Examples of Borrowing Limit in a sentence

If at any time the Principal Balance exceeds the Borrowing Limit, Borrower shall within two (2) Business Days repay to Bank an amount sufficient to eliminate such excess.
Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the Maximum Principal Borrowing Limit.
For purposes of clarification, the Maximum Principal Borrowing Limit shall reflect cash actually received by the Borrower from the Lender (minus such amounts of principal repaid by Borrower) and shall not include any interest, OID or other amounts owed by Borrower to Lender.
Subject to the terms and conditions of this Agreement, and relying upon the representations and warranties herein set forth as and when made or deemed to be made, Bank agrees to make one or more Advances (all such Advances collectively referred to as the “Revolving Loan”) to Borrower for Approved Purposes in an aggregate principal amount at any one time outstanding up to but not exceeding the Borrowing Limit.
The Principal Balance may not exceed the Borrowing Limit at any time.

More Definitions of Borrowing Limit

Borrowing Limit means the lesser of the Borrowing Base or the Committed Sum.

Borrowing Limit means, at any time, the lesser of (i) the Aggregate Commitment Amount at such time and (ii) the Borrowing Base at such time as reported in the Borrowing Base Certificate most recently delivered to the Lenders pursuant to Section 5.1(e).

Borrowing Limit means, as to any Borrower at any time, the lesser of (a) an amount equal to the Applicable Percentage of such Borrower’s Total Eligible Asset Value, provided that this subsection (a) shall not apply for purposes of Sections 2.3 and 7.22 of this Agreement, (b) an amount equal to 33-1/3% of the fair market value of such Borrower’s total assets, (c) the maximum amount permitted by such Borrower’s Prospectus, agreements with government officials and applicable law, and (d) $200,000,000.

Borrowing Limit means, as to any Borrower at any time, the lesser of (a) an amount equal to 20% (or 25% in the case of Multi-Strat but only during the period commencing January 5, 2006 and ending January 17, 2006) of such Borrower’s Total Eligible Asset Value, provided that this subsection (a) shall not apply for purposes of Sections 2.3 and 7.22 of this Agreement, (b) an amount equal to 33-1/3% of the fair market value of such Borrower’s total assets, (c) the maximum amount permitted by such Borrower’s Prospectus, agreements with government officials and applicable law, (d) $150,000,000 in the case of each of the Equity Opportunity Fund, the Event & Equity Fund, Technology Partners, the UBS M2 Fund and Multi-Strat, and (e) $75,000,000 in the case of each Borrower other than the Borrowers named in the foregoing subsection (d).

Borrowing Limit means, as to any Borrower at any time, an amount equal to ten percent (10%) of such Borrower’s Total Eligible Asset Value.

Borrowing Limit means an amount which shall not exceed the lesser of (a) Twenty-Two Million Dollars ($22,000,000) or (b) the aggregate Dollar Equivalent of (i) eighty-five percent (85%) of Total Eligible Toys R Us Receivables outstanding from time to time, plus (ii) eighty-five percent (85%) of Total Eligible Target Receivables outstanding from time to time, plus (iii) eighty percent (80%) of Eligible Domestic Receivables outstanding from time to time, plus (iv) sixty percent (60%) of the value of Eligible Domestic Inventory, plus (v) fifty percent (50%) of the value of Eligible Foreign Inventory, plus (vi) fifty-five percent (55%) of the value of Intransit Inventory, plus (vii) sixty percent (60%) of Eligible Foreign Receivables outstanding from time to time; provided, however, the amount available for advances against Eligible Domestic Inventory, Intransit Inventory, and Eligible Foreign Inventory shall not exceed Nine Million Dollars ($9,000,000), less (iii) one hundred percent (100%) of the undrawn amount of outstanding Letters of Credit.”

Borrowing Limit means $100,000,000.