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Common use of Borrowing Limit Clause in Contracts

Borrowing Limit. Such Borrower will not permit, at any time, the aggregate amount of its Loans outstanding under this Agreement plus its loans outstanding under the Other Credit Facility to exceed its Borrowing Limit.

Appears in 4 contracts

Sources: Credit Agreement (Usaa Tax Exempt Fund Inc), Credit Agreement (Usaa Mutual Fund Inc), Credit Agreement (Usaa State Tax Free Trust)

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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