Line Cap means, as of any date of determination, the lesser of (a) the Maximum Revolver Amount, and (b) the Borrowing Base as of such date of determination.
Line Cap means at any time, the lesser of (i) the Aggregate Commitments and (ii) the then-applicable Borrowing Base.
Line Cap means, as of any date of determination, the lesser of the aggregate Revolving Credit Commitments and the Borrowing Base, each as then in effect.
Examples of Line Cap in a sentence
The Borrowers shall not at any time permit, and no Lender shall have any obligation to permit, the aggregate outstanding principal amounts of all Revolving Loans, Swingline Loans and the aggregate Available Amount of all Letters of Credit outstanding at such time to exceed the Line Cap or any such Revolving Loan to exceed such Lender’s Unused Revolving Credit Commitment.
More Definitions of Line Cap
Line Cap means an amount that is equal to the lesser of (a) the Aggregate Commitments and (b) the then applicable aggregate amount of the Borrowing Base.
Line Cap means, at the time of determination, the lesser of (i) the Aggregate Revolving Commitments in effect at such time and (ii) the Borrowing Base at such time.
Line Cap means equal to an amount that is the lesser of (a) the aggregate amount of all Revolver Commitments and (b) the then applicable Borrowing Base.
Line Cap means, at any time, the lesser of the Aggregate Revolving Commitment and the Revolving Borrowing Base.
Line Cap means, at any time, the lesser of (x) the Total Revolving Commitment at such time and (y) the Borrowing Base at such time.
Line Cap means, at any time of determination, the lesser of (i) the Revolving Credit Maximum Amount at such time and (ii) the Borrowing Base then in effect.
Line Cap means, at any time of determination, the lesser of (i) the Aggregate Commitments, and (ii) the Borrowing Base.