Borrowing Limitation definition

Borrowing Limitation definition appearing in Section 10.1 shall be changed in its entirety to read as follows:

Borrowing Limitation means an amount equal to the lesser of (A) Fifteen Million Dollars ($15,000,000); or (B) the Borrowing Base.

Borrowing Limitation means, (a) from and after the Fifth Amendment Effective Date and until the date that the next Semi-Annual Redetermination that is scheduled to occur pursuant to S ection 2.2(b)(ii) on or about November 1, 2020 becomes effective pursuant to the terms of this Agreement (and any Credit Document related thereto), $50,000,000, and

Examples of Borrowing Limitation in a sentence

• Using Inter-fund Lending template, perform Eligibility Test and Borrowing Limitation Calculation a.

• On the date of delivery of any applicable Borrowing Base Certificate pursuant to subsection 6.1(xviii), Borrower shall from time to time prepay the Loans (and shall cause any applicable Foreign Loan Party to prepay such Foreign Loan Party’s Intercompany Loans) to the extent necessary so that no Borrowing Limitation is then exceeded.

• Anything contained in this Agreement to the contrary notwithstanding, the Revolving Loans and the Revolving Loan Commitments shall be subject to the limitations that, (a) after giving effect to any requested Revolving Loan, no Borrowing Limitation shall be exceeded, and (b) the aggregate amount of all Revolving Loans that are Foreign Currency Loans shall not exceed the Dollar Equivalent of $25,000,000.

• Notwithstanding the foregoing, the Company agrees with the Lenders and the Agent and the Lenders that the Borrowing Limitation shall not affect its obligation to pay Revolving Credit Commitment Fees pursuant to Section 4.01(a) of the Credit Agreement.

• You may only register and use one account, unless you are registering an account for your child as a parent or guardian (in which case you agree to maintain full authority and control over your child’s account).

• Notwithstanding anything contained herein to the contrary, the Dollar Equivalent of the aggregate amount of Advances outstanding to Borrower under the Lines of Credit, shall not at any time exceed the amount of the Override Borrowing Limitation.

• In respect of the foregoing, the Unused Loan Fee shall continue to be charged based on the Lenders' Revolving Loan Commitments, notwithstanding the implementation of the Borrowing Limitation.

• With the increase in the appraised value, the Partnership was able to draw down the full amount of the credit facility without exceeding the Borrowing Limitation.

• As to the Line of Credit Note in the principal amount of 5750,000.00, the following provisions shall apply: Borrowing Limitation.

• The Borrowers have requested that the Administrative Agent and the Required Lenders waive the Borrowing Limitation Requirement for the calendar year ending December 31, 2008.

More Definitions of Borrowing Limitation

Borrowing Limitation means an amount equal to the lesser of (A) the Borrowing Base; or (B) $9,668,000, reducing, however, to (i) $9,318,000, on May 20, 2002, (ii) $9,068,000, on July 1, 2002, and (iii) subsequent to July 1, 2002, to $9,068,000 minus the sum of $250,000 per month, effective on the first day of each succeeding calendar month; e.g., said amount shall reduce to $8,818,000 effective on August 1, 2002; the foregoing to be accompanied by mandatory reductions in the Revolving Loans then outstanding of not less than $350,000, to be made on May 20, 2002, and not less than $250,000 per month, to be made beginning on the first day of July, 2002, and continuing on the first day of each succeeding calendar month thereafter; and reducing to zero (0) on the Expiry Date.

Borrowing Limitation means an amount equal to the lesser of (A) the Borrowing Base; or (B) $9,668,000, reducing, however, to $9,318,000, on the Amendment Date; $9,218,000, on June 20, 2002, and $9,118,000, on July 20, 2002, in conjunction with mandatory reductions in the Revolving Loans outstanding of not less than $350,000, $100,000, and $100,000 being required to be made, respectively, on each of the aforesaid dates, and reducing to zero (0) on the Expiry Date.

Borrowing Limitation means, (a) from and after the Fifth Amendment Effective Date and until the date that the next Semi-Annual Redetermination that is scheduled to occur pursuant to Section 2.2(b)(ii) on or about November 1, 2020 becomes effective pursuant to the terms of this Agreement (and any Credit Document related thereto), $50,000,000, and (b) at any time after such Semi-Annual Redetermination described in clause (a) is effective, $0.