CBI Maximum Credit Line definition

CBI Maximum Credit Line means $112,100,000, as such amount may be reduced from time to time (A) pursuant to and in accordance with Section 2.3 and Section 13.12, (B) in connection with each Second Amendment Sale, as the Net Cash Proceeds of each Second Amendment Sale are used to prepay the Original Term Loans until an aggregate amount equal to $31,500,000 has been prepaid, by the amount so applied to such prepayment, (C) in connection with the CPF Sale, as CPF Sale Proceeds are used to make additional prepayments of the Original Term Loans (in excess of the $10,000,000 prepayment which was made on or about the CPF Closing Date), by the amount so applied to such prepayment, and (D) in connection with the Second Amendment Sales, as the Net Cash Proceeds of the Second Amendment Sales are used to make additional prepayments of the Original Term Loans (in excess of the $31,500,000 prepayments to be made on the Original Term Loans pursuant to clause (B) above), by the amount so applied to such prepayments.
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CBI Maximum Credit Line means One Hundred Twelve Million One Hundred Thousand Dollars ($112,100,000) as such amount may be reduced from time to time (A) pursuant to and in accordance with Section 2.3 and Section 13.12 and (B) in connection with the CPF Sale, as CPF Sale Proceeds are used to make additional prepayments (in excess of the Ten Million Dollar ($10,000,000) prepayment to be made on or about the CPF Closing Date) of the Original Term Loans, by the amount so applied to such prepayment.
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CBI Maximum Credit Line means $122,100,000 as such amount may be reduced from time to time pursuant to and in accordance with Section 2.3 and Section 13.12.
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Examples of CBI Maximum Credit Line in a sentence

  • Any and all amounts applied pursuant to the third and fourth clauses of this Section 13.12(a) shall result in a reduction of both the CBI Maximum Credit Line and the Maximum Credit Line by such amount.

  • Upon each reduction in the CBI Maximum Credit Line, each Lender’s Existing Commitment shall be reduced by its Pro Rata Share of the amount of such reduction.

  • Upon each reduction in the CBI Maximum Credit Line, each Lender's Existing Commitment shall be reduced by its Pro Rata Share of the amount of such reduction.

Related to CBI Maximum Credit Line

  • Maximum Credit means, at any time, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Maximum Revolving Credit Amount means $85,000,000.00.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • Revolving Availability means, at the time of determination, (a) the sum of all Revolving Commitments at such time less (b) the sum of (i) the principal amount of Revolving Loans and Swing Loans made and outstanding at such time and (ii) the LC Outstandings at such time.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Maximum Revolving Amount At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Maximum Swingline Amount means $5,000,000.

  • Total Revolving Credit Outstandings means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations.

  • Total Revolving Credit Exposure means, as to any Revolving Credit Lender at any time, the unused Revolving Credit Commitments and the Revolving Credit Exposure of such Revolving Credit Lender at such time.