Facility A Maximum Amount definition
Examples of Facility A Maximum Amount in a sentence
The Facility A Maximum Amount shall be automatically and permanently reduced by the amount so cancelled and each Lender’s Commitment under Facility A shall be reduced by its Proportionate Share of the amount so cancelled.
The Facility A Maximum Amount shall be automatically and permanently reduced by the amount so cancelled and each Lender's Commitment under Facility A shall be reduced by its Proportionate Share of the amount so cancelled.
In addition, if a Repayment is required under paragraph (b) above and all Obligations under Facility B have been repaid in full, such Repayment shall be applied against the Outstanding Principal Amount under Facility A, but for greater certainty such Repayment shall not reduce the Facility A Maximum Amount and the Borrower shall thereafter be entitled to receive further Advances under Facility A upon the satisfaction of all applicable conditions precedent.
The Borrower may at any time and from time to time upon three (3) Business Days’ prior written notice to the Bank, without penalty or fee, cancel any unadvanced portion of Facility A in a minimum amount and a multiple of One Hundred Thousand Dollars ($100,000), in which event the Facility A Maximum Amount shall be reduced by the amount so cancelled.
The Borrower may from time to time upon two (2) Business Days' prior written notice to the Agent, without penalty or fee, cancel any unadvanced portion of Facility A, in which event the Facility A Maximum Amount shall be reduced by the amount so cancelled.