Common use of Maximum Commitment Amount Clause in Contracts

Maximum Commitment Amount. Borrower will not cause or permit the sum of (a) Outstanding Revolving Credit Loans and (b) the Maximum Drawing Amount, to exceed the Maximum Commitment Amount, without immediately paying down the Loans to the extent of such excess.

Appears in 1 contract

Sources: Credit Agreement (NVR Inc)

Maximum Commitment Amount. The Borrower will not cause or permit the sum of the (a) Outstanding Revolving Credit Loans under the Loan and (b) the Maximum Drawing Amount, to exceed the Maximum Commitment Revolver Amount, without immediately paying down the Loans to the extent of such excess.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Calton Inc)