Maximum Facility Amount definition

Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $150,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.
Maximum Facility Amount means, on any date of determination, $400,000,000 (as such amount may be reduced pursuant to Section 2.07); provided that it is understood that the loan facility established under this Agreement is an uncommitted facility and there is no express or implied commitment on the part of the Administrative Agent or any Lender to provide any Advance except that, in the case of Collateral Loans approved by means of an Approval Request or Approved List, the Lenders shall have committed to fund the related Advances (up to the amount(s) specified in the related Approval Request or Approved List) provided that the related conditions precedent set forth in Article III are satisfied.
Maximum Facility Amount means initially $400,000,000, as such amount may be reduced from time to time pursuant to Section 2.18(b); provided that at any time after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

Examples of Maximum Facility Amount in a sentence

  • Provided that no Default or Event of Default has occurred and is continuing and subject to compliance with the terms of this Section 2.19, from time to time prior to the Facility Termination Date the Borrower may request one or more increases to the Maximum Facility Amount (each such increase, a “Facility Increase”).


More Definitions of Maximum Facility Amount

Maximum Facility Amount means $500,000,000.
Maximum Facility Amount means $50,000,000.
Maximum Facility Amount in Article 2 of the Master Repurchase Agreement is hereby deleted in its entirety and replaced with the following:
Maximum Facility Amount as set forth in Article 2 of the Repurchase Agreement, is hereby amended and restated in its entirety to read as follows:
Maximum Facility Amount means $400,000,000.
Maximum Facility Amount means $600,000,000.
Maximum Facility Amount in Section 1.1 shall be amended by deleting therein the word “$160,000,000” and replacing it with “$210,000,000”.