Examples of Aggregate Maximum Loan Amount in a sentence
Each ABR Borrowing shall be in an aggregate amount equal to $10,000,000 or a larger multiple of $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the Aggregate Maximum Loan Amount or that is requested to finance the reimbursement of an LC Disbursement as contemplated by Section 2.03(a).
Except as provided herein, each Loan shall be made as part of a Borrowing consisting of Loans of the same Type made by the Lenders ratably in accordance with their respective Applicable Percentage of the Aggregate Maximum Loan Amount.
Subject to the proviso in the immediately preceding sentence, any termination or reduction of the Commitments or the Aggregate Maximum Loan Amount shall be permanent.
Any such reduction in the Aggregate Maximum Loan Amount below the principal amount of the LC Commitment shall result in a dollar-for-dollar reduction in the LC Commitment and no such reduction shall be permitted that would reduce the Aggregate Maximum Loan Amount below the aggregate LC Exposure of all Lenders.
Effective on the Amendment Effective Date, (a) the Borrowing Base is increased to $100,000,000.00, and (b) the Aggregate Maximum Loan Amount is increased to $500,000,000.00.