Examples of Aggregate Facility Amount in a sentence
KCMH shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the Commitments; provided, that (i) each partial reduction shall be in a minimum aggregate amount of $5,000,000 and (ii) after giving effect to such termination or reduction, (A) the Total Credit Exposure does not exceed the Aggregate Facility Amount and (B) the L/C Exposure does not exceed the Letter of Credit Facility Amount.
The Credit Facility may be used by each Borrower independently, provided that the aggregate principal amount outstanding may not exceed the Aggregate Facility Amount.
Immediately after giving effect to each Advance and each settlement on any Settlement Date hereunder, the Aggregate Principal is less than or equal to the Aggregate Facility Amount.
Notwithstanding anything in this Annex A to the contrary, the aggregate amount of outstanding Financing Transaction Borrowings made to finance Financing Transactions in which the underlying issue or facility rating is CCC or lower by S&P, or Caa2 or lower by Moody’s, shall not exceed 50% of the Aggregate Facility Amount at any time.
Notwithstanding anything in this Annex B to the contrary, the aggregate amount of outstanding Financing Transaction Borrowings made to finance Financing Transactions in which the underlying issue or facility rating is * or lower by S&P, or * or lower by Xxxxx’x, shall not exceed *% of the Aggregate Facility Amount at any time.