Aggregate Loan Values definition

Aggregate Loan Values is amended by inserting "$2,500,000" in lieu of $2,000,000" therein.
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Aggregate Loan Values. For purposes of this Agreement, the "Aggregate Loan Values" shall consist of the sum of the Loan Value of Accounts and the Loan Value of Inventory. For purposes of this Agreement, Loan Value of Accounts shall mean an amount no greater than eighty-five percent (85%) of the Eligible Accounts of Borrower; and Loan Value of Inventory shall mean the lesser of 50% of Borrower's Eligible Inventory or $750,000. With respect to all Accounts, Borrower represents and warrants to Bank that Bank may rely, in determining which Accounts are Eligible Accounts, on all statements and representations made by Borrower with respect to any Account or Accounts.
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Examples of Aggregate Loan Values in a sentence

  • Notwithstanding any provision in this Agreement, the ----------- Bank may, in its sole discretion, at any time limit the amount of the Loan advanced to the Borrower to an amount less than the Aggregate Loan Values.

  • Our empirical results show that the informational content of defaults and, thus, the overall strength of default effects are increasing in the alignment of interests.

  • Notwithstanding any provision in this Agreement, the Bank may, in its sole discretion, at any time, but only upon one hundred and eighty (180) days advance written notice to Borrower, limit the amount of the Loan advanced to the Borrower to an amount less than the Aggregate Loan Values.

  • Subject to all terms set forth herein but only during the Commitment Period and for so long as no Event of Default exists, Bank agrees, from time to time and on the terms hereinafter set forth, to loan to Borrowers, on a joint and several basis, when requested by Borrowers, principal amounts up to the Aggregate Loan Values as determined by the Bank from the periodic reports submitted by Borrowers to the Bank.

  • Notwithstanding any provision in this Agreement, the Bank may, in its sole discretion, at any time limit the amount of the Line of Credit Loan advanced to Borrowers to an amount less than the Aggregate Loan Values.

  • The submitted Transport Assessment has considered the total trip generation for both the residential and commercial portion of the development.

  • Program H-1A Continue to annually evaluate progress made and any improvements needed to meet the County’s RHNA, along with the Annual Progress Report (APR) submitted to HCD.

  • Borrower shall also pay a one percent (1%) per annum fee, payable monthly, in arrears on the amounts drawn under the Revolving Loan in excess of the Aggregate Loan Values, pursuant to Section 2.1(b).

  • The Remaining Businesses shall also pay a one percent (1 %) per annum fee, payable monthly, in arrears on the amounts drawn under the Revolving Loan in excess of the Aggregate Loan Values, pursuant to Section 2.1(b) hereof.

  • Aggregate Loan Values -- the lesser of (i) $40,000,000.00 less the aggregate face amount of all issued and outstanding Letters of Credit, or (ii) the sum of the Loan Value of Accounts plus the Loan Value of Inventory.

Related to Aggregate Loan Values

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Loan Value means for any Loan that is not Defaulted Receivable on any day (including the Cut-off Date) (A) with respect to Precomputed Loans, (i) the present value of the future Scheduled Payments discounted monthly at the applicable Implicit Rate of Return, plus (ii) any past due Scheduled Payments reflected on the Servicer’s records, plus (iii) the unamortized amounts of any purchase premiums, minus (iv) the unamortized amounts of any purchase discounts and (B) with respect to Simple Interest Loans, (i) the balance reflected on the Servicer’s records plus (ii) the unamortized amounts of any purchase premiums minus (iii) the unamortized amounts of any purchase discounts. Defaulted Receivables that are Loans shall be deemed to have a Loan Value equal to the outstanding Loan Value at the time it became a Defaulted Receivable less the amount written-off as uncollectible in accordance with the Credit and Collection Policy.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Aggregate Commitment Amount means, as of any date, the aggregate of all Commitment Amounts as of such date. On the Effective Date, the Aggregate Commitment Amount is $125,000,000.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Aggregate Revolving Credit Outstandings shall have the meaning provided in Section 5.2(b).

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date:

  • Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.

  • Revolving Credit Aggregate Commitment means Eighty Million Dollars ($80,000,000.00), subject to increases pursuant to Section 2.12 hereof up to the Revolving Credit Optional Increase Amount, and subject to reduction or termination under Section 2.11 or 9.2 hereof.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • 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.

  • Available Aggregate Commitment means, at any time, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Maximum Revolving Credit Amount means $85,000,000.00.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Aggregate Outstandings means, at a particular time, the sum of (a) the Aggregate Letters of Credit Outstandings at such time and (b) the aggregate outstanding principal amount of all Revolving Credit Loans at such time.