Overall Borrowing Limit definition

Overall Borrowing Limit means any at given time the Total Commitment.
Sample 1Sample 2
Overall Borrowing Limit means, as of any date of determination, an amount equal to the sum of, without duplication, (a) the TNFI Borrowing Limit; plus (b) eighty-five percent (85%) of all TNFE Accounts; plus (c) the lesser of (1) fifty percent (50%) of Eligible Foreign Subsidiary Inventory and (2) the Inventory Sublimit less the outstanding amount of Revolving Loans advanced to and the Risk Participation Reserve attributable to TNFI which, in each case, is supported by Inventory of TNFI; plus (d) forty-five percent (45%) of the aggregate amount of Risk Participation Liability with respect to all outstanding Lender Letters of Credit and Risk Participation Agreements used by either Foreign Subsidiary to purchase Inventory; less (e) the GAAP Reserve; less (f) in each category, such other reserves as the Administrative Agent in its sole, reasonable discretion elects to establish from time to time.
Sample 1
Overall Borrowing Limit means any at given time the lesser of (a) the Total Commitment, and (b) the Borrowing Base Amount.
Sample 1

Examples of Overall Borrowing Limit in a sentence

  • The Agent shall have received, in form and substance satisfactory to the Agent, not less than one (1) Business Day prior to the proposed date of the Loan Advance a Borrowing Base Certificate, setting out the Borrowing Base Amount as of the date of the proposed Loan Advance (in sufficient detail and with supporting calculations), evidencing that the Loan Advance requested pursuant to the accompanying Borrowing Notice does not exceed either the Revolver Borrowing Limit or the Overall Borrowing Limit.

  • This is a part of the Overall Borrowing Limit, being the maximum amount which the Council may have outstanding by way of short term borrowing (i.e. borrowed for less than one year, or loans borrowed which are repayable without notice or with less than twelve months notice).

  • In coming to a view on what priorities Members want to establish, consideration must be given to the overall limit on investment set by the Overall Borrowing Limit of £105.4m, coupled with the impact that long term borrowing has on the affordability within the Housing Revenue Account.

  • The making of such Loan Advance under the Credit Facilities shall not result in (i) the Outstanding Principal Obligation under the Revolving Facility exceeding the Revolver Borrowing Limit, (ii) the Outstanding Principal Obligation under the Term Facility exceeding the Term Borrowing Limit, and (iii) the combined Outstanding Principal Obligations under both Credit Facilities exceeding the Overall Borrowing Limit.

  • The Agent shall have received, in form and substance satisfactory to the Agent, a Borrowing Base Certificate, setting out the Borrowing Base Amount as of the date of the proposed Initial Loan Advance (in sufficient detail and with supporting calculations), evidencing that such Initial Loan Advances requested pursuant to the Borrowing Notice delivered pursuant to Section 4.1(l) does not exceed the Overall Borrowing Limit.

  • Hill Irrigation Engineering, Institute of Engineering, Pulchowk Campus, TU, Basil S.

  • The making of the Initial Loan Advances under the Credit Facilities shall not result in (i) the Outstanding Principal Obligation under the Revolving Facility exceeding the Revolver Borrowing Limit, (ii) the Outstanding Principal Obligation under the Term Facility exceeding the Term Borrowing Limit, and (iii) the combined Outstanding Principal Obligations under both Credit Facilities exceeding the Overall Borrowing Limit.

  • What should be avoided at all costs is a full commitment right up to the Overall Borrowing Limit of £105.4m.

  • The new reporting format allows for more consistent compilation of family involvement data across the district.


More Definitions of Overall Borrowing Limit

Overall Borrowing Limit means, as of any date of determination, an amount equal to the sum of, without duplication, (a) eighty-five percent (85%) of all Eligible Accounts of TNFE; plus (b) the lesser of (1) fifty percent (50%) of Eligible Foreign Subsidiary Inventory (or, solely for the period of November 8, 1999 through March 31, 2000, the Special Inventory Advance Rate applicable for such period) and (2) the Inventory Sublimit less the outstanding amount of Revolving Loans advanced to and the Risk Participation Reserve attributable to TNFI which, in each case, is supported by Inventory of TNFI; plus (c) forty-five percent (45%) of the aggregate amount of Risk Participation Liability with respect to all outstanding Lender Letters of Credit and Risk Participation Agreements used by TNFE to purchase Inventory; less (d) the GAAP Reserve; less (e) in each category, such other reserves as the Administrative Agent in its sole, reasonable discretion elects to establish from time to time.
Sample 1

Related to Overall Borrowing Limit

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Revolving Credit Extension Request shall have the meaning provided in Section 2.14(f)(ii).

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Revolving Credit Borrowing Request means a request made pursuant to Section 2.4 in the form of Exhibit B-4.

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

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Swingline Borrowing means a borrowing of a Swingline Loan pursuant to Section 2.04.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • Swingline Loan Request has the meaning set forth in Section 2.06(b).

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.