US Maximum Amount definition
Examples of US Maximum Amount in a sentence
If at any time the aggregate outstanding balance of all US Revolving Loans (including, for greater certainty, all Advances under the US Seasonal Facility) and US Swing Line Loans exceeds the lesser of (A) the US Maximum Amount and (B) the US Borrowing Base, LLTC shall immediately repay the aggregate outstanding US Revolving Credit Advances to the extent required to eliminate such excess.
The aggregate amount of US Swing Line Advances outstanding shall not exceed at any time the lesser of (A) the US Swing Line Loan Commitment and (B) the lesser of the US Maximum Amount and US Borrowing Availability, in each case, less the outstanding balance of the US Revolving Loans at such time ("US Swing Line Availability").
For greater certainty, the US Seasonal Facility is a sub-facility of the US Revolving Credit Facility and shall not be subject to the limits of the US Borrowing Base but shall be subject to the US Maximum Amount.
The aggregate principal amount of all US Revolving Credit Advances (including Advances under the US Seasonal Facility) shall at no time exceed the US Maximum Amount.
All such U.S. Letter of Credit Obligations in the aggregate shall not at any time exceed the lesser of (i) $25,000,000 (the “U.S. L/C Sublimit”), and (ii) the U.S. Maximum Amount less the aggregate outstanding principal balance of all U.S. Revolving Credit Advances and the U.S. Dollars Swing Line Loan.
If at any time the outstanding balances of the U.S. Revolving Loan and the U.S. Dollars Swing Line Loan exceed the U.S. Maximum Amount, U.S. Borrower shall immediately repay first, the U.S. Dollars Swing Line Loan until paid in full, and thereafter the aggregate outstanding U.S. Revolving Credit Advances to the extent required to eliminate such excess.
If at any time the aggregate outstanding balance of all US Revolving Loans (including, for greater certainty, all Advances under the US Seasonal Facility) exceeds the lesser of (A) the US Maximum Amount and (B) the US Borrowing Base, LLTC shall immediately repay the aggregate outstanding US Revolving Credit Advances to the extent required to eliminate such excess.
If at any time the aggregate outstanding balance of all US Revolving Loans and US Swing Line Loans exceeds the lesser of (A) the US Maximum Amount and (B) the US Borrowing Base, the US Borrowers shall immediately repay the aggregate outstanding US Revolving Credit Advances to the extent required to eliminate such excess.
The aggregate amount of Swing Line Advances outstanding shall not exceed at any time the lesser of (A) the Swing Line Commitment and (B) the lesser of the U.S. Maximum Amount and (except for U.S. Overadvances) the U.S. Borrowing Base, in each case, less the outstanding balance of the U.S. Revolving Loan at such time (" Swing Line Availability ").
Except as otherwise provided in Section 1.11 (b) , the authority of Administrative Agent to make U.S. Overadvances is limited to an aggregate amount not to exceed $1,500,000 at any time, shall not cause the aggregate U.S. Revolving Loan to exceed the U.S. Maximum Amount, and may be revoked prospectively by a written notice to Administrative Agent signed by U.S. Revolving Lenders holding more than 50% of the U.S. Revolving Loan Commitments.