Maximum Facility Balance definition

Maximum Facility Balance shall equal $75,000,000 or such higher or lower amount as shall be agreed to pursuant to Section 2.2 of the Note Funding Agreement.
Sample 1
Maximum Facility Balance shall have the meaning specified in Section 2.2(f) of the Note Funding Agreement.
Sample 1Sample 2
Maximum Facility Balance. $150,000,000.
Sample 1

Examples of Maximum Facility Balance in a sentence

  • The Aggregate Outstanding Note Balance shall not exceed the Maximum Facility Balance.

  • The Outstanding Note Balance of the Notes shall not exceed the Maximum Facility Balance.

  • From and after the Closing Date, the Maximum Facility Balance (the “Maximum Facility Balance”) and the Commitment of each Bank Purchaser shall be as follows:  Time Period Maximum Facility Balance KeyBank National Association Commitment DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main Commitment Closing Date - thereafter $80,000,000 $40,000,000* $40,000,000* * Or such lower amount as reduced in accordance with the terms of this Agreement.

  • The Outstanding Note Balance of the Notes shall not exceed the Maximum Facility Balance and the outstanding principal amount of a Note held by any single Purchaser Group or any single Non-Conduit Committed Purchaser shall not exceed the then-effective Commitment for such Purchaser Group or Non-Conduit Committed Purchaser..

  • After giving effect to such Borrowing, the Aggregate Timeshare Loan Balance will not exceed the Maximum Facility Balance.

  • From and after the Amendment Closing Date, the Maximum Facility Balance (the “Maximum Facility Balance”) and the Commitment of each Bank Purchaser shall be as set forth in Schedule 2.2(f) of this Agreement.


More Definitions of Maximum Facility Balance

Maximum Facility Balance means an amount equal to the sum of the Maximum Class A Facility Balance and the Maximum Class B Facility Balance.
Sample 1
Maximum Facility Balance shall equal $100,000,000.
Sample 1
Maximum Facility Balance shall equal $75,000,000.”
Sample 1
Maximum Facility Balance. $181,000,000.
Sample 1
Maximum Facility Balance shall equal (i) prior to the earlier of (a) the Mandatory Take-Out Date and (b) a Take-Out Transaction, $180,000,000, (ii) following the Mandatory Take-Out Date until a Take-Out Transaction shall occur, the greater of (a) the Outstanding Note Balance of the Notes and (b) $125,000,000 and (iii) upon the occurrence of a Take-Out Transaction, $125,000,000, in each case unless a higher or lower amount as shall be agreed to pursuant to Section 2.2 of the Note Funding Agreement.”
Sample 1
Maximum Facility Balance means $5 million. ------------------------
Sample 1

Related to Maximum Facility Balance

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • 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 Swingline Amount means $5,000,000.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Maximum Advance Rate means 80.0%.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Maximum Drawing Amount means at the time in question the sum of the maximum amounts which LC Issuer might then or thereafter be called upon to advance under all Letters of Credit which are then outstanding.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • Maximum Revolving Amount At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

  • Maximum Revolver Amount means $100,000,000, decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement.

  • Maximum Revolving Credit Amount means $85,000,000.00.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Maximum Commitment means initially the amount specified in item 4 on Schedule A, as such amount may be reduced from time to time in accordance with Section 2.04(a).