Maximum Available Credit definition

Maximum Available Credit means the maximum amount of Loans which may be outstanding under this Agreement as determined in accordance with Section 2.2.12 hereof.

Maximum Available Credit means the sum of (i) the 1993 Maximum Available Credit, plus (ii) the 1994 Maximum Available Credit.

Maximum Available Credit means $3,000,000.

Examples of Maximum Available Credit in a sentence

• The Maximum Drawing Amount and Maximum Available Credit Amount applicable to a given Letter of Credit shall be subject to modification as specified in such Letter of Credit and drawings under each Letter of Credit shall be subject to the other terms and conditions set forth in such Letter of Credit.

• Borrowers may from time to time, at their option, permanently reduce the Maximum Available Credit on 5 Business Days' prior written notice to Lender.

• The Company agrees, without notice or demand, to repay within three (3) business days any principal balance of the Line in excess of the Maximum Available Credit.

• Subject to the terms and conditions hereof, commencing on the date hereof and expiring on the Termination Date, IMSI hereby agrees, from time to time during the Term, to extend one or more Advances, the aggregate of which at any time shall not exceed the Maximum Available Credit.

• On the date hereof, the Company shall execute and deliver a Note payable to IMSI in the original principal amount of the Maximum Available Credit.

More Definitions of Maximum Available Credit

Maximum Available Credit means $39,342,857 as such amount may be reduced pursuant to Section 3.4 hereof.

Maximum Available Credit as at any date of determination, the remainder of (a) the lesser of (i) the sum of the Borrowing Base and the Permitted Overadvance Amount or (ii) the aggregate amount of the Commitments as reduced from time to time in accordance with this Agreement minus (b) if the Borrower rejects or moves to reject any lease of real property on which Inventory is, at any time located, unless the Lenders have received a Collateral Access Agreement in form and substance satisfactory to the Lenders with respect to such property, an amount equal to the sum of (i) the maximum amount of the claim asserted or that could be asserted by the applicable lessor in the Chapter 11 Case as a result of such rejection and (ii) all accrued and unpaid obligations owed by the Borrower to such lessor, including without limitation all obligations owed with respect to any period prior to the Petition Date.

Maximum Available Credit means (i) prior to the first anniversary of the Closing Date, the Commitment Amount and (ii) on and after the first anniversary of the Closing Date, sixty five percent (65%) of the Gross Asset Value of Collateral, determined as of the end of the Last Reported Calendar Quarter.

Maximum Available Credit means One Million Two Hundred and Fifty Thousand ($1,250,000) Dollars of principal outstanding at any time. Capitalized interest shall not be considered as principal for purposes of determining the Maximum Available Credit.

Maximum Available Credit means, as of the date of this Agreement, the sum of $22,847,762.50, and hereafter shall mean the maximum amount available to be drawn by the Trustee under the Letter of Credit for principal and interest due on account of the Floating Rate Notes upon (i) mandatory or optional redemption of the Floating Rate Notes, (ii) mandatory or optional tender of the Floating Rate Notes, or (iii) on account of acceleration of the Floating Rate Notes following the occurrence of an Event of Default.

Maximum Available Credit means, with respect to the Line, Twenty Million ($20,000,000) Dollars of which not more than Five Million ($5,000,000) Dollars shall at any time be outstanding constituting B Advances.

Maximum Available Credit means three million dollars ($3,000,000) of principal outstanding at any time.