Examples of Total Facility Limit in a sentence
The Parties agree that such Unused Line Fee constitutes reasonable consideration for Administrative Agents’ taking of appropriate actions to be able to make available to Reseller the amount of the Total Facility Limit for such period.
Notwithstanding anything contained in this Agreement to the contrary, at no time may the Aggregate Floorplan Loans, Interim Floorplan Loans, unfunded Approvals, Aggregate Revolving Loans (including Extended Pay Outstandings), Swingline Loans and the Letter of Credit Exposure exceed the Total Facility Limit, except as permitted in Section 3.2.10.
For all other properties not covered by Section 4.1 or Section 4.2 an External Valuation is required, irrespective of the Trigger Event and/or the client’s Total Facility Limit.
The outstanding amount of the Company and the Branch at any time will not exceed the Total Facility Limit.
Notwithstanding anything contained in this Agreement to the contrary, at no time may the Aggregate Floorplan Loans, Interim Floorplan Loans, Aggregate Revolving Loans (including Extended Pay Outstandings), Swingline Loans and the Letter of Credit Exposure exceed the Total Facility Limit.