Maximum Aggregate Loan Amount definition

Maximum Aggregate Loan Amount has the meaning given to such term in Section 3.2(c).

Maximum Aggregate Loan Amount means the maximum aggregate principal balance of the Loan outstanding at any time during the term of this Agreement, which amount shall not exceed the lesser of (i) the Commitment or (ii) the Availability Amount as determined by PHCC.

Maximum Aggregate Loan Amount means Thirty Million Dollars ($30,000,000) as of the Eighth Amendment Effective Date, and at all times thereafter. Note shall mean that certain Second Substitute Revolving Loan Note dated as of the Eighth Amendment Effective Date in the maximum principal amount of Thirty Million Dollars ($30,000,000.00) made by the Borrowers in favor of CIBC Bank USA, as may be amended, modified or restated from time to time. Total Revolving Loan Commitment shall mean an amount equal to Thirty Million Dollars ($30,000,000) as of the Eighth Amendment Effective Date and at all times thereafter. US Revolving Loan Availability shall mean with respect to Borrowers an amount up to the lesser of the sum of the following sublimits: (i) up to eighty-five percent (85%) of the face amount (less maximum discounts, credits and allowances which may be taken by or granted to Account Debtors in connection therewith in the ordinary course of Borrowers’ business) of US Borrowers’ Eligible US Accounts (it being understood and agreed that such advance rate shall be reduced by one (1) percentage point for each whole or partial percentage point by which Dilution (as determined by Administrative Agent in good faith based on the results of the most recent twelve (12) month period for which Administrative Agent has conducted a field audit of Borrowers) exceeds five percent (5%)), plus (ii) up to fifty percent (50%) of the lower of cost or market value of US Borrowers’ Eligible US Inventory and Eligible Chassis Inventory up to a maximum aggregate amount of Twenty Million Dollars ($20,000,000), plus (iii) up to eighty percent (80%) of the lower of cost or market value of US Borrowers’ Used Equipment Purchased for Resale or Rent up to a maximum aggregate amount of Two Million Dollars ($2,000,000), plus (iv) fifty percent (50%) of Eligible Mexico Receivables, provided, however, that the amount of such Eligible Mexico Receivables shall not exceed $400,000 in the aggregate at any time, minus (v) such reserves as Administrative Agent elects, in its Permitted Discretion, determined in good faith, to establish from time to time, including, without limitation, reserves with respect to Bank Products Obligations and Hedging Obligations.

Examples of Maximum Aggregate Loan Amount in a sentence

• The principal amount of the Loan outstanding shall not exceed the Maximum Aggregate Loan Amount at any time.

• The Loan will be evidenced by a promissory note of the Borrower dated the Loan Date, maturing December 29, 2010 and otherwise in the form of Exhibit A hereto (the “Note”), payable to the Lender or its assigns, in an aggregate principal amount not to exceed the Maximum Aggregate Loan Amount.

• The Borrowers may at any time and from time to time permanently reduce the Maximum Aggregate Loan Amount by irrevocable written notice of such reduction to the Agent, and such reduction shall be effective as of the date on which the Agent receives such notice.

• The Maximum Aggregate Loan Amount will be reduced by the amount of Net Cash Proceeds received by Borrower or any Subsidiary from the sale of any of the South Pacific Assets (defined in Section 2.4 below).

• To the extent that, at any time, as a result of a fluctuation in currency exchange rates or otherwise, the aggregate amount of all Letters of Credit denominated in Canadian Dollars issued by the L/C Issuer to the Borrowers equals or exceeds an amount in US Dollars equal to 105% of the Maximum Aggregate Loan Amount as determined by Administrative Agent in its sole discretion, absent manifest error, Administrative Agent shall provide written notice of same to the Representative.

More Definitions of Maximum Aggregate Loan Amount

Maximum Aggregate Loan Amount means One Hundred Thirty-Five Million Dollars ($135,000,000.00), as such amount may be decreased in accordance with the provisions of Section 2.1.8 of this AGREEMENT or increased in accordance with the provisions of Section 2.1.9 of this AGREEMENT.

Maximum Aggregate Loan Amount. “Note”, “Total Revolving Loan Commitment” and “US Revolving Loan Availability” appearing in Section 1.1 of the Agreement are hereby amended and restated to read in their entirety as follows: EBITDA shall mean, with respect to any period, Borrowers’ (i) net income after Taxes for such period (excluding any after-tax gains or losses on the sale of assets (other than the sale of Inventory in the ordinary course of business) and excluding other after-tax extraordinary gains or losses), plus (ii) tax refunds paid to Borrowers with respect to any Fiscal Year before and including Fiscal Year 2015, plus (iii) Interest Expense (whether paid or accrued), plus (iv) income tax expense (whether paid or accrued), plus (v) depreciation and plus (vi) amortization (including amortization of goodwill, debt issuance costs and amortization and any non-cash impairment of intangibles) for such period, plus (vii) upon approval by Administrative Agent, any fees, expenses or other costs incurred in connection with the sale of any Subsidiary, plus or minus (viii) any other non-cash charges or gains which have been subtracted or added in calculating net income after Taxes for such period, less (ix) management fees that are charged but unpaid by non-Borrower Subsidiaries not to exceed $500,000 per Fiscal Year.

Maximum Aggregate Loan Amount means $100,000,000, subject to increase in accordance with Article III hereof.

Maximum Aggregate Loan Amount. As such term is defined in Section 4.1(a). ----------------------------- Mortgage: The Mortgage, Assignment Rents, Security Agreement and Fixture -------- Filing, executed by Borrower for the benefit of Lender securing this Agreement, the Note, and all obligations of Borrower in connection with the Loan, granting a first priority lien on Borrower's fee interest in the Project, subject only to the Permitted Exceptions.

Maximum Aggregate Loan Amount means, at any time, $80,000,000 minus the amount, if any, of the then outstanding Letter of Credit Liability.

Maximum Aggregate Loan Amount means Eighty-Five Million Dollars ($85,000,000.00).

Maximum Aggregate Loan Amount means $8,568,000.00.