No Term. Loan Advance shall be made if, after giving effect thereto, (i) the initial principal amount of such Term Loan Advance, plus the initial principal amount of all prior Term Loan Advances, would exceed $40,000,000, or (ii) the aggregate outstanding principal balance of all Term Loan Advances would exceed the Term Loan Collateral Value.
Appears in 2 contracts
Sources: Warehousing Credit, Term Loan and Security Agreement (Accredited Home Lenders Holding Co), Warehousing Credit, Term Loan and Security Agreement (Accredited Home Lenders Holding Co)