Loan Limit definition
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)).
Loan Limit for any member means the maximum amount permitted to be outstanding at one time on loans made by such member to a corporation as determined under the provisions of this article.
Loan Limit means, for a member, the maximum amount subject to loan call at any one time by the corporation to the member as provided in the loan call agreement.
Examples of Loan Limit in a sentence
Subject to the terms and conditions set forth herein, each Lender severally, and not jointly agrees to make Loans in dollars to the Borrower during the Availability Period in an aggregate principal amount that will not result in (a) such L▇▇▇▇▇’s Revolving Credit Exposure exceeding its Commitment or (b) the total Revolving Credit Exposures exceeding the Loan Limit then in effect.
Each Borrowing Request shall constitute a representation by the Borrower that the amount of the requested Borrowing shall not cause the total Revolving Credit Exposures to exceed the Loan Limit.
More Definitions of Loan Limit
Loan Limit means, as to each Borrower, at any time, the amount equal to the Maximum Credit minus the then outstanding principal amount of the Loans and the Letter of Credit Accommodations provided to the other Borrowers.
Loan Limit means, for any member, the maximum amount permitted to be outstanding at any one time on loans made by any such member to a development corporation, as determined herein.
Loan Limit means for all Lenders the least of (i) the Aggregate Maximum Credit Amount, (ii) the Borrowing Base and (iii) the Elected Commitment Amount, and for any Lender the least of (x) its Applicable Percentage of the Aggregate Maximum Credit Amount, (y) its Applicable Percentage of the Borrowing Base and (z) its Commitment Amount.
Loan Limit means the limit of the loan principal provided by the lender to the borrower within the valid period of the limit set forth herein. Within the valid period of limit and the loan limit, the borrower may cyclically use the loan, provided that the sum of the loan amount requested by the borrower and the balance of the loan principal outstanding hereunder may not exceed the loan limit. When the valid period of limit expires, the unused loan limit shall automatically expire.
Loan Limit means the maximum amount permitted to be outstanding at one time on loans made by a member to a corporation.
Loan Limit means the lesser of (a) the Total Borrowing Base or (b) the Maximum Credit.
Loan Limit shall have the meaning specified in paragraph 1 of Exhibit A.