Maximum Borrowing Amount definition

Maximum Borrowing Amount means, at any time, the lesser of (i) the aggregate Revolving Commitments at such time and (ii) the Borrowing Base at such time (as determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 6.01(j).

Maximum Borrowing Amount means, at any time, an amount equal to the lesser of (1) the Maximum Revolving Loan Amount minus all Reserves that could require a cash expenditure by Lender and (2) the Advance Formula .

Maximum Borrowing Amount means the lesser of (A) the Aggregate Revolving Credit Commitments minus the Line Reserves, if any and (B) the Borrowing Base.

Examples of Maximum Borrowing Amount in a sentence

• Borrowers may not at any time allow the Revolving Exposure to exceed the Maximum Borrowing Amount (and if it does for any reason Borrowers must immediately and without demand pay the excess to Lender).

• After giving effect to the requested Advance or Loan, the aggregate Revolving Exposure does not exceed the Maximum Borrowing Amount.

• Subject to the terms and conditions in this Agreement, Lender will make Revolving Loans to Borrowers in aggregate amounts outstanding at any time before the Maturity Date equal to the Maximum Borrowing Amount.

• Maintain, at all times, Undrawn Availability (for the Loan Parties on a consolidated basis) of not less than the product of (i) ten percent (10.0%) multiplied by (ii) the Maximum Borrowing Amount, in each case.

More Definitions of Maximum Borrowing Amount

Maximum Borrowing Amount means, with respect to a Funding Date, an amount equal to the product of (a) the related Funding Date Advance Rate and (b) the aggregate Loan Balance of all related Funding Date Timeshare Loans.

Maximum Borrowing Amount means, at any time, the lesser of (a) the Aggregate Commitments at such time and (b) the Borrowing Base at such time.

Maximum Borrowing Amount at any time of determination, the lesser of (1) the Borrowing Base and (2) the aggregate Commitments hereunder, at such time.

Maximum Borrowing Amount means an amount equal to $205,000,000, as such amount may be reduced pursuant to Section 2.02(f) or increased up to an amount not to exceed the Aggregate Commitments with the written consent of the Required Lenders.

Maximum Borrowing Amount means, at any time, an amount equal to the lesser of (i) the Aggregate Revolving Commitment minus all Reserves then in effect (without duplication of Reserves used in calculating the Aggregate Borrowing Base (to the extent such Reserves are applicable to the calculation in this clause (i)), or (ii) the Aggregate Borrowing Base.

Maximum Borrowing Amount means (a) between the Ninth Amendment Date and January 1, 2006, $68,000,000 for Loans (excluding Letters of Credit and Bankers’ Acceptances) and $7,000,000 for Letters of Credit and Bankers’ Acceptances.

Maximum Borrowing Amount means, as of the Eleventh Amendment Effective Date, an amount equal to $195,000,000 and, as of December 1, 2018, an amount equal to $135,000,000, in each case, as such amount may be reduced pursuant to Section 2.05 or increased up to an amount not to exceed the Aggregate Commitments with the written consent of the Required Lenders.