Maximum Aggregate Commitment means, as of any day, the maximum Aggregate Outstanding Purchase Price that is allowed to be outstanding under this Agreement on such day, being the amount set forth in Schedule BC in effect for that day.
Maximum Aggregate Commitment means the maximum amount of principal that the Companies may have borrowed and outstanding under this Agreement on any day, being the amount set forth in Schedule MAC in effect for that day. The Maximum Aggregate Commitment on the Effective Date is Five Hundred Million Dollars ($500,000,000), the amount shown on Schedule MAC attached to this Agreement. If and when some or all of the Lenders then party to this Agreement agree in writing to increase their Committed Sums — or if a new Lender or Lenders joins the syndicate of Lenders, or if there is both such an increase or a new Lender’s joinder — so that the Aggregate Committed Sum exceeds the Maximum Aggregate Commitment then in effect, the Agent shall execute an updated Schedule MAC reflecting the new Maximum Aggregate Commitment (as an amount equal to the new Aggregate Committed Sum) and deliver it to the Companies and the Lenders, and that updated Schedule MAC shall thereupon be substituted for and supersede the prior Schedule MAC.
Maximum Aggregate Commitment means $25,000,000, or at any time such other amount as has been approved by all of the Lenders.
Examples of Maximum Aggregate Commitment in a sentence
The Buyers’ respective Committed Sums and the Maximum Aggregate Commitment are set forth on Schedule BC in effect at the relevant time, as it may have been amended or restated pursuant to this Agreement.
The fractions to be applied to determine the respective Funding Shares of the Buyers for any day are their respective Committed Sums divided by the Maximum Aggregate Commitment for that day.
Each Transaction shall be subject to the limitation that no purchase will be made if at the time of or after such purchase, the Aggregate Outstanding Purchase Price exceeds or would exceed the Maximum Aggregate Commitment.
If the Maximum Aggregate Commitment shall be increased or decreased from time to time either pursuant to a provision of this Agreement or by separate agreement between the Buyers and the Seller (excluding, however, any change occurring as a result of or following the occurrence of a Default or an Event of Default, in respect of which no adjustment of the Facility Fee shall be required), the amount of the Facility Fee shall be adjusted as of the date of such change.
If an increase in the Maximum Aggregate Commitment is achieved, then the Pro Rata ownership interest in the Purchased Loans of each Buyer shall, following funding by the Buyers increasing their Commitment Sums or by the new Buyers, automatically be adjusted proportionately.
More Definitions of Maximum Aggregate Commitment
Maximum Aggregate Commitment means, at any time, the greater of (i) the Commitment (as defined in the Credit Agreement) from time to time in effect and (ii) the Commitment (as defined in the Note Purchase Agreement) from time to time in effect.
Maximum Aggregate Commitment means all $300.0 million aggregate principal amount of New Second Lien PIK Toggle Notes.
Maximum Aggregate Commitment means, as of any day, the maximum Aggregate Outstanding Purchase Price that is allowed to be outstanding under this Agreement on such day, being the amount set forth in Schedule BC in effect for that day. If and when some or all of the Buyers then party to this Agreement agree in writing to increase their Committed Sums, or if a new Buyer or Buyers joins the syndicate of Buyers, or if there is both such an increase and a new Buyer’s joinder, the Administrative Agent shall execute an updated Schedule BC reflecting the new Maximum Aggregate Commitment and deliver it to the Seller and the Buyers, and that updated Schedule BC shall thereupon be substituted for and supersede the prior Schedule BC.
Maximum Aggregate Commitment means the maximum Aggregate Outstanding Purchase Price that is allowed to be outstanding under this Agreement on any day, being the amount set forth in Schedule BC in effect for that day. The Maximum Aggregate Commitment on the Effective Date is One Hundred Million Dollars ($100,000,000). If and when some or all of the Buyers then party to this Agreement agree in writing to increase their Committed Sums, or if a new Buyer or Buyers joins the syndicate of Buyers, or if there is both such an increase and a new Buyer’s joinder, or if the Seller reduces the Committed Sums pursuant to this Agreement, or if the Seller and the Buyers then party to this Agreement agree in writing to decrease the Committed Sums, the Agent shall execute an updated Schedule BC reflecting the new Maximum Aggregate Commitment and deliver it to the Seller and the Buyers, and that updated Schedule BC shall thereupon be substituted for and supersede the prior Schedule BC.
Maximum Aggregate Commitment means the maximum Aggregate Outstanding Purchase Price that is allowed to be outstanding under this Agreement on any day, being the amount set forth in Schedule BC in effect for that day, as decreased and increased pursuant to Section 2.6 and Schedule BC. If and when some or all of the Buyers then party to this Agreement agree in writing to increase their Committed Sums — or if a new Person joins this Agreement as a Buyer in accordance with Section 2.6, or if there is both such an increase and such a joinder — so that the aggregate amount of Committed Sums exceeds the Maximum Aggregate Commitment then in effect, Schedule BC shall be deemed automatically amended and restated to reflect the new Maximum Aggregate Commitment (as an amount equal to the new aggregate amount of Committed Sums) and the Agent shall deliver same to the Seller and the Buyers. “MBS” means a mortgage pass-through security, collateralized mortgage obligation, REMIC or other security that (a) is based on and backed by an underlying pool of Mortgage Loans and (b) provides for payment by its issuer to its holder of specified principal installments and/or a fixed or floating rate of interest on the unpaid balance and for all prepayments to be passed through to the holder, whether issued in certificated or book-entry form and whether or not issued, guaranteed, insured or bonded by Xxxxxx Xxx, Xxxxxx Xxx, Xxxxxxx Mac, an insurance company, a private issuer or any other investor. “MBS Custodial Agreement” is defined in Section 1.1 of the Custody Agreement. “MBS Sale Proceeds” means proceeds from the sale of Purchased Loans securitized as MBS and the resulting securities. “MERS” means Mortgage Electronic Registration Systems, Inc., a Delaware corporation, or its successors or assigns. “MERS Designated Loan” means a Purchased Loan registered to the Seller on the MERS® System. “MERS Procedures Manual” means the MERS Procedures Manual, as it may be amended from time to time. “MERS® System” means the Electronic Agent’s mortgage electronic registry system, as more particularly described in the MERS Procedures Manual.
Maximum Aggregate Commitment means, at any time, the total of the Commitments, as they may be increased from time to time pursuant to Section 2.1(b) or reduced from time to time pursuant to Section 2.1(c).
Maximum Aggregate Commitment means $50,000,000, or at any time such other amount to which the Maximum Aggregate Commitment has been increased in accordance with the terms of this Agreement.