Margin Limit Sample Clauses

Margin Limit. The Margin Limit shall be calculated as the aggregate of the lesser of (i) the items in the described margin category, less the deductions shown, multiplied by the Advance Rate and (ii) the Cap for each of the margin categories shown. Margin Reporting: Information is required within 25 days after month-end, unless otherwise advised. Documentation Frequency Borrowering Base Certificate Monthly LF985 Dec 2018 Page 2 of 11 Aged Accounts Receivable Listing - CAD Monthly Aged Accounts Receivable Listing - USD Monthly Aged Accounts Payable Listing - CAD Monthly Aged Accounts Payable Listing - USD Monthly Inventory Listing Monthly Non-Std Margin Category and Description Deduction Advance Rate % Cap No Lender's estimated worth of good quality assigned (hypothecated) CAD and USD domiciled accounts receivable. - Past due 61 days or more - doubtful accounts - accounts in dispute - intercompany accounts - prior claims - contra accounts - holdbacks - progress bxxxxxxx, lienable accounts payable 75% N/A No Lender's valuation of assigned (hypothecated) finished goods inventory located in British Columbia, District of Columbia, State of Delaware, and State of California. - obsolete inventory - advance payments - prior claims (if not deducted from accounts receivable) - work-in-progress - unsaleable inventory 50% N/A Yes Unmargined Portion: First $5,000,000.00 to be un-margined. Remaining $3,000,000.00 to be margined against Accounts Receivable and Inventory per standard definition 0% $5.0 Million Facility # 2 (Existing) Facility Authorization: $20,000.00 USD Type of Loan: Corporate MasterCard®* Purpose: Operating Financing
Sample 1
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Margin Limit. 2.1.1 SoFi HK may grant you Margin Loan of such amount up to the Margin Limit as may be notified to you from time to time. The Margin Limit available to you and the Margin Ratio may be varied by notice by SoFi HK from time to time. Notwithstanding the Margin Limit as notified to you, SoFi HK may at its discretion extend Margin Loan to you in excess of the Margin Limit and you agree that you shall be liable to repay the full amount of any Margin Loan given by SoFi HK.
Sample 1

Related to Margin Limit

  • Maximum Loan Amount No loan to a Participant under the Plan may exceed the lesser of:

  • Maximum Advance Amount The amount of an Advance requested by the Company shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the aggregate number of shares of Common Stock beneficially owned by the Investor and its affiliates to exceed nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company. For the purposes of this section beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.

  • Maximum Amount In consideration of the services to be performed by Contractor, the State agrees to pay Contractor, in accordance with the payment provisions specified in Attachment B, a sum not to exceed $250,000.00.

  • Maximum Credit Patheon's liability for Active Materials calculated in accordance with this Section 2.2 for any Product in a Year will not exceed, in the aggregate, the Maximum Credit Value set forth in Schedule D to a Product Agreement.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Commitment Amount With respect to any Portfolio Asset that is a Delayed-Draw Loan as of any date of determination, the maximum outstanding principal amount of such Portfolio Asset that a registered holder of the amount of such Portfolio Asset held by the Issuer would on such date be obligated to fund (including all amounts previously funded and outstanding, whether or not such amounts, if repaid, may be reborrowed).

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Minimum Amounts; Limitation on Number of Borrowings At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $1,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e). Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of 8 Eurodollar Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

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