Total Outstanding Loans definition
Total Outstanding Loans means, on any date of the determination thereof, the total of all Loans outstanding under this Agreement pursuant to Sections 2.2, Advances Against Eligible Accounts, and 2.3, Advances Against Eligible Inventory of this Agreement.
Total Outstanding Loans means, as of any date of determination, the unpaid principal amount of all Loans outstanding hereunder.
Total Outstanding Loans means, at any time, the aggregate amount of the Outstanding Loans of all Banks outstanding at such time.
Examples of Total Outstanding Loans in a sentence
Any reduction of the Total Commitments described in the foregoing sentence shall be accompanied by prepayment of the Loans to the extent, if any, that the Total Outstanding Loans exceed the amount of the Total Commitments as so reduced.
Notwithstanding anything to the contrary contained herein, the failure on the part of Landlord or Tenant to meet a Time Limit as set forth above, shall in no event constitute an event of default under the Lease.
If at any time, including after giving effect to any reduction of Commitments pursuant to this Section 4.5, the Total Outstanding Loans exceed the Total Commitments, the Borrower shall be obligated to prepay the Loans in the amount of such excess.