Maximum Credit Facility definition

Maximum Credit Facility means $3,000,000.

Maximum Credit Facility means $1,000,000.00.

Maximum Credit Facility means $5,000,000.

Examples of Maximum Credit Facility in a sentence

• THE MAXIMUM GUARANTEE AGREEMENT On 28 April 2021, Shenzhen Credit, as a guarantor, entered into the Maximum Guarantee Agreement in favour of the Bank, pursuant to which Shenzhen Credit shall guarantee the repayment obligations of the Borrower under the Maximum Credit Facility Agreement.

• The scope of the Guarantee includes the principal and any interests payable to the Bank by the Borrower under the Maximum Credit Facility Agreement, handling fees, damages, compensation and any other related fees and expenses which may be payable by the Borrower under the Maximum Credit Facility Agreement.

• The period of the Guarantee shall be 2 years from the expiry of the performance obligations of the Borrower under the Maximum Credit Facility Agreement.

• In consideration of the provision of service from the Bank and Shenzhen Credit under the Maximum Credit Facility Agreement and the Entrusted Guarantee Agreement, respectively, the Borrower will be paying the Bank an agreed annual handling fee and Shenzhen Credit an agreed annual guarantee fee and deposit, respectively, which will be determined after arm’s length negotiations between the parties, after taking into account the prevailing market rates and practices.

More Definitions of Maximum Credit Facility

Maximum Credit Facility means, during the three month period commencing on November 1 and ending on January 31 of each year, $17,500,000 and at all other times, $15,000,000”

Maximum Credit Facility means $13,000,000.

Maximum Credit Facility means $5,000,000

Maximum Credit Facility as referred to in Section 34 means: Eight Million Five Hundred Thousand ($8,500,000.00) dollars effective as of the date of the Amendment and through September 30, 2006, at which time the Maximum Credit Facility shall reduce to Eight Million ($8,000,000.00) through April 7, 2007. A Increase Fee in the amount of $10,000 shall be due and payable upon the effective date of this Amendment.

Maximum Credit Facility as referred to in Section 34 means the lesser of: (a) Nine Million Nine Hundred Fifty Thousand Dollars ($9,950,000.00), or (b) (i) for the period through March 31, 2007, six (6) times the Borrower’s Tangible Net Worth, and (ii) commencing on April 1, 2007 and thereafter, four (4) times the Borrower’s Tangible Net Worth. For the purposes of this Agreement, “Tangible Net Worth” shall mean shareholders equity plus subordinated debt less accounts receivable due from affiliates and intangible assets.”

Maximum Credit Facility means $2,000,000.

Maximum Credit Facility as referred to in Section 34 means; Seven Million ($7,000,000.00) dollars.