Loan Cap means, at any time of determination, the lesser of (a) the Aggregate Commitments or (b) the Borrowing Base.
Loan Cap means, at any time of determination, the lesser of (a) the Aggregate Commitments at such time, or (b) the Borrowing Base at such time.
Loan Cap means, at any time of determination, the lesser of (a) the Borrowing Base and (b) the Revolving Credit Amount.
Examples of Loan Cap in a sentence
Such request shall be made in writing by Swing Line Lender to Agent no less frequently than once each week (or more frequently at Swing Line Lender’s discretion) in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Loan Cap and the conditions set forth in Section 4.02.
More Definitions of Loan Cap
Loan Cap means, at any time of determination, an amount equal to the lesser of (a) the Aggregate Commitments under the Revolving Credit Facility at such time and (b) the Borrowing Base at such time.
Loan Cap means, at any time of determination, the lesser of (a) the Commitment or (b) the Borrowing Base.
Loan Cap means as of any date of determination, “Loan Cap” (as such term is defined in the ABL Loan Agreement as in effect on the date hereof).
Loan Cap means, at any time of determination, the lesser of (a) the Aggregate Commitments or (b) the Borrowing Base as determined based on the most recently delivered Borrowing Base Certificate, subject to any adjustments by Agent in its Permitted Discretion in accordance with the terms of this Agreement.
Loan Cap means, as of any date of determination, the lesser of (a) the Maximum Credit, and (b) the Borrowing Base as of such date of determination.
Loan Cap means, on any date of determination, an amount equal to the lesser of (a) the Maximum Revolver Amount and (b) the Combined Borrowing Base.
Loan Cap means, at any time of determination, the lesser of (a) the Domestic Commitments or (b) the Domestic Borrowing Base.