Maximum Credit Facility Amount Sample Clauses
The Maximum Credit Facility Amount clause sets a cap on the total amount of credit that a lender is obligated to provide to a borrower under a credit agreement. This clause specifies the upper limit of funds available, regardless of the borrower's requests or needs, and applies to all advances or drawdowns made under the facility. By clearly defining the maximum exposure, it protects the lender from overextension and provides certainty to both parties regarding the financial boundaries of the arrangement.
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Maximum Credit Facility Amount. Notwithstanding anything to the contrary in this Agreement, in no event shall the total of the outstanding Account Advances exceed Three Million and No/100 Dollars ($3,000,000) at any one time (“Maximum Credit Facility Amount”), and Client shall immediately pay to Factor any and all amounts necessary to reduce the aggregate outstanding Account Advances below such limit.
Maximum Credit Facility Amount. Notwithstanding anything to the contrary in this Agreement or any other Credit Document, in no event shall the Bank be obligated to make any Advances in excess of the Borrowing Limit.
Maximum Credit Facility Amount.
A. As at any date, the aggregate outstanding principal amount of all Advances made by MBL to Borrower hereunder (together with accrued and unpaid interest thereon) shall not exceed TWENTY MILLION United States Dollars (US$20,000,000.00).
B. Without limiting Section III.A above, as at any date, the aggregate outstanding principal amount of all Advances made by MBL to Borrower hereunder and used or applied to fund Non-IM Obligations (together with accrued and unpaid interest thereon) shall not exceed SEVEN MILLION FIVE HUNDRED THOUSAND United States Dollars (US$7,500,000.00).
C. If any time the aggregate outstanding principal amount of Advances (together with accrued and unpaid interest thereon) exceeds the limits set forth in Section III.A or III.B above, Borrower shall immediately make a payment to MBL to reduce such amount below such limits.