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Common use of Borrowing Limit Clause in Contracts

Borrowing Limit. The borrowing of the full amount available under the Finance Documents will not cause any limitation on the powers to borrow of any Borrower or on the powers to give a guarantee of any Guarantor or their respective directors to be exceeded.

Appears in 2 contracts

Sources: Bridge Facility Agreement (Koninklijke Numico Nv), Multicurrency Credit Agreement (Koninklijke Numico Nv)

Related Clauses

  • Borrowing
  • Procedure for Borrowing Swingline Loans
  • Disbursement of Revolving Credit and Swingline Loans
  • Borrowing Mechanics for Swing Line Loans
  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings

Parent Clauses

  • Representations and Warranties
  • Representations and Warranties of the Loan Parties
  • Mandatory Prepayments
  • Repayment and Prepayment of Revolving Credit Loans and Swingline Loans
  • Repayment and Prepayment of Revolving Credit and Swingline Loans

Sub-Clauses

  • Non-revolving credit
  • Revolving credit
  • Eligible Assets
  • Borrower Election to Convert to Leverage Ratio Test
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