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 (i) the Aggregate Commitment minus all Reserves then in effect, or (ii) the Aggregate Borrowing Base.

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

• Except for Protective Advances and Overadvance Loans permitted under Section 2.03, if on any date (after giving effect to any other payments on such date) the Aggregate Credit Facility Exposure exceeds the Maximum Borrowing Amount, then, in the case of each of the foregoing, the Borrower shall, before noon on the second Business Day following such date, prepay the principal amount of Loans and, after Loans have been paid in full, Unpaid Drawings, in an aggregate amount at least equal to such excess.

• Each such reduction in the Local Currency Facility Maximum Borrowing Amount under a Local Currency Addendum shall in turn reduce the respective Local Currency Lender Maximum Borrowing Amounts of each Local Currency Lender party to such Local Currency Addendum, pro rata on the basis of the respective Local Currency Lender Maximum Borrowing Amounts of such Local Currency Lenders immediately prior to such reduction.

• After giving effect to any such reduction in Local Currency Lender Maximum Borrowing Amounts, the Local Currency Facility Maximum Borrowing Amount with respect to each Local Currency Addendum shall in turn be reduced to an amount equal to the aggregate of the Local Currency Lender Maximum Borrowing Amounts of all Lenders party to such Local Currency Addendum.

• Such Account Balances will be valued (1) as of the day on which such request is received by the Retirement Committee or its designee, if such request is received before the Close of Business on a Business Day, or (2) as of the next Business Day, if such request is received by the Retirement Committee or its designee on a day other than a Business Day or after the Close of Business on a Business Day.

• After giving effect to any such reduction in Local Currency Lender Maximum Borrowing Amounts, the Local Currency Facility Maximum Borrowing Amount with respect to each Local Currency Facility shall in turn be reduced to an amount equal to the aggregate of the Local Currency Lender Maximum Borrowing Amounts of all Local Currency Lenders party to such Local Currency Facility.

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 $93,789,000, as such amount may be subsequently reduced from time to time 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.

Maximum Borrowing Amount means between the Twelfth Amendment Date and September 15, 2006, $63,000,000 for Loans (excluding Letters of Credit and Bankers’ Acceptances) and $7,000,000 for Letters of Credit and Bankers’ Acceptances.

Maximum Borrowing Amount means (i) as of the Twelfth Amendment Effective Date, an amount equal to $203,240,000; and (ii) as of March 31, 2019, an amount equal to $58,240,000, in each case, as such amount may be subsequently reduced from time to time 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.

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