Aggregate Facility Amount definition
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.
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.
The Credit Facility may be used by each Borrower independently, provided that the aggregate principal amount outstanding may not exceed the Aggregate Facility Amount.
Through the Revolving Period Termination Date, the facility established hereby shall be a revolving facility; within the limits of the Aggregate Facility Amount, the Borrower may borrow, prepay pursuant to Section 2.7 and reborrow under this Section 2.
Senior secured revolving credit facilities totaling up to $110,000,000 (the "AGGREGATE FACILITY AMOUNT"), available in amounts detailed on Exhibit B for letters of credit and advances in U.S. Dollars (and, for ---------- Purina Korea, Inc., Korean Won of up to the Dollar Equivalent of $15,000,000) - as follows: FACILITY 1: Up to $55,000,000 (50% of the Aggregate Facility Amount) shall be ---------- in a 364-day revolving credit.