Common use of Lending Limits Clause in Contracts

Lending Limits. Borrower acknowledges, agrees and confirms that the obligations of all Lenders, including TFC, to make Loans under this Agreement to Borrower is limited to the lesser of: (i) the Borrowing Base or (ii) $30,000,000 (the "Maximum Available Revolving Amount"). Borrower further acknowledges, agrees and confirms that the obligation of each Lender, including TFC, to make loans hereunder to Borrower is limited to: (i) with respect to each Revolving Loan Advance hereunder, each Lender's Pro Rata Percentage of any such Advance hereunder and (ii) with respect to all Revolving Loan Advances made hereunder, such Lender's obligation hereunder shall be limited to its Commitment as set forth on Schedule A-2 hereto. Notwithstanding anything herein to the contrary, the maximum outstanding principal balance of the Loans, including the outstanding principal balances of the Acquisition/Construction Loan Component and the Revolving Loan Component, shall not exceed the Maximum Loan Amount at any time.

Lending Limits. Borrower acknowledges, agrees and confirms that the obligations obligation of all Lenders, including TFC, to make Loans Acquisition/Construction Loan Advances under this Agreement to the Borrower is limited to the lesser of: (i) 75% of the Borrowing Base aggregate of Total Acquisition Costs and Total Construction Costs as set forth in the Approved Budget; or (ii) $30,000,000 (the "Maximum Available Revolving Amount")11,800,000.00. Borrower further acknowledges, agrees and confirms that the obligation of each Lender, including TFC, to make loans hereunder to the Borrower is limited to: (i) with respect to each Revolving Loan Acquisition/Construction Advance hereunder, each Lender's Pro Rata Percentage of any such Acquisition/Construction Advance hereunder and (ii) with respect to all Revolving Loan Advances made hereunder, such Lender's obligation hereunder shall be limited to its Commitment as set forth on Schedule A-2 A-1 hereto, as hereafter amended from time to time. Notwithstanding anything herein to the contrary, the maximum outstanding principal balance of the Loans, including the outstanding principal balances of the Acquisition/Construction Loan Component and the Revolving Loan Component, shall not exceed $30,000,000 in the aggregate at any time (the "Maximum Loan Amount at any timeAmount").