Maximum Loan Limit means Twenty-Five Million and No/100 Dollars ($25,000,000).

Maximum Loan Limit means Fifty Million and No/100 Dollars ($50,000,000.00).

Maximum Loan Limit means an amount equal to Nine Hundred Ninety Six Thousand Dollars 00/100 cents ($996,000).

Examples of Maximum Loan Limit in a sentence

This limit will decrease over time by equal amounts on each Regularly Scheduled Payment date so that the Maximum Loan Limit will be zero by the Balance Due Date for Lines of Credit, or the Mortgage Repayment Due Date for Redrawable Mortgages, as applicable.
Maximum Loan Limit refers to the maximum amount of money you can borrow at any point in time under your Loan Agreement.
However, the amount you can redraw/ advance depends on the following time frames:Prior to the Interest Only Expiry Date, you may redraw/ advance up to the original Maximum Loan Limit.
This Maximum Loan Limit, which is reduced each month, is called the “Maximum (Amortized) Loan Limit”.The Regularly Scheduled Payment amount will be adjusted to the amount, if any, required to pay down the outstanding balance of your Loan to the Maximum (Amortized) Loan Limit in effect on each Regularly Scheduled Payment Date so that on the Balance Due Date, your Loan will be repaid in full.
The Interest Rate that applied on each day, and the total interest charged during that period.The Maximum Loan Limit, and the amount available for redraws/ advances, at the end of that period.The minimum payment and its due date (being the date on which we deducted the payment from your bank account).

More Definitions of Maximum Loan Limit

Maximum Loan Limit means Twelve Million Eight Hundred Sixteen Thousand Dollars ($12,816,000.00).”

Maximum Loan Limit means Eighteen Million Eight Hundred Thousand and No/100 Dollars ($18,800,000).

Maximum Loan Limit appearing in Section 1.1 of the Credit Agreement are hereby amended and restated to read as follows:

Maximum Loan Limit set forth in Paragraph 1 of the Agreement is deleted in its entirety and the following is substituted in its place:

Maximum Loan Limit means an amount, as of the date of determination, equal to eighty-five percent (85%) of the outstanding principal amount of all of the “Performing Mortgage Loans and Church Bonds” and fifty percent (50%) of the outstanding principal amount of all of the “Performing Interim Construction Loans”. Provided, however, the Maximum Loan Limit shall at no time exceed $60,000,000. The Maximum Loan Limit shall be determined quarterly as of the first day of each calendar quarter.

Maximum Loan Limit means Fifty-Three Million Six Hundred Thousand and No/100 Dollars ($53,600,000) as such amount may be increased or decreased from time to time in accordance with the terms of this Agreement.

Maximum Loan Limit means Ten Million and No/100 Dollars ($10,000,000.00).