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

• On the terms and subject to the conditions set forth herein, each Lender severally agrees to make loans to Borrowers from time to time as set forth herein (each a “Revolving Loan”, and collectively, “Revolving Loans”) equal to such Lender’s Revolving Loan Commitment Percentage of Revolving Loans requested by Borrowers hereunder, provided, however, that after giving effect thereto, the Revolving Loan Outstandings shall not exceed the Revolving Loan Limit.

• The aggregate unpaid principal balance of the Revolving Loans shall not at any time exceed the lesser of the (i) Revolving Loan Limit minus the Letter of Credit Obligations and (ii) the Maximum Revolving Loan Limit minus the Letter of Credit Obligations.

• For purposes only of applying the Inventory Loan Limit, Agent may treat the then undrawn amounts of outstanding Letters of Credit for the purpose of purchasing Eligible Inventory as Revolving Loans to the extent Agent is in effect basing the issuance of the Letter of Credit on the Value of the Eligible Inventory being purchased with such Letter of Credit.

• In the event that, at any time, the Actual Buydown Balance is greater than an amount equal to the Buydown Limit, the Company shall, upon the request of the Purchaser, repurchase at the Repurchase Price within (10) Business Days of such request any Buydown Mortgage Loan(s) in such Loan Package; provided, however, that the Actual Buydown Balance immediately after such repurchase shall be no greater than the Buydown Loan Limit.

• The value of a dwelling may not exceed the Area Loan Limit for the area in which the applicant is requesting financing.

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 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, 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 shall have the meaning specified in paragraph 1 of Exhibit A.

Loan Limit means the maximum amount permitted to be outstanding at one time on loans made by a member to a corporation.

Loan Limit has the meaning specified therefor in Section 2.4(c)(i).