Limitation on Amount of Advances. Notwithstanding anything in this Agreement to the contrary, the aggregate principal amount of the Revolving Credit Advances made by any Bank at any time outstanding shall not exceed the amount of its respective Commitment as of the date any such Advance is made, provided, however, that the aggregate principal amount of Letter of Credit Advances outstanding at any time shall not exceed $10,000,000.
Limitation on Amount of Advances. Notwithstanding anything in this Agreement to the contrary:
Limitation on Amount of Advances. Notwithstanding anything in this Agreement to the contrary, (i) the Dollar Equivalent of the aggregate principal amount of the Revolving Credit Advances made or participated in by any Lender (which for any Lender includes all U.S. Advances and all Canadian Advances by such Lender, whether directly by such Lender or through an Affiliate of such Lender in the case of Canadian Advances) at any time outstanding shall not exceed the amount of its respective Revolving Credit Commitment as of the date any such Advance is made, (ii) the aggregate principal amount of Letter of Credit Advances outstanding at any time shall not exceed $30,000,000 (iii) the aggregate Dollar Equivalent of all Canadian Advances shall not exceed $40,000,000 at any time, (iv) the sum of the Dollar Equivalent of the aggregate Revolving Credit Advances plus the Dollar Equivalent of the aggregate amount of Unrestricted Guaranties shall not exceed the aggregate Revolving Credit Commitments, (v) the sum of the Dollar Equivalent of the aggregate Revolving Credit Advances, plus the aggregate Tooling Revolving Credit Loans, plus the aggregate Dollar Equivalent of the Unrestricted Guaranties, plus the outstanding Swingline Loans and plus the aggregate outstanding amount of the Mexican Facility Tranche A Loans shall not exceed the amount of the Borrowing Base, (vi) the aggregate principal amount of the Tooling Revolving Credit Loans made by any Lender at any time outstanding shall not exceed the amount of its respective Tooling Revolving Credit Commitment as of the date any such Loan is made, (vii) the aggregate Tooling Revolving Credit Loans shall not exceed the amount of the Tooling Revolving Credit Borrowing Base, and (viii) the principal amount of the Term Loan made by any Lender shall not exceed the amount of such Lenders Term Loan Commitment as of the date the Term Loan is made.
Limitation on Amount of Advances. Notwithstanding anything in this Agreement to the contrary, (i) the Dollar Equivalent to the aggregate principal amount of the Revolving Credit Advances made or participated in by any Lender (which for any Lender includes all U.S. Advances and all Canadian Advances by such Lender, which directly by such Lender or through an Affiliate of such Lender in the case of Canadian Advances) at any time outstanding shall not exceed the amount of its respective Commitment as of the date any such Advance is made, (ii) the aggregate principal amount of Letter of Credit Advances outstanding at any time shall not exceed $15,000,000, (iii) the aggregate Dollar Equivalent of all Canadian Advances shall not exceed $25,000,000 at any time, (iv) the sum of the Dollar Equivalent of the aggregate Advances plus the Dollar Equivalent of the aggregate amount of Unrestricted Guaranties shall not exceed the aggregate Commitments and (v) the sum of the Dollar Equivalent to the aggregate Advances plus the aggregate Dollar Equivalent of the Unrestricted Guaranties shall not exceed the amount of the Borrowing Base.
Limitation on Amount of Advances. Notwithstanding anything in this Agreement to the contrary, the aggregate principal amount of the Facility A Advances at any time outstanding to the Company hereunder shall not exceed the lesser of (i) the amount of the Borrowing Base at such time minus the aggregate outstanding amount of Facility C Advances at such time and (ii) the aggregate amount of the Facility A Commitments at such time, provided, however, that: (i) the aggregate amount of Facility A Letter of Credit Advances shall not exceed $3,000,000 at any time. Notwithstanding anything in this Agreement to the contrary, the aggregate principal amount of the Facility B Loans at any time outstanding to the Company shall not exceed the aggregate amount of the Facility B Commitments at such time provided, that any Facility B Loan repaid may not thereafter be reborrowed. Notwithstanding anything in this Agreement to the contrary, the aggregate principal amount of the Facility C Advances at any time outstanding to the Company hereunder shall not exceed the lesser of (i) the amount of the Borrowing Base at such time minus the aggregate outstanding amount of Facility A Advances at such time and (ii) the aggregate amount of the Facility C Commitments at such time
Limitation on Amount of Advances. Notwithstanding anything in this Agreement to the contrary, (i) the aggregate principal amount of the Advances made by any Bank at any time outstanding shall not exceed the amount of its respective Commitment as of the date any such Advance is made, provided, however, that the aggregate principal amount of Letter of Credit Advances outstanding at any time shall not exceed $5,000,000, and (ii) the aggregate principal amount of all Advances at any time outstanding shall not exceed the amount of the Borrowing Base as of the date of the Borrowing Base Certificate dated or next preceding the date any such Advance is made.
Limitation on Amount of Advances. Notwithstanding anything in this Agreement to the contrary, (i) the Dollar Equivalent of the aggregate principal amount of the Revolving Credit Advances made by any Bank at any time outstanding shall not exceed the amount of its respective Commitment as of the date any such Advance is made, (ii) the Dollar Equivalent of the aggregate principal amount of all Revolving Credit Advances at any time outstanding to any Borrower shall not exceed the amount set forth next to the name of such Borrower set forth on Schedule 1.1, and (iii) the Dollar Equivalent of the aggregate principal amount of Revolving Credit Advances and Swing Line Loans outstanding to the Borrowers shall not exceed the Aggregate Commitment, provided, however, that the Dollar Equivalent of the aggregate principal amount of Letter of Credit Advances outstanding at any time shall not exceed $10,000,000.
Limitation on Amount of Advances. Notwithstanding anything in this Agreement to the contrary, (i) the U.S. Dollar Equivalent of the aggregate principal amount of the U.S. Syndicated Loans, the Swingline Loans and the Letters of Credit at any time outstanding to the Company shall not exceed the aggregate U.S. Commitments of all Lenders as of the date any such Advance is made, provided, however, that the U.S. Dollar Equivalent of the aggregate Letters of Credit outstanding at any time shall not exceed $30,000,000 and the U.S. Dollar Equivalent of the aggregate of Swingline Loans at any time outstanding shall not exceed $20,000,000, (ii) the U.S. Dollar Equivalent of the Pro Rata Share of the aggregate U.S. Syndicated Loans, the Swingline Loans and the Letters of Credit of any U.S. Lender shall not exceed the U.S. Commitment of such U.S. Lender, (iii) the U.S. Dollar Equivalent of the aggregate Canadian Syndicated Loans of any Canadian Lender shall not exceed the Canadian Commitment of such Canadian Lender, (iv) the U.S. Dollar Equivalent of the aggregate Canadian Syndicated Loans of all Canadian Lenders will not exceed the amount of the aggregate Canadian Commitments that the Canadian Borrower has designated to the Agent as activated (the "Activated Aggregate Canadian Commitments"), and the Canadian Borrower can activate or de-activate the Canadian Commitments at any time provided that any such activation or de-activation shall be in increments of $5,000,000 and shall not exceed $15,000,000 in aggregate amount, shall be effective ten Business Days after notification by the Canadian Borrower to the Agent and shall not reduce the Activated Aggregate Canadian Commitments below the U.S. Dollar Equivalent of the aggregate Canadian Syndicated Loans of all Canadian Lenders, and (v) the aggregate principal amount of the U.S. Syndicated Loans, the Swingline Loans and the Letters of Credit will not exceed the difference of the aggregate U.S. Commitments minus the amount of the Activated Aggregate Canadian Commitments.
Limitation on Amount of Advances. Notwithstanding anything in this Agreement to the contrary, the aggregate principal amount of the Advances made by the Bank at any time outstanding shall not exceed the amount of the Commitment as of the date any such Advance is made, provided, however, that the aggregate principal amount of Letter of Credit Advances outstanding at any time shall not exceed $7,000,000. For purposes of this Agreement, a Letter of Credit Advance (i) shall be deemed outstanding in an amount equal to the sum of the maximum amount available to be drawn under the related Letter of Credit on or after the date of determination and on or before the stated expiry date thereof plus the amount of any draws under such Letter of Credit that have not been reimbursed as provided in Section 3.3 and (ii) shall be deemed outstanding at all times on and before such stated expiry date or such earlier date on which all amounts available to be drawn under such Letter of Credit have been fully drawn, and thereafter until all related reimbursement obligations have been paid pursuant to Section 3.3. As provided in Section 3.3, upon each payment made by the Bank in respect of any draft or other demand for payment under any Letter of Credit, the amount of any Letter of Credit Advance outstanding immediately prior to such payment shall be automatically reduced by the amount of each Revolving Credit Loan deemed advanced in respect of the related reimbursement obligation of the Company.
Limitation on Amount of Advances. The Dollar Amount of (i) the aggregate principal amount of the Post-Petition Advances at any time outstanding shall not exceed, at any time, the Borrowing Base, and (ii) the aggregate of all Loans (including Post-Petition Advances and Pre-Petition Loans at the time outstanding) shall not exceed the Revolving Loan Commitment; provided, further that (A) the aggregate principal amount of Letters of Credit issued on or after the Effective Date outstanding at any time shall not exceed the Letter of Credit Maximum, and (B) the aggregate principal amount of all Post-Petition Revolving Credit Advances outstanding at any time shall not exceed the Revolving Maximum as of such time. The Borrowers will use the proceeds of the Post-Petition Advances only to fund the amounts identified, and at the times specified, in the Budget, subject only to Permitted Variances. The Borrowers acknowledge and agree that the Agent and Banks have no obligation to fund (or allow the use of Post-Petition Loans to pay) any expenditures not included in the Budget.
