Maximum Loan Commitment definition

Maximum Loan Commitment means the obligation of the Lender, subject to the Availability, to make the Credit Loan pursuant to Section 2.1 hereof in the aggregate principal amount of up to One Million Dollars ($1,000,000.00).

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Maximum Loan Commitment means Thirty-Five Million Dollars ($35,000,000).

Maximum Loan Commitment means $45,000,000. Money Borrowed - as applied to Indebtedness, means (i) Indebtedness for borrowed money; (ii) Indebtedness, whether or not in any such case the same was for borrowed money, (A) which is represented by notes payable or drafts accepted that evidence extensions of credit, (B) which constitutes obligations evidenced by bonds, debentures, notes or similar instruments, or (C) upon which interest charges are customarily paid (other than accounts payable) or that was issued or assumed as full or partial payment for Property; (iii) Indebtedness that constitutes a capitalized lease obligation; (iv) Indebtedness under any agreement or obligation to reimburse the issuer of any letter of credit for amounts paid by the issuer on account of such letter of credit; and (v) Indebtedness under any guaranty of obligations that would constitute Indebtedness for Money Borrowed under clauses (i) through (iii) hereof.

Examples of Maximum Loan Commitment in a sentence

Subsequent closings ("Subsequent Closings" and together with the Initial Closing, the "Closings") shall take place at 12:00 p.m. Pacific Time on the second business day following the date the Company shall deliver to the Lender a Borrowing Certificate in the form attached hereto ("Subsequent Closing Dates"), provided that such borrowing request, together with all prior borrowing requests that have been funded, does not exceed the Maximum Loan Commitment Amount.
In reliance upon the representations of the Company contained in Section 1.6 and of the representations of the Lender contained in Section 1.7, and subject to the terms and conditions set forth herein, the Company shall issue to the Lender the Note and the Lender shall lend to the Company at the Closings (as defined in Section 1.4) up to the maximum aggregate principal amount of Five Million United States Dollars (US$5,000,000) (the "Maximum Loan Commitment Amount").
The Lender agrees, on the terms, conditions and limitations of this Agreement, to make Credit Loans in United States Dollars to the Borrowers, from time to time, during the Loan Funding Period, in an aggregate amount not to exceed at any one time outstanding the Maximum Loan Commitment, subject to compliance with the Availability.
Prior to the Loan Termination Date, subject to the terms hereof and within the limits of the Maximum Loan Commitment, the Borrower may borrow, prepay and reborrow Loans.
The Borrower shall not be entitled to any new Loan if, after giving effect to such Loan, the unpaid principal amount of the then outstanding Loans would exceed the Maximum Loan Commitment.

More Definitions of Maximum Loan Commitment

Maximum Loan Commitment means $55,000,000 from August ___, 1998 through January 1, 1999 and $45,000,000 at all times on and after January 2, 1999.

Maximum Loan Commitment as defined in the recitals hereto.

Maximum Loan Commitment means $120,000,000 less all Scheduled Installments paid by Borrower which may not be reborrowed pursuant to the terms of this Agreement.

Maximum Loan Commitment means $14,964,587.00. All other capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them elsewhere herein, in the Lease or in the other Documents (as defined in Section 7 hereof).

Maximum Loan Commitment means the amount in Rubles set forth opposite each Lender’s name in Schedule A;

Maximum Loan Commitment means $10,000,000 minus the Fair Market Value (as such term is defined in the Consignment Agreement) of all Consigned Precious Metal (as such term is defined in the Consignment Agreement) under the Consignment Agreement.

Maximum Loan Commitment means the loan commitments in the aggregate maximum amount of Fifty million and 00/100 Dollars ($50,000,000), as evidenced by the Note.