Aggregate Line Cap definition

Aggregate Line Cap means at any time the lesser of (i) the Total Revolving Credit Commitment and (ii) the Borrowing Base.
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Aggregate Line Cap means the sum at any time of the lesser of (a) the Aggregate Borrowing Base at such time and (b) the Aggregate Revolving Credit Commitments.
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Aggregate Line Cap means, at any time of determination, an amount equal to the lesser of (a) the Aggregate Commitment and (b) the Global Borrowing Base.
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Examples of Aggregate Line Cap in a sentence

  • The Department shall use its best efforts to ensure that payments for amounts billed hereunder shall be paid so that such payments are received by the Seller by the last Business Day of the Invoice Month or the 10th day after receipt of the xxxx, whichever is later.


More Definitions of Aggregate Line Cap

Aggregate Line Cap means, at any time of determination, an amount equal to the lesser of (a) the Aggregate Commitment and (b) the Global BorrowingBase.
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Aggregate Line Cap at any time, the lesser of (i) 100% (or, during an Extraordinary Advance Period, 105%) of the Aggregate Borrowing Base at such time and (ii) the Total Revolving Credit Commitments in effect at such time.
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Related to Aggregate Line Cap

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Line Cap means, as of any date of determination, the lesser of (a) the Maximum Revolver Amount, and (b) the Borrowing Base as of such date of determination.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04.

  • Aggregate Revolving Commitments means, collectively, all Revolving Commitments of all Lenders at any time outstanding.