Maximum Line Amount Sample Clauses

The Maximum Line Amount clause sets a cap on the total amount of credit or funds that can be drawn or utilized under a particular agreement or facility. In practice, this means that the borrower cannot access more than the specified maximum, regardless of their needs or requests, and any requests exceeding this limit will be denied. This clause is essential for managing the lender's risk exposure and ensuring that the financial obligations remain within agreed boundaries.
Maximum Line Amount. Section 1.1(bbb) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
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Maximum Line Amount. At no such time shall the Initial Advance and all Subsequent Advances collectively exceed the Maximum Line Amount.
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Maximum Line Amount. The Maximum Line Amount will be $20,000,000 unless decreased in accordance with Section 2.21 or Section 6.25.
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Maximum Line Amount. The aggregate Principal Amount of Advances outstanding under the Line of Credit, together with the Aggregate Letter of Credit Exposure, shall not at any time exceed the Maximum Line Amount.
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Maximum Line Amount. Twenty-Five Million Dollars ($25,000,000)
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Related to Maximum Line Amount

  • Maximum Credit Patheon's liability for Active Materials calculated in accordance with this Section 2.2 for any Product in a Year will not exceed, in the aggregate, the Maximum Credit Value set forth in Schedule D to a Product Agreement.

  • Maximum Drawing Amount The maximum aggregate amount that the beneficiaries may at any time draw under outstanding Letters of Credit, as such aggregate amount may be reduced from time to time pursuant to the terms of the Letters of Credit.

  • Loan Amount 5. ACCOUNT NAME(S) ............................................................................................................................................................................. BANK NAME / BRANCH ..................................................................................................................................................................

  • Maximum Commitment The maximum aggregate amount payable by NYSERDA to the Contractor shall be the amount appearing at Item 5 of page one of this Agreement. NYSERDA shall not be liable for any costs or expenses in excess of such amount incurred by the Contractor in the performance and completion of the Work.

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.