Capital Limit definition

Capital Limit means, at any time, an amount equal to the sum of (a) the product of the Maximum Advance Rate and the Net Eligible Loan Balance and (b) all Collections on the Eligible Loans then on deposit in the Collection Account (net of any accrued but unpaid Interest and Facility Fees).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Capital Limit. At any time, the product of (i) the ADCB and (ii) the lesser of (a) 88% and (b) 100% - (three and a half (3 1/2) multiplied by the Net Loss to Liquidation Ratio).

Capital Limit means, at any time, an amount equal to: ANEB + CA where: ANEB = the Adjusted Net Eligible Receivables Balance at such time; and CA = the amount of Collections on deposit in the Collection Account at such time to be applied in accordance with Section 2.05 on the next Remittance Date.

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.
Standard Fee Schedule: Projects greater than Minor Capital Limit to up to $50,000,000.
For projects greater than the Minor Capital Limit and up to $50,000,000, Plan Check Review fees shall be in accordance with the Plan Review Fee Schedule.
Each Receivable included as an Eligible Receivable in any calculation of the Capital Limit or the Eligible Receivables Balance is an Eligible Receivable.

More Definitions of Capital Limit

Capital Limit means, at any time, an amount equal to: NERB + CA where: NERB = the Net Eligible Receivables Balance at such time; and CA = the amount of Collections on deposit in the Collection Account at such time to be applied in accordance with Section 2.05 on the next Remittance Date minus the portion of such Collections which are required to be set aside for the payment of accrued Yield pursuant to Section 2.05(a) hereof.

Capital Limit means the overall maximum net inflow/outflow from investing activities incurred by the Borrower as set by the Lender for any relevant financial year

Capital Limit means, at any time, an amount equal ro the quotient of (a) the sum of (i) the Purchased Receivables Balance at such time, plus (ii) the aggregate amount at the time on deposit in the Spread Account, plus (iii) the amount of Collections on deposit in the Agent's Account to be applied in accordance with Section 20 on the next Settlement Date divided by (b) 100% plus the Minimum overcollateralization Percentage at such time.

Capital Limit means, on any day, (A) the Discounted Eligible Receivables Balance on such day minus (B) the Aggregate Reserves on such day.

Capital Limit means, at any time, an amount equal to the remainder of (a) the Eligible Receivables Balance at such time, minus (b) the Aggregate Reserves at such time.

Capital Limit means, at any time, an amount equal to: where: E▇▇ = the Eligible Receivables Balance at such time; MOCA = the Minimum Overcollateralization Amount at such time; and CA = the amount of Collections on deposit in the Collection Account at such time to be applied in accordance with Section 2.05 on the next Remittance Date, minus the portion of such Collections which are required for the payment of accrued Yield and Fees.

Capital Limit means the amount prescribed for the purposes of section 130(1) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992(g) as it applies to income support;