Maximum Receivables Loan Amount definition

Maximum Receivables Loan Amount the amount identified in the Schedule as the Maximum Receivables Loan Amount.
Sample 1Sample 2Sample 3
Maximum Receivables Loan Amount means the lesser of: (i) the aggregate Commitment Amount of all Lenders, or (ii) an amount not to exceed $40,000,000 at any time, provided that, such maximum amount is subject to further restrictions as set forth in Sections 2.1 and 2.2 of this Agreement.
Sample 1Sample 2
Maximum Receivables Loan Amount means the lesser of (i) Eighteen Million Dollars ($18,000,000) or (ii) Twenty Million Dollars ($20,000,000) less the principal amount then outstanding under the Working Capital Loan and the Construction Loan.
Sample 1

Examples of Maximum Receivables Loan Amount in a sentence

  • Although the aggregate amount of all Advances made under this Agreement may exceed the Maximum Receivables Loan Amount, the outstanding principal balance of such Advances may at no time exceed the Maximum Receivables Loan Amount.

  • Agent and Lenders shall have the right, but not the obligation, to fund amounts in excess of the Maximum Receivables Loan Amount from time to time to pay accrued and unpaid interest to correct or cure any Incipient Default or Event of Default.

  • Borrower hereby agrees to execute additional notes, Assignments and other additional Loan Documents, and modifications thereto, promptly upon request by Agent, in favor of Agent and Lenders, evidencing and securing amounts funded in excess of the Maximum Receivables Loan Amount.

  • At no time shall the unpaid principal balance of the Receivables Loan exceed the Maximum Receivables Loan Amount.

  • We delivered strong financial results in Q4 2020, generating Transaction Value of $256.9 million, an increase of 51% from the fourth quarter of 2019.

  • The First Amendment to Second ARRLA Receivables Loan Fee is fully earned by Agent and shall not be refundable in whole or in part, notwithstanding that the full Maximum Receivables Loan Amount is not advanced.

  • Borrower hereby agrees to execute additional notes, Assignments and other additional Loan Documents, and modifications thereto, promptly upon request by Lender, in favor of Lender, evidencing and securing amounts funded in excess of the Maximum Receivables Loan Amount.

  • Concurrently herewith, Borrower shall execute and deliver to Lender the Receivables Loan Promissory Note in the original principal amount not to exceed the Maximum Receivables Loan Amount.

  • Subject to Section 5.7 below, in the event that Lender exercises any one or more options under Section 2.12 to extend the Receivables Loan Advance Period, Borrower agrees to pay to Lender a renewal fee (“Renewal Fee”) equal to .25% of the Maximum Receivables Loan Amount ($187,000) for each extension option exercised by Lender.

  • In the event at any time the unpaid principal balance of the Receivables Loan exceeds the Maximum Receivables Loan Amount, Borrower shall make a payment to Lender within one (1) Business Day thereafter in an amount equal to such excess, without the need for any prior demand or request by Lender.


More Definitions of Maximum Receivables Loan Amount

Maximum Receivables Loan Amount subject to the provisions of paragraph 2.6. Thirty-Five Million Dollars ($35,000,000).
Sample 1
Maximum Receivables Loan Amount means the sum of Eleven Million Eight Hundred Sixty-Nine Thousand Nine Hundred Thirty Dollars ($11,869,930.00).
Sample 1
Maximum Receivables Loan Amount. Ten Million Dollars ($10,000,000).
Sample 1
Maximum Receivables Loan Amount has the meaning set forth in Section 2.1, subject to the restrictions set forth in Section 2.2.
Sample 1

Related to Maximum Receivables Loan Amount

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

  • 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 $25,000,000.

  • 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 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.

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

  • 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 Credit Amount means $85,000,000.00.

  • 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).

  • 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 Line means $5,000,000, unless said amount is reduced pursuant to Section 2.6, in which event it means the amount to which said amount is reduced.

  • 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 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.

  • Loan Balance means, at any time, the outstanding principal balance of the Note at such time.

  • 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 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.

  • Net Purchased Loan Balance means, as of any date of determination, an amount equal to (a) the aggregate principal balance of all Portfolio Investments acquired by the Company prior to such date minus (b) the aggregate principal balance of all Portfolio Investments repurchased by the Parent or an Affiliate thereof prior to such date.

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Maximum Advance Rate means 80.0%.

  • 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.

  • 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 Swingline Amount means $5,000,000.

  • 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.

  • 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.

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.