Inventory Loan Cap definition

Inventory Loan Cap set forth in Section 1 is amended and restated in its entirety to read as follows:
Sample 1Sample 2
Inventory Loan Cap means an amount equal to $155,000,000. Investment Property shall mean all now owned or hereafter acquired investment property (as defined in the UCC) and all proceeds thereof. Issuing Bank shall mean the bank issuing Letters of Credit for the Companies.
Sample 1
Inventory Loan Cap contained in Section 1 of the Financing Agreement. Effective as of the Effective Date, the definition of “Inventory Loan Cap” contained in Section 1 of the Financing Agreement is amended and restated to read in its entirety as follows:
Sample 1

Examples of Inventory Loan Cap in a sentence

  • Upon the Borrower not being in compliance with all of the terms and conditions of this Financing Agreement at any time during such one hundred and twenty (120) day period, the Inventory Loan Cap will thereafter revert back to $175,000,000 but will not impact the ability to increase the Inventory Loan Cap in subsequent years.


More Definitions of Inventory Loan Cap

Inventory Loan Cap means the amount of $3,500,000.”
Sample 1
Inventory Loan Cap means the amount of (a) $35,000,000 from December 31, 2003 through December 31, 2004, and (b) $30,000,000 at all other times."
Sample 1
Inventory Loan Cap means the amount of $2,000,000.00.”
Sample 1
Inventory Loan Cap means the lesser of (x) $25,000,000 and (y) sixty five percent (65%) of the Availability set forth in clause (a) in the definition of Borrowing Base. Issuing Bank shall mean the bank issuing Letters of Credit for the Company.
Sample 1
Inventory Loan Cap means the amount of $0.00.”
Sample 1

Related to Inventory Loan Cap

  • Conduit Inventory Loan shall have the meaning assigned to such term in Section 14(d).

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

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

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

  • Loan Cap means, at any time of determination, the lesser of (a) the Aggregate Commitments and (b) the Borrowing Base.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • 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.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

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

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $90,000,000, as such amount may be adjusted as permitted by this Agreement.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Letter of Credit Maximum Amount means $5,000,000; provided that, on and after the Maturity Date, the Letter of Credit Maximum Amount shall be zero.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings 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)).

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

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Aggregate Revolving Credit Outstandings shall have the meaning provided in Section 5.2(b).