Limits on Advances. Agent shall not be required to advance funds: (i) for any category or line item of acquisition or construction cost in an amount greater than the amount specified therefor in the Project Budget (as defined in Section 7(A)(xiii) of the MLA); or (ii) for any services not yet performed or for materials or goods not yet incorporated into the Improvements or delivered to and properly stored on the Property. No advance hereunder shall exceed 100% of the aggregate costs actually paid or currently due and payable and represented by invoices accompanying a Request for Construction Loan Advance submitted pursuant to Section 9(B)(1) herein less the amount of retainage (“Retainage”) set out in the construction contract dated May 24, 2005 between the Company and Renewable Energy Group, and other construction contracts of the Company for the Improvements.
Limits on Advances. Each borrowing of (i) ABR Advances shall be in a minimum aggregate principal amount equal to $1,000,000 or such amount plus a whole multiple of $100,000 in excess thereof, or, if less, the Available Commitment Amount, and (ii) Eurodollar Advances shall be in an aggregate principal amount equal to $5,000,000 or such amount plus a whole multiple of $100,000 in excess thereof, or, if less, the Available Commitment Amount.
Limits on Advances. Each borrowing of (i) Prime Rate Loans shall be in a minimum aggregate principal amount equal to $1,000,000 or such amount plus a whole multiple of $100,000 in excess thereof, or, if less, the Available Commitment Amount, and (ii) LIBOR Loans shall be in an aggregate principal amount equal to $5,000,000 or such amount plus a whole multiple of $100,000 in excess thereof, or, if less, the Available Commitment Amount.
Limits on Advances. (SECTION 2.1). Borrower may request advances hereunder no more than two (2) times each calendar week.
Limits on Advances. Each of the following shall be true after giving effect to the requested Advance:
Limits on Advances. Notwithstanding any other term of this Agreement, a Borrower shall not request an Advance under any Credit Facility if, on the day notice of the Advance is given pursuant to Section 3.7(a) or Section 3.18(b), after giving effect to the Advance, (i) in the case of Facility A, the Canadian Dollar Amount of the principal amount of all Advances outstanding from the Lenders under Facility A would exceed the lesser of the then current Facility A Borrowing Base and the Total Commitment in respect of Facility A, (ii) in the case of Facility B, the US Dollar Amount of the principal amount of all Advances outstanding from the Lenders under Facility B would exceed the lesser of the then current Facility B Borrowing Base and the Total Commitment in respect of Facility B, or (iii) in the case of each of Facility A and Facility B, the Canadian Dollar Amount or US Dollar amount, as applicable, of the principal amount of all Advances outstanding from any Lender under such Credit Facility would exceed that Lender's Commitment under the Credit Facility. No Advance under any Credit Facility (other than an Advance in respect of a Hedge Agreement) shall have a Contract Period that extends beyond the Maturity Date of that Credit Facility.
Limits on Advances. Section 2.1(a) notwithstanding, under no circumstances shall (i) the Facility Outstanding Amount exceed the Maximum Note Principal Amount, or shall the Lender be obligated to make any Advance if after giving effect to such Advance the Facility Outstanding Amount would exceed the Maximum Note Principal Amount; (ii) the Facility Outstanding Amount exceeds the Facility Limit or the Borrowing Base; (iii) Lender be obligated to make any Advance if, after giving effect to such Advance, the Facility Outstanding Amount would exceed its Commitment Amount; and (iv) the Lender be obligated to make any Advance after the occurrence and during the continuation of Default or an Event of Default.
Limits on Advances. Notwithstanding any other term of this Agreement, the Borrower shall not request from any applicable Lender an Advance under a Credit Facility if, on the date a Notice of Borrowing is given pursuant to Section 3.9(1) or after giving effect to the Advance, the principal amount of all Advances Outstanding from such Lender would exceed such Lender’s applicable Commitment under such Credit Facility or the aggregate principal amount of all Advances Outstanding from all Lenders under such Credit Facility would exceed the applicable Commitment under such Credit Facility. In addition, the aggregate principal amount of Advances under each Credit Facility shall not at any time exceed the Total Commitment.
Limits on Advances. Notwithstanding any other terms of this Agreement, the Borrower shall not request or be entitled to receive from the Administrative Agent an Advance under the Credit Facility if, on the day notice of the Advance is given pursuant to Section 2.7(1) or after giving effect to the Advance, the US Dollar Amount of the principal amount of all Advances outstanding from any Lender would exceed the Commitment of the Lender, or if the aggregate US Dollar Amount of the principal amount of all outstanding Advances would exceed the Total Commitment.
Limits on Advances. Notwithstanding any other term of this Agreement, a Borrower shall not request from the Administrative Agent an Advance if, on the day notice of the Advance is given pursuant to Section 2.6(1), after giving effect to the Advance, the principal amount of all Advances outstanding from any Credit Facility Lender would exceed the Commitment of the Credit Facility Lender. No Advance shall have a term that extends beyond the Maturity Date.
