Guaranty Limit Amount definition

Guaranty Limit Amount means, at any time, the lesser of (i) the difference between (A) forty million Dollars ($40,000,000) and (B) the aggregate amount of all Guarantor Payments actually made as of such time and (ii) the aggregate unpaid amount of the Guaranteed Obligations at such time.
Sample 1
Guaranty Limit Amount as of any date of determination thereof, the sum, as of such date after giving effect to any adjustments thereto pursuant to this Agreement and the Guaranty, of (i) the Rollover Reserve Offset Amount plus (ii) the Required Repairs Reserve Offset Amount, plus (iii) the Tax and Insurance Reserve Offset Amount, plus (iv) the Capital Reserve Offset Amount. The Guaranty Limit Amount as of the date hereof is $16,767,547. Harvard Fund I: individually or collectively, Behringer Harvard Short-Term Opportunity Funds I, L.P., a Texas limited partnership and/or Behringer Harvard Mid-Term Value Enhancement Fund I, L.P. a Texas limited partnership and/or Behringer Harvard Strategic Opportunity Fund LLP, a Texas limited partnership and/or any other fund for which Behringer Harvard Holdings, LLC, or an Affiliate of it under its Control, serves as general partner, manager or advisor. Harvard REIT: individually or collectively, the Behringer Harvard Operating Partnership I LP, a Texas limited partnership (the “Harvard REIT Operating Partnership”) and/or Behringer Harvard REIT I, Inc., a Maryland corporation (“Behringer Harvard REIT”) and/or Behringer Harvard Opportunity REIT I, Inc., a Maryland corporation (“Behringer Harvard Opportunity REIT”) and/or any other fund for which Behringer Harvard Holdings, LLC, or an Affiliate of it under its Control, serves as general partner, manager or advisor.
Sample 1
Guaranty Limit Amount as of any date of determination thereof, the sum, as of such date after giving effect to any adjustments thereto pursuant to this Agreement and the Guaranty, of (i) the Rollover Reserve Offset Amount plus (ii) the Capital Reserve Offset Amount.
Sample 1

Examples of Guaranty Limit Amount in a sentence

  • In addition to and without limiting the foregoing, Guarantor hereby agrees to pay to Lender, upon Lender’s demand following the occurrence and during the continuance of an Event of Default, an amount equal to the Guaranty Limit Amount as of the date of payment thereof, such Guaranty Limit Amount to be paid from separate funds of Guarantor and not from post-default cash flow from the Property.


More Definitions of Guaranty Limit Amount

Guaranty Limit Amount means, as of any date of determination, the sum, as of such date after giving effect to any adjustments thereto made pursuant to the Loan Agreement, of (i) the Rollover Reserve Offset Amount, plus (ii) the Required Repairs Reserve Offset Amount, plus (iii) the Tax and Insurance Reserve Offset Amount, plus (iv) the Capital Reserve Offset Amount. The Guaranty Limit Amount as of the date hereof is $16,767,547. Guarantor and Lender hereby acknowledge and agree that the respective amounts of the Rollover Reserve Offset Amount, the Required Repairs Reserve Offset Amount, the Tax and Insurance Reserve Offset Amount, and/or the Capital Reserve Offset Amount may be adjusted as provided in the Loan Agreement (whether increased and/or decreased, all as more specifically set forth therein) one or more times, from time to time while the Loan is outstanding, and such adjustments will result in corresponding increases and/or decreases in the Guaranty Limit Amount, all in accordance with, and subject to, the applicable terms and provisions set forth in the Loan Agreement.
Sample 1
Guaranty Limit Amount means, as of any date of determination, the sum, as of such date after giving effect to any adjustments thereto made pursuant to the Loan Agreement, of (i) the Rollover Reserve Offset Amount plus (ii) the Capital Reserve Offset Amount. Guarantor and Lender hereby acknowledge and agree that the respective amounts of the Rollover Reserve Offset Amount and/or the Capital Reserve Offset Amount may be adjusted as provided in the Loan Agreement (whether increased and/or decreased, all as more specifically set forth therein) one or more times, from time to time while the Loan is outstanding, and such adjustments will result in corresponding increases and/or decreases in the Guaranty Limit Amount, all in accordance with, and subject to, the applicable terms and provisions set forth in the Loan Agreement.
Sample 1

Related to Guaranty Limit Amount

  • Credit Amount has the meaning set forth in Section 4.01(b)(ii).

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

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

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

  • Yield Supplement Amount means, with respect to any Collection Period and the related Deposit Date, the aggregate amount by which one month’s interest on the Principal Balance as of the first day of such Collection Period of each Discount Receivable (other than a Discount Receivable that is a Defaulted Receivable) at a rate equal to the Required Rate, exceeds one month’s interest on such Principal Balance at the APR of each such Receivable.

  • 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).

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • Aggregate Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the aggregate of the Principal Remittance Amounts for each Mortgage Pool for such Distribution Date and (y) the amount, if any, by which (i) the Overcollateralization Amount for such date, calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Principal Remittance Amounts for such Distribution Date is applied on such date in reduction of the aggregate Certificate Principal Amount of the Certificates, exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • 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.

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

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Liquidity Amount means, as of any date of determination, the sum of (a) the Aggregate Borrowing Availability as of such date and (b) the Unrestricted Cash Amount as of such date.

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cutoff Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • 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.

  • 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.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.