Maximum Loan Availability Certificate definition

Maximum Loan Availability Certificate means a report in substantially the form of Exhibit N, certified by any Responsible Officer of the Borrower, setting forth in the calculations required to establish the Appraised Value for each Secured Pool Property, the Debt Service Coverage Amount for the Secured Pool Properties and the Maximum Loan Availability as of a specified date, all in form and detail reasonably satisfactory to the Administrative Agent.
Maximum Loan Availability Certificate means a report in substantially the form of Exhibit N, certified by any Responsible Officer of the Borrower, setting forth in the calculations required to establish the Appraised Value for each Borrowing Base Property, the Minimum Implied Debt Service Coverage Ratio for the Borrowing Base Properties and the Maximum Loan Availability Criteria as of a specified date, all in form and detail reasonably satisfactory to the Administrative Agent.

Examples of Maximum Loan Availability Certificate in a sentence

  • Initially, the Maximum Loan Availability shall be the amount set forth as such in the Maximum Loan Availability Certificate delivered under Section 6.1. Thereafter, the Maximum Loan Availability shall be the amount set forth as such in the Maximum Loan Availability Certificate delivered from time to time under Article IX or Section 4.2(b).

  • In addition, the Board worked with Senator Bill Seitz to enact the behavior analyst law (ORC 4783) in 2013 to increase service access to families and children with Autism, and to assist with insurance payments to the COBA’s for services.

Related to Maximum Loan Availability Certificate

  • Availability Certificate means a certificate substantially in the form of Annex 3 hereto, appropriately completed and duly signed by your Authorized Officer.

  • 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).

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

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

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

  • Maximum Availability means, as of any date of determination, the difference of (i) the Facility Amount minus (ii) the balance of all unfunded Advances approved but not yet funded minus (iii) the Aggregate Unfunded Amount plus (iv) all amounts on deposit in the Unfunded Exposure Account, each as of such date of determination.

  • 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 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.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • 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.

  • Availability Block means $15,000,000.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • 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 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.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

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

  • Credit Amount has the meaning set forth in Section 4.01(b)(ii).