Maximum Acquisition Loan Amount definition
Examples of Maximum Acquisition Loan Amount in a sentence
The Borrower shall immediately pay to the Bank any amount by which the Acquisition Loan exceeds the Maximum Acquisition Loan Amount.
The Bank may, in its discretion, make, or permit to remain outstanding, Advances to the Borrower in excess of the Maximum Acquisition Loan Amount and all such amounts shall be part of the Acquisition Loan and Indebtedness, shall bear interest as provided in the Acquisition Note, shall be payable ON DEMAND and shall be entitled to all rights and security provided for herein, in the Security Agreement and all other Loan Documents.
The outstanding principal balance of the Acquisition Loan may increase and decrease from time to time, and Acquisition Advances thereunder may be repaid and reborrowed, but the total of Acquisition Advances outstanding at any one time under the Acquisition Loan shall never exceed the Maximum Acquisition Loan Amount.
The aggregate amount of all Acquisition Loan Advances made by the Acquisition Lenders hereunder shall not in any event exceed the Maximum Acquisition Loan Amount.
If at any time the outstanding balances of the Acquisition Loans exceed the Maximum Acquisition Loan Amount, the Borrower shall immediately repay the aggregate outstanding Acquisition Loan Advances to the extent necessary to eliminate such excess.
Any proposed Advance under the Acquisition Loan shall not cause the principal balance of all Advances made under the Acquisition Loan to exceed the Maximum Acquisition Loan Amount.
The aggregate Acquisition Advances incurred during the term of this Agreement shall not exceed the Maximum Acquisition Loan Amount.
For the purposes of this Section 2A.7(b), the Maximum Acquisition Loan Amount shall be reduced by any Advances made under the Acquisition Loan which are prepaid prior to their maturity.