Equipment (in either case, after taking into account reasonably estimated expenses of sale) plus (d) 70% of the appraised value of the Owned Real Property subject to the Mortgage, with such appraised value to be determined on the assumption that a sale must occur no later than twelve (12) months after the initial list date and after taking into account reasonably estimated expenses of sale. All appraisals used in determining Collateral values for purposes of this definition must be prepared by an accredited appraiser satisfactory to the Agent in accordance with applicable industry standards and otherwise be satisfactory to the Agent in all respects.

Aggregate Borrowing Limit means $25,000,000; provided that, upon the occurrence of the Increase Milestone and Borrower’s election to exercise the Increase Option, the tenn Aggregate Borrowing Limit” shall instead mean $35,000,000.

Aggregate Borrowing Limit means $50,000,000.

Aggregate Borrowing Limit means Twenty-Two Million Five Hundred Thousand Dollars ($22,500,000).

Aggregate Borrowing Limit means $10,000,000.