Examples of Capital Limit in a sentence
Under no circumstances shall any Purchaser make the initial Purchase or any Incremental Purchase if, after giving effect to such Purchase or Incremental Purchase, the aggregate Capital outstanding hereunder would exceed the lesser of (i) the Purchase Limit or (ii) the Capital Limit.
The Seller is hereby deemed to represent and warrant that on each day prior to the Termination Date, the amount of Capital outstanding on such day shall not exceed the lesser of (x) the Purchase Limit or (y) the Capital Limit.
Under no circumstances shall the Lender make any Loan if, after giving effect to the Borrowing of such Loan, either (a) an Early Amortization Event or an event that but for notice or lapse of time or both would constitute an Early Amortization Event has occurred and is continuing or (b) the aggregate Facility Amount hereunder would exceed the lesser of (i) the Borrowing Limit minus the Discount Amount and (ii) the Capital Limit.
Under no circumstances, however, shall the Purchaser be obligated to make any Purchase if, after giving effect to the payment of the Cash Purchase Price relating to such Purchase, either (i) the aggregate Capital Payout hereunder would exceed the Purchase Limit, or (ii) the aggregate Capital outstanding would exceed the Capital Limit.
Under no circumstances shall Triple-A make any Receivables Purchase if, after giving effect to such Receivables Purchase, the aggregate outstanding Capital hereunder would exceed the least of (i) the Facility Limit, (ii) the Capital Limit, or (iii) the sum, on such Receivables Purchase Date, of (a) the net proceeds from the sale of Commercial Paper PLUS (b) the proceeds of Advances.