Common use of Maximum Loan Balance Clause in Contracts

Maximum Loan Balance. Borrower agrees not to permit the outstanding principal balance of the Revolving Line plus the outstanding face amount of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed (such sum is the "Loan Balance"), to exceed the Commitment and is further subject to compliance with the Borrowing Base, defined hereinbelow.

Appears in 1 contract

Samples: Loan Agreement (Advanced Marketing Services Inc)

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Maximum Loan Balance. Borrower agrees not to permit the outstanding principal balance of the Revolving Line of Credit plus the outstanding face amount amounts of any letters of creditcredit under the subline facility, including amounts drawn on letters of credit and not yet reimbursed (such sum is being referred to herein as the "Loan Balance"), to exceed the Commitment and is further subject to compliance with the Borrowing Base, defined hereinbelowTotal Commitment.

Appears in 1 contract

Samples: Security Agreement (Titan Corp)

Maximum Loan Balance. Borrower agrees not to permit the outstanding principal balance of the Revolving Line of Credit plus the outstanding face amount amounts of any letters of creditcredit under the subline facility, including amounts drawn on letters of credit and not yet reimbursed to Bank (such sum is being referred to herein as the "Loan Balance"), to exceed the lesser of Total Commitment and is further subject to compliance with or the Borrowing Base, defined hereinbelow."

Appears in 1 contract

Samples: Construction Loan Agreement (Compass Plastics & Technologies Inc)

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Maximum Loan Balance. Borrower agrees not to permit the outstanding principal balance of the Revolving Line plus the outstanding face amount of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed Credit (such sum is the "Loan Balance"), ) to exceed the lesser of the Commitment and is further subject to compliance with or the Borrowing Base, defined hereinbelow.

Appears in 1 contract

Samples: Commercial Loan Agreement (Compass Plastics & Technologies Inc)

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