CFC Documents. With respect to each CFC Loan included or to be included in the Borrowing Base, the Borrower shall not and shall cause CFC not to (i) make or acquire any CFC Loan which together with then outstanding Eligible CFC Loans would in the aggregate exceed the lesser of (A) the principal amount of $50,000,000 or (B) 25% of the Borrowing Base as calculated and reported on the Borrower’s most recent Borrowing Base Certificate delivered to the Lenders, (ii) make any CFC Loan which by its original terms is payable more than 6 months after its original execution date or (iii) renew or extend any CFC Note evidencing a CFC Loan for more than 6 months.
Appears in 3 contracts
Sources: Uncommitted Credit Agreement (A-Mark Precious Metals, Inc.), Uncommitted Credit Agreement (A-Mark Precious Metals, Inc.), Uncommitted Credit Agreement (A-Mark Precious Metals, Inc.)