Maximum Available Loan Amount definition

Maximum Available Loan Amount means in respect of each Vessel, the lesser of (i) sixty five per cent (65%) of the Vessel Delivered Costs of that Vessel and (ii) seventy five million Dollars (US$75,000,000).
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Maximum Available Loan Amount means in respect of each Vessel, the lesser of:
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Maximum Available Loan Amount means, as of the date of determination thereof, an amount (rounded downward to the nearest $1,000,000) equal to 99-1/3% of the sum of (a) the aggregate unused amount, if any, of the Commitments as of such date plus (b) the aggregate outstanding principal amount of the Loans as of such date.
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Examples of Maximum Available Loan Amount in a sentence

  • The Maximum Available Loan Amount is equal to the net cash surrender value at the time of the loan less the monthly deductions remaining for the balance of the policy year, less interest on the policy debt including the requested loan to the next policy anniversary date.

  • However, the total reduced loan amount cannot exceed the Maximum Available Loan Amount.

  • Each Loan shall be capable of being drawn, up to the relevant Maximum Available Loan Amount, in one or more Drawings on the dates described in Clause 4.2(a) (Completion of Requests).

  • The aggregate principal amount of loans made under this Section 2.1 that are available at any time to be borrowed hereunder shall in no event exceed the Maximum Available Loan Amount.

  • Accrued commitment fee on that part of any Maximum Available Loan Amount which is cancelled is payable to the Facility Agent for a Lender on the date that Lender’s Commitment is cancelled in full.

  • Accrued commitment fee on that part of any Maximum Available Loan Amount which is cancelled is payable to the Lender on the date such part of such Loan(s) is cancelled in full.


More Definitions of Maximum Available Loan Amount

Maximum Available Loan Amount means, in respect of a Vessel, eighty (80) per cent. of the Market Value of that Vessel.
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Maximum Available Loan Amount means, in respect of a Vessel, sixty-three million nine hundred and twenty eight thousand dollars (US$63,928,000).
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Maximum Available Loan Amount is defined in Section 2.2.
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Maximum Available Loan Amount means as of any date an amount equal to (x) the Loan Amount minus (y) an amount equal to the principal balance of all loans outstanding to the Borrower made hereunder as of such date and minus (z) an amount equal to all principal amounts prepaid on the Note as of such date in accordance with its terms. The term "Maximum Tranche Amount" means as of any date an amount equal to (x) the Tranche Amount for such Tranche, minus (y) an amount equal to the principal balance of all loans outstanding for such Tranche made to the Borrower under this Agreement as of such date and minus (z) an amount equal to all principal amounts prepaid on the Note applicable to such Tranche in accordance with Section 4.8 as of such date.
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Maximum Available Loan Amount has the meaning set forth in Section 2.1.1 hereof. For informational purposes, the Maximum Available Loan Amount as of the Date of Closing is $500,000.00. OFAC has the meaning set forth in Section 3.21 hereof.
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Related to Maximum Available Loan Amount

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of:

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Maximum Available Minutes is the sum of all Deployment Minutes across all Queues and Topics deployed by Customer in a given Azure subscription during a billing month.

  • Maximum Availability means, as of any date of determination, the difference of (i) the Facility Amount minus (ii) the balance of all unfunded Advances approved but not yet funded minus (iii) the Aggregate Unfunded Amount plus (iv) all amounts on deposit in the Unfunded Exposure Account, each as of such date of determination.

  • Total loan amount means the principal of the loan minus those

  • Maximum Revolving Advance Amount means $25,000,000.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • 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)).

  • Maximum Credit means, at any time, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time.

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Available Commitment means a Lender’s Commitment minus:

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.