Sublimit B definition

Sublimit B means a portion of the Line of Credit up to but not exceeding $l1,250,000.00 (increasing to $15,750,000.00 during the last five (5), followed by the first five (5) Banking Days of each month) which shall be available to warehouse Sublimit B Mortgage Loans.
Sublimit B means a portion of the Line of Credit up to but ---------- not exceeding $17,500,000.00 which shall be available to warehouse Sublimit B Mortgage Loans.
Sublimit B to read in its entirety as follows:

Examples of Sublimit B in a sentence

  • Hence, efforts were made to increase the female participation, but due to the fact that lower strength of the female officers in the departments of the jurisdiction states is reflected in the poor participation of training programme.Table-11 : Distribution of The Participation From The Different Departments GenderOn CampusOff CampusCollaborativeConsultancyThe course wise details of the participants from different gender are given in Appendix-4.

  • Mortgage Loans that initially are funded under Sublimit B are not charged twice when subsequently funded under Sublimit A or Sublimit E.

  • The sub-limits set out in the Transaction Criteria (Sub-limit A, Sub-limit B and Sub-limit C) will apply to the issue of Trade LCs. The Trade Finance Facility may not be drawn in cash.

  • SCHEDULE 1 TRANSACTION CRITERIA3 Criterion Sub-limit A Sub-limit B Sub-limit C General Compliance with Transaction Criteria generally to be determined by Fronting Banks, with any material deviations to be approved by the Majority Participants.

  • Financial covenants to include, but not be limited to: Minimum Debt Service Coverage Ratio (if Sublimit B is funded) Maximum Funded Debt to EBITDA of 3.0:1 Minimum Current Ratio of 1.50:1 Minimum Tangible Net Worth of $7,000,000 plus 50% of net income for each fiscal year.

  • Mortgage Loans that initially are funded under Sublimit B are not charged twice when subsequently funded under Sublimit A or Sublimit C.

  • The Facility will consist of the following Sublimits: Sublimit A: $5,000,000 for working capital purposes Sublimit B: $5,000,000 for support of acquisitions * * All acquisitions will be reviewed by Bank for approval on a case-by-case basis.

  • The Commitment Amount will be sub-divided into a Five Hundred Thousand Dollar ($500,000) credit facility to finance domestic and Canadian accounts receivables (herein "Sublimit A") and a One Million Five Hundred Thousand Dollar ($1,500,000) credit facility to finance accounts receivable and inventory created by export sales (herein "Sublimit B").

  • Each Advance will be in a principal amount for Facility A: not greater than 100% of the amount of the related Investor Take-Out Commitment up to 100% of the note amount; for Sub-limit B: not greater than 100% of the note amount, and; for Facility C: not greater than 100% of the loan amount.

  • Paragraph 7 of the First Amendment to Loan Agreement dated as of October 31, 1996 is hereby amended by deleting the references in such paragraph to "Sublimit A" and "Sublimit B".


More Definitions of Sublimit B

Sublimit B means a sublimit for a Take-Out Advance under the Committed Revolving Line not to exceed $1,500,000. "Sublimit B Amount" means $1,500,000. "Sublimit C" means a sublimit for Equipment Advances under the Committed Revolving Line not to exceed $1,000,000.

Related to Sublimit B

  • Sublimit means the aggregate amount of Warehousing Advances (expressed as a dollar amount or as a percentage of the Warehousing Commitment Amount) that is permitted to be outstanding at any one time against a specific type of Eligible Loan.

  • L/C Sublimit means an amount equal to $5,000,000. The L/C Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • LC Sublimit means $500,000,000.

  • Swingline Sublimit means an amount equal to the lesser of (a) $15,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

  • Swing Line Sublimit means an amount equal to the lesser of (a) $25,000,000 and (b) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • L/C Issuer Sublimit means with respect to each L/C Issuer, such amount as may be separately agreed between such L/C Issuer and the Borrower from time to time (with specific notice of such amount, and any change thereto, with respect to each L/C Issuer being promptly communicated to the Administrative Agent), provided that the L/C Issuer Sublimit with respect to any Person that ceases to be an L/C Issuer for any reason pursuant to the terms hereof shall be $0 (subject to the Letters of Credit of such Person remaining outstanding in accordance with the provisions hereof).

  • Letter of Credit Sublimit means an amount equal to the lesser of (a) the Aggregate Revolving Commitments and (b) $25,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Issuing Bank Sublimit means, as of the Effective Date, (i) $2,500,000, in the case of Chase and (ii) in the case of any other Issuing Bank, such amount as shall be designated to the Administrative Agent and the Borrower in writing by such Issuing Bank; provided that any Issuing Bank shall be permitted at any time to increase or reduce its Issuing Bank Sublimit upon providing five (5) days’ prior written notice thereof to the Administrative Agent and the Borrower.

  • Inventory Sublimit means the amount(s) set forth in Section 1(d) of Schedule A.

  • Swing Line Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Swing Line Outstandings means, as of any date of determination, the aggregate principal amount of all Swing Line Loans then outstanding.

  • 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.

  • Foreign Currency Sublimit means $100,000,000.

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

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

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Swingline Commitment the obligation of the Swingline Lender to make Swingline Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Uncommitted Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Availability Block means $15,000,000.