Maximum Facility definition
Maximum Facility means the maximum amount which the Lender has agreed to consider as a ceiling on the outstanding principal balance of loans and other extensions of credit to be made to or for the account of the Borrower under this Agreement. The Maximum Facility shall be Fifty Million Dollars ($50,000,000.00) United States currency, unless permanently reduced at Lawson's election pursuant to Section 2.3.
Maximum Facility means the maximum amount which the Lender has agreed to consider as a ceiling on the outstanding principal balance of loans and other extensions of credit to be made to or for the account of the Borrower under this Agreement. The Maximum Facility shall be Fifty Million Dollars ($50,000,000.00) United States currency, unless permanently reduced at Lawson’s election pursuant to Section 2.3.
Maximum Facility means ONE MILLION AND 00/100 US DOLLARS ($1,000,000.00).
Examples of Maximum Facility in a sentence
Notwithstanding the foregoing, if the Customer provides multiple instructions, the aggregate of which would exceed the Maximum Facility, the Company is entitled to execute some, all or none of the instructions at its discretion, in whole or in part.
More Definitions of Maximum Facility
Maximum Facility means, as of the Closing Date, an amount equal to the lesser of (i) Six Million and No/100 Dollars ($6,000,000.00), (ii) 75% of the loan-to-value ratio using an income approach of the Real Property as set forth on the most recent appraisal prepared and delivered to Lender in accordance with the terms hereof or (iii) 80% of the purchase price required to be paid by the Borrowers under the Closing Date Purchase Documents in connection with the Closing Date Acquisition.
Maximum Facility means the maximum amount which the Lenders have agreed to consider as a ceiling on the outstanding principal balance of the Revolving Loans to be made and Letters of Credit to be issued under this Agreement. The Maximum Facility shall be Three Hundred Twenty-Five Million Dollars ($325,000,000).
Maximum Facility contained in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety, as follows:
Maximum Facility means $10,000,000.
Maximum Facility means, as of the Closing Date, an amount equal to Ninety-One Million and No/100 Dollars ($91,000,000.00).
Maximum Facility means the maximum aggregate amount of Open Positions which may be open at any given time as notified by the Company to the Customer from time to time.
Maximum Facility means $4,000,000.