Tranche A Loan Limit definition

Tranche A Loan Limit means at any time the amount equal to the lesser of: (a) $85,000,000 or (b) the Borrowing Base at such time.

Tranche A Loan Limit means $0.

Tranche A Loan Limit set forth in Section 1.01 of the Credit Agreement is amended and restated in its entirety to read as follows:

Examples of Tranche A Loan Limit in a sentence

• The Company shall not at any time permit the Secured Amount to be less than the Tranche A Loan Limit.

• The Company shall provide that the Tranche A Loan Limit shall at no time exceed the Secured Amount.

• Loans made to the Company based on the Formula Amount (“Tranche A Loans”) in the aggregate at any time outstanding, not to exceed the lesser of (x) (I) the Tranche A Loan Limit minus (II) such reserves as Laurus may reasonably in its good faith judgment deem proper and necessary from time to time (the “Reserves”) and (y) an amount equal to (I) the Accounts Availability plus the Inventory Availability minus (II) the Reserves.

• The defined terms "Tranche A Commitment", "Tranche A Lender", "Tranche A Loan Limit", "Tranche A Loans", "Tranche B Borrowing Base", "Tranche B Commitment", "Tranche B Lender", "Tranche B Loan Limit" and "Tranche B Loans" contained in Section 1 of the Loan Agreement are each hereby deleted.

• Any such written request shall specify the amount of the increase in the Tranche A Loan Limit that Borrowers are requesting, provided, that, (i) in no event shall the aggregate amount of any such increase cause the Maximum Credit to exceed $240,000,000, (ii) such request shall be for an increase of not less than $10,000,000, (iii) any such request shall be irrevocable, and (iv) in no event shall there be more than one such increase in any calendar quarter.

More Definitions of Tranche A Loan Limit

Tranche A Loan Limit means $20,000,000, as such limit may be adjusted up to $30,000,000 from time to time in accordance with SUBSECTION 2.01(b).

Tranche A Loan Limit means $15,000,000, as such limit may be adjusted up to $30,000,000 from time to time in accordance with SUBSECTION 2.01(b).

Tranche A Loan Limit means (a) from March 14, 2014 through and including March 31, 2015, $20,000,000, (b) from April 1, 2015 through and including April 30, 2015, $18,000,000, (c) from May 1, 2015 through and including May 31, 2015, $16,000,000, (d) from June 1, 2015 through and including June 29, 2015, $14,000,000, and (e) on and after June 30, 2015, $-0-; provided, that, (i) on and after giving effect to each such reduction in the immediately preceding clauses (b) through (e), Excess Availability shall be not less than $50,000,000, and (ii) on and after giving effect to such payment or prepayment, no Event of Default shall exist or have occurred and be continuing.

Tranche A Loan Limit means the lesser of (a) the Aggregate Tranche A Loan Commitments (subject to adjustment as provided in Sections 2.06 and 2.15 of the Agreement) and (b) the Tranche A Borrowing Base.

Tranche A Loan Limit. Tranche A Loans", "Tranche B Borrowing Base", "Tranche B Commitment", "Tranche B Lender", "Tranche B Loan Limit" and "Tranche B Loans" contained in Section 1 of the Loan Agreement are each hereby deleted.

Tranche A Loan Limit means (a) from October 1, 2016 through and including October 31, 2016, $16,000,000, (b) from November 1, 2016 through and including July 14, 2018, as set forth on Schedule A hereto, and (c) on and after July 15, 2018, the Tranche A Loan Limit shall be

Tranche A Loan Limit means $0. --------------------