Maximum Available Amount Sample Clauses

Maximum Available Amount. The Aggregate US Revolving Credit Exposure and the Aggregate Canadian Revolving Credit Exposure, after giving effect to such proposed Loan or Letter of Credit shall not exceed the US Maximum Available Amount and Canadian Maximum Available Amount, respectively, then in effect.
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Maximum Available Amount. Section II.C. is amended and restated in its entirety to read as follows:
Maximum Available Amount. At any time, the Total Outstandings to exceed the Maximum Available Amount at such time.
Maximum Available Amount. The Outstandings (excluding any Excess Overdraft Amounts) following the making of a Utilisation (including any Outstandings which are to be incurred between the date of delivery of the relevant Utilisation Request and the proposed Utilisation Date) must not exceed the Maximum Available Amount at such time as determined by the Facility Agent.
Maximum Available Amount. The Aggregate Revolving Credit Exposure, after giving effect to such proposed Loan or Letter of Credit, shall not exceed the Maximum Available Amount then in effect.
Maximum Available Amount. The maximum amount available to the Borrower from time to time under the Revolving Line of Credit Loan (the “Maximum Available Amount”) shall be $10,000,000.”
Maximum Available Amount. After giving effect to the making of such Revolving Loan or Swing Line Loan on the Funding Date thereof or the issuance of such Standby Letter of Credit on the issuance date thereof, the Total Outstanding Amount shall not exceed the Maximum Available Amount; and
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Maximum Available Amount. The Total Outstanding Amount shall not at any time exceed the Maximum Available Amount.
Maximum Available Amount. The maximum amount available to the BORROWER from time to time under the Revolving Line of Credit Loan (the “Maximum Available Amount”) shall be the lesser of (1) Five Million Dollars ($5,000,000.00) or (2) an amount equal to (a) Seventy Percent (70%) of Acceptable Accounts (as hereinafter defined) plus (b) the lesser of (i) One Million Dollars ($1,000,000.00), or (ii) Fifty Percent (50%) of Costs in Excess of Xxxxxxxx (as hereafter defined). For purposes of this Agreement, “Acceptable Accounts” shall mean those of BPG’s and its wholly owned subsidiaries’ accounts and accounts receivable as the BANK determines to be satisfactory, in the BANK's reasonable discretion and “Costs in Excess of Xxxxxxxx” shall mean the expected revenue to be generated pursuant to contracts for services performed or goods sold which have not yet been billed but would otherwise be deemed Acceptable Accounts once billed (“Revenue in Progress” or “RIP”) as the BANK determines to be satisfactory, in the BANK’s reasonable discretion. Subject to the foregoing, “Acceptable Accounts” and “Costs in Excess of Xxxxxxxx” shall not include any amounts subject to retainage or service charges or sales or other taxes and shall be limited to accounts and/or RIP: (i) which arise in the ordinary course of BPG’s and its wholly owned subsidiaries’ business from BPG’s and its wholly owned subsidiaries’ performance of services or sale of goods which have been performed or sold; (ii) which are less than one hundred twenty (120) days old from date of invoice (or date of performance of services or goods delivered with respect to RIP and Costs in Excess of Xxxxxxxx) (in the event that fifty percent (50%) of the accounts receivable from a particular account debtor are sixty (60) days or more old from invoice date, all of the accounts receivable from that particular account debtor shall be excluded from Acceptable Accounts and all of RIP with respect to that particular account debtor shall be excluded from Costs in Excess of Xxxxxxxx); (iii) which are not evidenced by a promissory note or other instrument; (iv) which are payable in U.S. Dollars; (v) which are owed by any customer whose principal place of business is within the United States; (vi) which are owed by any corporation or other entity other than one which is related to BORROWER, or is of common ownership with BORROWER, or could be treated as a member of the same controlled group of corporations of which BORROWER is a member; (vii) which constitute...
Maximum Available Amount. Section 1.1.29 of the Loan Agreement is hereby amended to increase the maximum available amount by $5,000,000 to $30,000,000.
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