Common use of Maximum Aggregate Loan Amount Clause in Contracts

Maximum Aggregate Loan Amount. In no event shall (i) the combined unpaid principal balance of the Loan and the Receivables Loan exceed $45,000,000 or (ii) the unpaid principal balance of the Loan exceed $15,000,000. If at any time, either of the foregoing limitations are exceeded, then within 5 Business Days thereafter, Borrower will make a principal payment to Lender in an amount equal to such overage.

Appears in 2 contracts

Sources: Loan Agreement (BBX Capital Corp), Loan Agreement (BFC Financial Corp)