Maximum Loan Sample Clauses

The Maximum Loan clause sets a cap on the total amount of money that can be borrowed under a loan agreement. It specifies the highest principal sum the lender is obligated to provide, regardless of the borrower's requests or needs. For example, even if the borrower qualifies for more based on collateral or creditworthiness, the lender will not advance funds beyond this predetermined limit. This clause ensures both parties have a clear understanding of the financial boundaries of the agreement and protects the lender from overexposure while helping the borrower manage expectations.
Maximum Loan. (a) A loan to a Member may not exceed 50% of the then value of such Member's Vested Interest in his Accounts. (b) Paragraph (a) above to the contrary notwithstanding, the amount of a loan made to a Member under this Article shall not exceed an amount equal to the difference between: (1) The lesser of $50,000 (reduced by the excess, if any, of (A) the highest outstanding balance of loans from the Plan during the one-year period ending on the day before the date on which the loan is made over (B) the outstanding balance of loans from the Plan on the date on which the loan is made) or one-half of the present value of the Member's total nonforfeitable accrued benefit under all qualified plans of the Employer or a Controlled Entity; minus (2) The total outstanding loan balance of the Member under all other loans from all qualified plans of the Employer or a Controlled Entity.
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Maximum Loan. The maximum amount a Participant may borrow, including the outstanding balance of existing Plan loans, is 50% of his or her vested Account balances, not to exceed $50,000. However, the $50,000 maximum is reduced by the Participant’s highest outstanding loan balance during the 12 month period ending on the day before the day the loan is processed. For purposes of this paragraph, the qualified plans of all Related Companies shall be treated as though they are part of this Plan to the extent it would decrease the maximum loan amount.
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Maximum Loan. (a) A loan to a Member may not exceed 50% of the then value of such Member's Vested Interest in his Accounts (excluding his Member IRA ▇▇▇ount). (b) Paragraph (a) above to the contrary notwithstanding, the amount of a loan made to a Member under this Article shall not exceed an amount equal to the difference between: (1) The lesser of $50,000 (reduced by the excess, if any, of (A) the highest outstanding balance of loans from the Plan during the one-year period ending on the day before the date on which the loan is made over (B) the outstanding balance of loans from the Plan on the date on which the loan is made) or one-half of the present value of the Member's total nonforfeitable accrued benefit (excluding his Member IRA ▇▇▇ount) under all qualified plans of the Employer or a Controlled Entity; minus (2) The total outstanding loan balance of the Member under all other loans from all qualified plans of the Employer or a Controlled Entity."
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Maximum Loan. Subject to the terms of this Agreement, Lender shall make a loan (the "LOAN") to Borrower, in the aggregate maximum principal amount (the "PRINCIPAL") of
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Maximum Loan. BOTS reserves the right to set and change from time to time the maximum allowed Loan percentage per Trading Strategy.
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Maximum Loan. 17 Model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Mortgages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
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Maximum Loan. (a) A loan to a Member may not exceed 50% of the then value of such Member's Vested Interest in his Accounts and no loan may be made for an amount which would require the liquidation of a Member's Dow ESOP Account or the portion of a Member's Employer Contribution Account which is invested in the Company Stock Fund. (b) Paragraph (a) above to the contrary notwithstanding, the amount of a loan made to a Member under this Article shall not exceed an amount equal to the difference between: (1) The lesser of $50,000 (reduced by the excess, if any, of (A) the highest outstanding balance of loans from the Plan during the one-year period ending on the day before the date on which the loan is made over (B) the outstanding balance of loans from the Plan on the date on which the loan is made) or one-half of the present value of the Member's total nonforfeitable accrued benefit under all qualified plans of the Employer or a Controlled Entity; minus (2) The total outstanding loan balance of the Member under all other loans from all qualified plans of the Employer or a Controlled Entity.
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Maximum Loan 
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Related to Maximum Loan

  • Maximum Advances In the case of any type of Advance requested to be made, after giving effect thereto, the aggregate amount of such type of Advance shall not exceed the maximum amount of such type of Advance permitted under this Agreement. Each request for an Advance by any Borrower hereunder shall constitute a representation and warranty by each Borrower as of the date of such Advance that the conditions contained in this subsection shall have been satisfied.

  • 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.

  • Line of Credit Amount (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the “Facility No. 1 Commitment”) is Five Million and 00/100 Dollars ($5,000,000.00). (b) This is a revolving line of credit. During the availability period, the Borrower may repay principal amounts and reborrow them. (c) The Borrower agrees not to permit the principal balance outstanding to exceed the Facility No. 1

  • Maximum Lawful Rate It is the intention of the parties hereto that the interest on the Advances shall not exceed the maximum rate permissible under Applicable Law. Accordingly, anything herein or in any Note to the contrary notwithstanding, in the event any interest is charged to, collected from or received from or on behalf of the Borrower by the Lenders pursuant hereto or thereto in excess of such maximum lawful rate, then the excess of such payment over that maximum shall be applied first to the payment of amounts then due and owing by the Borrower to the Secured Parties under this Agreement (other than in respect of principal of and interest on the Advances) and then to the reduction of the outstanding principal amount of the Advances of the Borrower.

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.