Maximum Loan Availability Sample Clauses

Maximum Loan Availability. Borrower will not at any time permit the aggregate principal amount of all outstanding Loans, together with the aggregate amount of all Letter of Credit Liabilities, to exceed the lesser of (a) Maximum Loan Availability at such time, or (b) the Commitment.
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Maximum Loan Availability. In order to decrease the Maximum Loan Availability, Section 1(u) of the Loan Agreement is revised by replacing the phrase "Seven Million Five Hundred Thousand Dollars ($7,500,000) with the phrase "Six Million Dollars ($6,000,000)".
Sample 1
Maximum Loan Availability. Notwithstanding any other provision of this Agreement, the aggregate principal amount of the Loans hereunder shall be determined at the sole discretion of the Lender and nothing herein shall obligate the Lender to Loan sums in excess of amounts previously loaned. Convertible Loan Agreement – BP (2014) 2
Sample 1
Maximum Loan Availability. In order to decrease the Maximum Loan Availability, Section 1(u) of the Loan Agreement is hereby revised by substituting the phrase "Seven and One-Half Million Dollars ($7,500,000)" for the phrase "Nine Million Dollars ($9,000,000)" in Subsection (a) of the section.
Sample 1
Maximum Loan Availability. Notwithstanding any other provision of this Agreement, the aggregate outstanding principal balance of the Loans shall not exceed the Maximum Loan Availability.
Sample 1
Maximum Loan Availability. Without in any way limiting the rights of the Lender under this Agreement or the Forbearance Letter, or the sole discretion of Lender to elect whether or not to make Advances, Section 1(u) of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
Sample 1
Maximum Loan Availability. Without in any way limiting the rights of the Lender under this Agreement or the Forbearance Letter, or the sole discretion of Lender to elect whether or not to make Advances, Section 1(u) of the Loan Agreement is hereby amended by replacing the phrase "Five Million Five Hundred Thousand Dollars ($5,500,000)" as follows:
Sample 1
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Related to Maximum Loan Availability

  • 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 Loan Amount “Maximum Loan Amount” has the meaning set forth in Section 2.1(a).

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

  • Excess Availability Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from July 25, 2016 through and including August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from August 30, 2016 through and including October 6, 2016, $13,000,000, (iii) as of any date of determination during the period from October 7, 2016 through and including October 13, 2016, $17,500,000, and (iv) as of any date of determination during the period from October 14, 2016 through and including December 31, 2016, $20,000,000.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • 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 "Commitment") is Twelve Million Dollars ($12,000,000).

  • Maximum Advance Amount The amount of an Advance requested by the Company shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the aggregate number of shares of Common Stock beneficially owned by the Investor and its affiliates to exceed nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company. For the purposes of this section beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Product Availability The Insurance Companies have qualified the Products for offer and sale under the applicable insurance laws of various states and other jurisdictions. Producers and Registered Representatives shall solicit applications for the Products only in states and jurisdictions where such Products have been so qualified. Producers shall, upon request, be provided with a list of those states and jurisdictions in which the Products have been qualified for sale. The Insurance Companies shall file and make all statements or reports as are or may be required by the laws of such state or jurisdiction to maintain these qualifications in effect.

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