{"component": "clause", "props": {"groups": [{"samples": [{"hash": "hc7vePDs41p", "uri": "/contracts/hc7vePDs41p#maximum-borrowings", "label": "Credit Agreement (DPL Inc)", "score": 21.1149902344, "published": true}, {"hash": "lXizzwTSbdH", "uri": "/contracts/lXizzwTSbdH#maximum-borrowings", "label": "Credit Agreement (American Dental Partners Inc)", "score": 21.0, "published": true}, {"hash": "btJHwLGcibG", "uri": "/contracts/btJHwLGcibG#maximum-borrowings", "label": "Credit Agreement", "score": 20.1911468506, "published": true}], "size": 74, "snippet_links": [{"key": "by-the-borrower", "type": "clause", "offset": [40, 55]}, {"key": "provided-that", "type": "clause", "offset": [68, 81]}, {"key": "single-day", "type": "clause", "offset": [127, 137]}, {"key": "consist-of", "type": "clause", "offset": [159, 169]}, {"key": "eurodollar-loans", "type": "clause", "offset": [170, 186]}, {"key": "initial-interest-period", "type": "definition", "offset": [231, 254]}, {"key": "outstanding-hereunder", "type": "definition", "offset": [336, 357]}], "snippet": "More than one Borrowing may be incurred by the Borrower on any day, provided that (i) if there are two or more Borrowings on a single day by the Borrower that consist of Eurodollar Loans, each such Borrowing shall have a different initial Interest Period, and (ii) at no time shall there be more than six Borrowings of Eurodollar Loans outstanding hereunder.", "hash": "77f8a0c1ad389b248c0c8c488ec34918", "id": 1}, {"samples": [{"hash": "1i6c9hjyUI5", "uri": "/contracts/1i6c9hjyUI5#maximum-borrowings", "label": "Credit Agreement (Circor International Inc)", "score": 32.6043815613, "published": true}, {"hash": "5x4xYlhumD6", "uri": "/contracts/5x4xYlhumD6#maximum-borrowings", "label": "Credit Agreement (Circor International Inc)", "score": 31.2792606354, "published": true}, {"hash": "jqNrQIwVVOA", "uri": "/contracts/jqNrQIwVVOA#maximum-borrowings", "label": "Credit Agreement (Circor International Inc)", "score": 30.9726219177, "published": true}], "size": 13, "snippet_links": [{"key": "by-the-borrower", "type": "clause", "offset": [40, 55]}, {"key": "single-day", "type": "clause", "offset": [137, 147]}, {"key": "consist-of", "type": "clause", "offset": [169, 179]}, {"key": "fixed-rate-loans", "type": "definition", "offset": [180, 196]}, {"key": "initial-interest-period", "type": "definition", "offset": [241, 264]}, {"key": "outstanding-hereunder", "type": "definition", "offset": [344, 365]}, {"key": "two-borrowings", "type": "clause", "offset": [409, 423]}, {"key": "swing-loans", "type": "clause", "offset": [427, 438]}, {"key": "borrowings-outstanding", "type": "clause", "offset": [510, 532]}], "snippet": "More than one Borrowing may be incurred by the Borrower on any day; provided, however, that (i) if there are two or more Borrowings on a single day by the Borrower that consist of Fixed Rate Loans, each such Borrowing shall have a different initial Interest Period, (ii) at no time shall there be more than seven Borrowings of Fixed Rate Loans outstanding hereunder, (iii) at no time shall there be more than two Borrowings of Swing Loans outstanding hereunder, and (iv) at no time shall there be more than 10 Borrowings outstanding hereunder.", "hash": "4324361ef234fade8014673a30d6e633", "id": 2}, {"samples": [{"hash": "iS5wY3tTRmw", "uri": "/contracts/iS5wY3tTRmw#maximum-borrowings", "label": "Credit Agreement (American Greetings Corp)", "score": 25.6899375916, "published": true}, {"hash": "36qWCUYp2qn", "uri": "/contracts/36qWCUYp2qn#maximum-borrowings", "label": "Credit Agreement (American Greetings Corp)", "score": 25.0739212036, "published": true}, {"hash": "aiJpMpXIsIo", "uri": "/contracts/aiJpMpXIsIo#maximum-borrowings", "label": "Credit Agreement (American Greetings Corp)", "score": 24.6139621735, "published": true}], "size": 9, "snippet_links": [{"key": "single-day", "type": "clause", "offset": [135, 145]}, {"key": "consist-of", "type": "clause", "offset": [172, 182]}, {"key": "fixed-rate-loans", "type": "definition", "offset": [183, 199]}, {"key": "initial-interest-period", "type": "definition", "offset": [244, 267]}, {"key": "outstanding-hereunder", "type": "definition", "offset": [344, 365]}, {"key": "the-borrowers", "type": "definition", "offset": [377, 390]}, {"key": "canadian-revolving-loans", "type": "definition", "offset": [458, 482]}], "snippet": "More than one Borrowing may be incurred by a Borrower on any day; provided, however, that (i) if there are two or more Borrowings on a single day by the same Borrower that consist of Fixed Rate Loans, each such Borrowing shall have a different initial Interest Period, (ii) at no time shall there be more than 12 Borrowings of Fixed Rate Loans outstanding hereunder for all of the Borrowers, and (iii) at no time shall there be more than three Borrowings of Canadian Revolving Loans outstanding hereunder.", "hash": "af58f341207f80237412758262b60dad", "id": 3}, {"samples": [{"hash": "768a4NuSIl2", "uri": "/contracts/768a4NuSIl2#maximum-borrowings", "label": "Credit Agreement (Builders FirstSource, Inc.)", "score": 36.3867225647, "published": true}, {"hash": "lJCdORsPtXI", "uri": "/contracts/lJCdORsPtXI#maximum-borrowings", "label": "Credit Agreement (Builders FirstSource, Inc.)", "score": 34.3333320618, "published": true}, {"hash": "jZV7DYemm1O", "uri": "/contracts/jZV7DYemm1O#maximum-borrowings", "label": "Credit Agreement (Builders FirstSource, Inc.)", "score": 34.0595474243, "published": true}], "size": 9, "snippet_links": [{"key": "by-the-borrower", "type": "clause", "offset": [40, 55]}, {"key": "loans-outstanding", "type": "definition", "offset": [161, 178]}, {"key": "this-agreement", "type": "clause", "offset": [185, 199]}], "snippet": "More than one Borrowing may be incurred by the Borrower on any day; provided, however, that at no time shall there be more than ten (10) Borrowings of Term SOFR Loans outstanding under this Agreement.", "hash": "1d2414f9216ee48e135e8b86822e76ce", "id": 4}, {"samples": [{"hash": "fnV5Oy1rt2s", "uri": "/contracts/fnV5Oy1rt2s#maximum-borrowings", "label": "Credit Agreement (Kona Grill Inc)", "score": 25.8624229431, "published": true}], "size": 3, "snippet_links": [{"key": "by-the-borrower", "type": "clause", "offset": [40, 55]}, {"key": "single-day", "type": "clause", "offset": [137, 147]}, {"key": "consist-of", "type": "clause", "offset": [169, 179]}, {"key": "libor-rate-loans", "type": "definition", "offset": [180, 196]}, {"key": "initial-interest-period", "type": "definition", "offset": [241, 264]}, {"key": "outstanding-hereunder", "type": "definition", "offset": [351, 372]}], "snippet": "More than one Borrowing may be incurred by the Borrower on any day; provided, however, that (i) if there are two or more Borrowings on a single day by the Borrower that consist of LIBOR Rate Loans, each such Borrowing shall have a different initial Interest Period, and (ii) at no time shall there be more than five (5) Borrowings of LIBOR Rate Loans outstanding hereunder.", "hash": "c6ebb843867b025eef1700aa6bd36205", "id": 5}, {"samples": [{"hash": "kUgIZlxtLEt", "uri": "/contracts/kUgIZlxtLEt#maximum-borrowings", "label": "Credit Agreement (Private Business Inc)", "score": 21.0, "published": true}], "size": 2, "snippet_links": [{"key": "not-to-permit", "type": "clause", "offset": [16, 29]}, {"key": "principal-balance-outstanding", "type": "clause", "offset": [34, 63]}, {"key": "the-revolving-commitment", "type": "clause", "offset": [74, 98]}, {"key": "if-borrower", "type": "clause", "offset": [100, 111]}, {"key": "borrower-will", "type": "clause", "offset": [146, 159]}, {"key": "the-excess", "type": "clause", "offset": [176, 186]}, {"key": "to-lender", "type": "clause", "offset": [187, 196]}, {"key": "interest-to-accrue", "type": "clause", "offset": [202, 220]}, {"key": "default-rate", "type": "definition", "offset": [228, 240]}], "snippet": "Borrower agrees not to permit the principal balance outstanding to exceed the Revolving Commitment. If Borrower exceeds the Revolving Commitment, Borrower will immediately pay the excess to Lender with interest to accrue at the Default Rate.", "hash": "6ea8650930671fa238fa170836739488", "id": 6}, {"samples": [{"hash": "6tcsPp25WVd", "uri": "/contracts/6tcsPp25WVd#maximum-borrowings", "label": "Credit Agreement (Nn Inc)", "score": 25.6680355072, "published": true}], "size": 1, "snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [43, 56]}, {"key": "single-day", "type": "clause", "offset": [138, 148]}, {"key": "consist-of", "type": "clause", "offset": [171, 181]}, {"key": "initial-interest-period", "type": "definition", "offset": [238, 261]}, {"key": "libor-loans-outstanding", "type": "clause", "offset": [332, 355]}, {"key": "credit-facility", "type": "clause", "offset": [372, 387]}, {"key": "the-us", "type": "clause", "offset": [443, 450]}], "snippet": "More than one Borrowing may be incurred by the Borrowers on any day; provided, however, that (i) if there are two or more Borrowings on a single day by the Borrowers that consist of LIBOR Loans, each such Borrowing shall have a different initial Interest Period, and (ii) at no time shall there be more than (A) three Borrowings of LIBOR Loans outstanding under the Dutch Credit Facility or (B) six Borrowings of LIBOR Loans outstanding under the U.S. Credit Facility.", "hash": "b6a2b7b6428f9f391bd8c5b02d18f50f", "id": 7}, {"samples": [{"hash": "hrfuw2KyLpQ", "uri": "/contracts/hrfuw2KyLpQ#maximum-borrowings", "label": "Credit Agreement (Peabody Energy Corp)", "score": 26.2806301117, "published": true}], "size": 1, "snippet_links": [{"key": "two-borrowings", "type": "clause", "offset": [14, 28]}, {"key": "the-borrowers", "type": "definition", "offset": [48, 61]}, {"key": "calendar-month", "type": "clause", "offset": [73, 87]}], "snippet": "Not more than two Borrowings may be incurred by the Borrowers during any calendar month.", "hash": "eabbc9db1380e17c95061be417a8ab70", "id": 8}, {"samples": [{"hash": "asFYHmkX6SP", "uri": "/contracts/asFYHmkX6SP#maximum-borrowings", "label": "Credit Agreement (Minrad International, Inc.)", "score": 19.0, "published": true}], "size": 1, "snippet_links": [{"key": "by-the-borrower", "type": "clause", "offset": [40, 55]}], "snippet": "More than one Borrowing may be incurred by the Borrower on any day.", "hash": "b0ae012d3e80435de38904ea44349ced", "id": 9}, {"samples": [{"hash": "d5FmkDuchle", "uri": "/contracts/d5FmkDuchle#maximum-borrowings", "label": "Revolving Credit Agreement (Nutramax Products Inc /De/)", "score": 18.0, "published": true}], "size": 1, "snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [0, 13]}, {"key": "sum-of", "type": "clause", "offset": [35, 41]}, {"key": "outstanding-loans", "type": "clause", "offset": [46, 63]}, {"key": "letters-of-credit", "type": "definition", "offset": [74, 91]}, {"key": "week-ending", "type": "definition", "offset": [169, 180]}, {"key": "maximum-amount", "type": "definition", "offset": [181, 195]}], "snippet": "The Borrowers shall not permit the sum of the Outstanding Loans made, and Letters of Credit issued, hereunder to exceed the following amounts as of the following dates: Week Ending Maximum Amount May 5, 2000 $2,250,000 May 12, 2000 $3,000,000 May 19, 2000 $3,000,000 May 26, 2000 $4,000,000 June 2, 2000 $4,000,000 June 9, 2000 $4,500,000 June 16, 2000 $4,500,000 June 23, 2000 $5,000,000", "hash": "69e25b7d37184bee5655d18071ca61be", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhttYXhpbXVtLWJvcnJvd2luZ3MjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["notice-to-lenders", "Notice to Lenders"], ["several-nature-of-funding-obligations", "Several Nature of Funding Obligations"], ["funding-of-loans", "Funding of Loans"], ["borrowings-pro-rata", "Borrowings Pro Rata"], ["swing-loans", "Swing Loans"]], "title": "Maximum Borrowings", "parents": [["notice-of-borrowing", "Notice of Borrowing"], ["the-terms-of-the-credit-facility", "The Terms of the Credit Facility"], ["miscellaneous", "Miscellaneous"], ["borrowing-continuation-or-conversion-of-loans", "Borrowing Continuation or Conversion of Loans"], ["amount-and-terms-of-loans", "Amount and Terms of Loans"]], "size": 117, "id": "maximum-borrowings", "related": [["maximum-borrowing-amounts", "Maximum Borrowing Amounts", "Maximum Borrowing Amounts"], ["minimum-borrowing-amounts-maximum-eurodollar-loans", "Minimum Borrowing Amounts; Maximum Eurodollar Loans", "Minimum Borrowing Amounts; Maximum Eurodollar Loans"], ["minimum-borrowing-amount", "Minimum Borrowing Amount", "Minimum Borrowing Amount"], ["the-revolving-credit-borrowings", "The Revolving Credit Borrowings", "The Revolving Credit Borrowings"], ["minimum-amount-of-each-borrowing-maximum-number-of-borrowings", "Minimum Amount of Each Borrowing; Maximum Number of Borrowings", "Minimum Amount of Each Borrowing; Maximum Number of Borrowings"]], "related_snippets": [], "updated": "2025-11-05T05:44:28+00:00", "also_ask": [], "drafting_tip": "", "explanation": "The Maximum Borrowings clause sets a cap on the total amount of money a borrower can owe under a loan agreement at any given time. This limit applies to all outstanding loans, advances, or credit extensions provided by the lender, ensuring that the borrower cannot exceed a predetermined borrowing threshold. By establishing this ceiling, the clause helps manage the lender\u2019s risk exposure and provides clear boundaries for the borrower\u2019s financial obligations."}, "json": true, "cursor": ""}}