Line Cap definition

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

• With respect to any Credit Extension, after giving effect to such Credit Extension, the total Revolving Credit Exposure of the Lenders shall not exceed the Line Cap in effect as of the date of such Credit Extension.

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 any time of determination, the lesser of (a) the Total Commitments or (b) the Combined 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 given time, the lesser of the Maximum Credit and the Borrowing Base then in effect.

Line Cap means, at any time of determination, the lesser of (a) the Total Revolving Credit Commitment and (b) the Borrowing Base;

Line Cap at any time shall mean the lesser of (i) the Total Borrowing Base at such time and (ii) the Total Revolving Commitment 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.