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 Credit means the amount of $25,000,000.
Maximum Credit set forth in Section 1 of the Loan Agreement is hereby amended and restated to read as follows:
Examples of Maximum Credit in a sentence
Each reduction of the Aggregate Maximum Credit Amounts shall be made ratably among the Lenders in accordance with each Lender’s Applicable Percentage.
Any termination or reduction of the Aggregate Maximum Credit Amounts shall be permanent and may not be reinstated.
If at any time the Aggregate Maximum Credit Amounts or the Borrowing Base is terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.
In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Credit Amounts.
The Maximum Credit Amount may be amended only with the approval of the State Budget Director.
More Definitions of Maximum Credit
Maximum Credit means the percentage listed below of the
Maximum Credit means the amount of $110,000,000.
Maximum Credit means $100,000,000.
Maximum Credit means $75,000,000.
Maximum Credit means the amount of $20,000,000.
Maximum Credit means the amount of $12,000,000.
Maximum Credit means the amount of $150,000,000.