Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).
Maximum Revolving Advance Amount means $35,000,000.
Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.
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.
Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.
Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.
Loan Advance The meaning specified in Section 2.2(a).
Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.
Borrowing Limit has the meaning set forth in Section 1.1(a)(i).
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.
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.
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)).
Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]
Revolving Advance has the meaning given in Section 2.1.
Maximum Loan Amount has the meaning set forth in Section 2.1(a).
Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).
Overadvance Loan means a Base Rate Revolving Loan made when an Overadvance exists or is caused by the funding thereof.