Maximum Real Estate Loan Amount definition

Maximum Real Estate Loan Amount means (a) $75,000,000, reducing on the first day of each month commencing on November 1, 2005 by an amount equal to $900,000; minus, (b) the Real Estate Availability Block.
Sample 1Sample 2
Maximum Real Estate Loan Amount. “Maximum Revolver Amount” and “Qualified Cash Equivalents” in Annex A of the Credit Agreement are amended to read as follows:
Sample 1
Maximum Real Estate Loan Amount means $11,250,000, provided that such amount, on or prior to the Facility Increase Termination Date, shall automatically increase by the Revolving Credit Facility Increase Amount upon the Appraisal Condition having been satisfied in a manner satisfactory to the Agent; provided further that such amount shall reduce (i) on the first day of each Fiscal Quarter commencing January 29, 2007 by an amount equal to $375,000, and (ii) from time to time pursuant to Section 3.4(b); provided further that such amount shall reduce to $0 if the Appraisal Condition is not satisfied in a manner satisfactory to the Agent on or prior to July 31, 2007.
Sample 1

More Definitions of Maximum Real Estate Loan Amount

Maximum Real Estate Loan Amount contained in Annex A to the Agreement is hereby deleted.
Sample 1
Maximum Real Estate Loan Amount contained in Annex A to the Agreement is hereby amended to read as follows:
Sample 1
Maximum Real Estate Loan Amount means as of any date of determination, the difference of: (a) $60,375,000, minus (b) an amount equal to $900,000 multiplied by the number of full or partial months in the period commencing on November 1, 2005 and ending on the first day of the month of determination (such reductions to take effect on the first day of each such month).”
Sample 1

Related to Maximum Real Estate Loan Amount

  • 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.

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

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

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

  • 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.

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

  • 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.

  • Real Estate Loan means any debt obligation that is (a) directly or indirectly secured by a mortgage, deed of trust or similar Lien on commercial real estate, residential real estate, office, retail or industrial property or undeveloped land, is underwritten as a mortgage loan and is not otherwise associated with an operating business or (b) a loan to a company engaged primarily in acquiring and developing undeveloped land (whether or not such loan is secured by real estate).

  • 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.

  • 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 Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • 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).]

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

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

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

  • 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.

  • 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 Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • 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).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

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

  • Existing Loan means the loan identified on Exhibit H.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).