Maximum Commitment Financing definition

Maximum Commitment Financing in Section 1 (g) of the Agreement is hereby amended by replacing the amount “$100,000,000” currently appearing therein with the amount “$150,000,000”.

Maximum Commitment Financing means $66,000,000 USD; provided, however, that upon one Business Day's written notice to BNPP PB, Inc., Customer may increase the Maximum Commitment Financing up to $85,000,000 and, provided further, that Customer may reduce the Maximum Commitment Financing by an amount up to $15,000,000 upon 1 Business Day's written notice (no more than one time per calendar month), and by any amount upon 30 calendar days' written notice to BNPP PB, Inc."

Maximum Commitment Financing in Section 1 of the Facility Agreement is hereby replaced in its entirety by the following:

Examples of Maximum Commitment Financing in a sentence

• Each Fund may, with 30 days notice, reduce the Maximum Commitment Financing (Initial Limit amount plus the increased borrowing amount in excess of the Initial Limit) to a lesser amount if drawing on the full amount would result in a violation of the applicable asset coverage requirement of Section 18 of the 1940 Act.

• Each subsequent Borrowing (not to exceed, in the aggregate with each other outstanding Borrowing, the Maximum Commitment Financing) shall be made on written notice (the “Borrow Request”), given by Customer to BNPP PB, Inc.

• Each subsequent Borrowing (not to exceed the Maximum Commitment Financing) shall be made on written notice (the “Borrow Request”), given by Customer to BNPP PB, Inc.

• For the avoidance of doubt, any cash financing in excess of the Maximum Commitment Financing shall not be subject to the commitment in Section 6.

• Subject to the terms hereof, BNPP PB shall make available cash financing under the 40 Act Financing Agreements in an amount up to the Maximum Commitment Financing.

More Definitions of Maximum Commitment Financing

Maximum Commitment Financing means $25 million USD, provided that, Customer may reduce the Maximum Commitment Financing by any amount upon thirty (30) calendar days’ prior written notice, which reduction shall take effect on such thirtieth day if such day is a Business Day, and otherwise, the Business Day immediately following, provided further that, Customer shall have the right to reduce the Maximum Commitment Financing by an amount not to exceed $5 million USD each Business Day pursuant to standing instructions provided by Customer or upon one (1) Business Day’s prior written notice to BNPP PB, Inc. In addition, Customer may, subject to BNPP PB, Inc.’s approval, increase the Maximum Commitment Financing each Business Day pursuant to standing instructions provided by Customer or upon one (1) Business Day’s prior written notice to BNPP PB, Inc., provided that the Maximum Commitment Financing shall not exceed the Financing Cap.

Maximum Commitment Financing means $170,000,000 USD; provided, however, that upon one Business Day’s written notice to BNPP PB, Inc., Customer may, subject to BNPP PB, Inc.’s approval, increase the Maximum Commitment Financing up to $225,000,000 USD by any increment of $5,000,000 USD (each such increase, an “MCF Increase”).

Maximum Commitment Financing means USD $100,000,000.

Maximum Commitment Financing means the average amount of Outstanding Debit Financing held by Customer over the twenty (20) Business Days immediately preceding the Notice Date or, if fewer, the number of Business Days elapsed since the Closing Date.

Maximum Commitment Financing means, with respect to the relevant Customer: -Fxxxxxxx & Cxxxxxxx Preferred and Income Securities Fund $434,375,000 -Fxxxxxxx & Cxxxxxxx Total Return Fund $104,800,000 provided, however, that Customer may, subject to BNPPSC’s approval, increase the Maximum Commitment Financing upon one Business Day’s prior written notice to BNPPSC, provided further that the Maximum Commitment Financing shall never exceed the Cap (as defined below).

Maximum Commitment Financing means USD $259,000,000; provided, however, that Customer may reduce the Maximum Commitment Financing (i) no more than once during any calendar month by an amount no greater than 20% of the Financing Cap, upon one (1) Business Day’s prior written notice to BNPP PB, and (ii) by any amount, upon thirty (30) calendar days prior written notice to BNPP PB. In addition, Customer may, subject to BNPP PB’s approval, subsequently increase the Maximum Commitment Financing upon one (1) Business Day’s prior written notice to BNPP PB, provided that the Maximum Commitment Financing shall not exceed USD $325,000,000 (the “Financing Cap”).

Maximum Commitment Financing means USD $200,000,000.