Maximum Loan Balance definition

Maximum Loan Balance means, as of any date, the product of (x) the Advance Rate, multiplied by(y) the amount equal to
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Maximum Loan Balance. MLB’)” shall mean the maximum quantity of gas which Storage Provider will loan to a Customer and debit to Customer’s Loan Account under an Interruptible Park and Loan Service Agreement.
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Maximum Loan Balance means, as of any date of determination, the lesser of (a) the sum of (i) the cash and Cash Equivalents held by the Company and its Domestic Subsidiaries as of such date, PLUS (ii) the amount equal to the lesser of (A) 75% of the aggregate consolidated accounts receivable of the Company and its Subsidiaries as of such date and (B) 85% of the aggregate consolidated accounts receivable of the Company and its Domestic Subsidiaries as of such date, and (b) the Aggregate Commitment.
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Examples of Maximum Loan Balance in a sentence

  • With respect to each Limited Interest Loan or Revolving Rebuild BPL Loan, (i) the related Mortgagor is entitled pursuant to the Mortgage Loan Documents to request advances up to the amount of the Maximum Loan Balance as set forth in the related Mortgage Loan Documents and (ii) the Seller shall disburse all such amounts in accordance with the terms of the related Mortgage Loan Documents and Applicable Law.

  • If at any time there remain outstanding Revolving Loans and/or Term Loans in excess of the Maximum Loan Balance, Borrower shall immediately repay Revolving Loans and/or Term Loans to eliminate such excess.

  • Borrower may reborrow Revolving Loans and Term Loans repaid pursuant to this subsection 1.5(A); provided, however, Term Loans may only be reborrowed for the purpose of financing an Acquisition in accordance with the terms hereof and provided further all Loans outstanding do not exceed the Maximum Loan Balance and all Revolving Loans outstanding do not exceed the Maximum Revolving Loan Balance.

  • If at any time the outstanding Loans exceed the Maximum Loan Balance, Lenders shall not be obligated to make Loans and Loans must be repaid immediately in an amount sufficient to eliminate any excess.

  • If at any time the Term Loans together with all other Loans exceed the Maximum Loan Balance, Term Loans must be repaid immediately in an amount sufficient to eliminate any excess.

  • If at any time the sum of the outstanding amount of the Loans exceeds the Maximum Loan Balance, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Banks for application to the Loans.

  • If at any time the then outstanding principal balance of Loans exceeds the Maximum Loan Balance, then the Borrower shall immediately prepay outstanding Loans in an amount sufficient to eliminate such excess.

  • No Lender shall have any obligation to make advances under this subsection 1.1(C) (2) unless all of the conditions set forth in subsections 7.1 and 7.2 have been satisfied or to the extent any requested advance would cause the principal balance of all Loans then outstanding to exceed the Maximum Loan Balance or at the time of such request Revolving Loans outstanding exceed the Maximum Revolving Loan Balance.


More Definitions of Maximum Loan Balance

Maximum Loan Balance means, as of any date of determination, the lesser of (a) the sum of (i) the cash and Cash Equivalents held by the Company and its domestic Subsidiaries as of such date, PLUS (ii) the amount equal to the lesser of (A) 75% of the aggregate consolidated accounts receivable of the Company and its Subsidiaries as of such date and (B) 85% of the aggregate consolidated accounts receivable of the Company and its domestic Subsidiaries as of such date, and (b) the Aggregate Commitment.
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Maximum Loan Balance means, as of any date, the product of:
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Maximum Loan Balance means, as of any date, an amount equal to the lesser of: (i) the Maximum Loan Commitment and (ii) Loan Availability less all outstanding Term Loans and Revolving Loans.
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Related to Maximum Loan Balance

  • Loan Balance means, for any date of determination, the outstanding principal balance due under or in respect of a Timeshare Loan (including a Defaulted Timeshare Loan).

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

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • 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.

  • 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 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 Revolving Advance Amount means $30,000,000.

  • 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).

  • Net Purchased Loan Balance means, as of any date of determination, an amount equal to the sum of (i) the Aggregate Principal Balance of all Collateral Obligations sold and/or contributed to the Buyer by the Seller (directly or indirectly) hereunder prior to such date plus (ii) the Aggregate Principal Balance of all Collateral Obligations acquired by the Buyer other than from the Seller prior to such date, in each case calculated as of the date of the Buyer’s acquisition thereof.

  • 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.

  • 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.

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • 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.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • 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, (a) the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time minus (b) the aggregate amount of any Availability Reserve in effect at such time.

  • 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.

  • Cut-off Date Loan Balance means the Loan Balance calculated as of the Cut-off Date.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

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

  • Maximum Advance Rate means 80.0%.

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