Senior Debt Limit Sample Clauses

Senior Debt Limit. The aggregate amount of Revolving Extensions of Credit outstanding at any time does not exceed the Senior Debt Limit at such time.
Senior Debt Limit. In the absence of PFG’s consent, which shall be a matter of its sole business discretion, Borrower shall not permit the total Indebtedness of Borrower (whether by way of direct liability or obligations of another Group Member guaranteed by Borrower to Senior Lender), other than Non-Overdue Senior Monetary Obligations, to exceed the aggregate of (i) $6,000,000, whether under that certain Facility Agreement in effect on the Effective Date or otherwise (regardless of the amendment thereof or any other agreement for Indebtedness), plus (ii) an amount not to exceed RMB25 million under a credit facility made available by the Senior Lender to a PRC Subsidiary (collectively, the “Senior Debt Limit”), including, but not limited to, monies borrowed by Borrower, interest on loans due from Borrower (other than Non-Overdue Senior Monetary Obligations as aforesaid), Lender Expenses for which Borrower is obligated, sums due from Borrower in connection with issuance of commercial letters of credit, issuance of forward contracts for foreign exchange reserve, and any other direct or indirect financial accommodation Senior Lender may provide to Borrower.
Senior Debt Limit. Borrower shall not permit the total Indebtedness of Borrower to Senior Lender (including, but not limited to, monies borrowed by Borrower, interest on loans due from Borrower, fees and expenses for which Borrower is obligated, sums due from Borrower in connection with issuance of commercial letters of credit, issuance of forward contracts for foreign exchange reserve, and any other direct or indirect financial accommodation Senior Lender may provide to Borrower) to exceed: (i) with respect to Borrower’s term facility with the Senior Lender (the “SVB Term Loan”) the lesser of $10,000,000 and the principal amount at any time outstanding under the SVB Term Loan, plus (ii) with respect to Borrower’s revolving line of credit facility with the Senior Lender (the “SVB LOC”) the lesser of $15,000,000 and the aggregate of (A) outstanding borrowings under the SVB LOC, plus (B) such amount as Borrower is able to borrow under the SVB LOC at such time based on the borrowing base then in effect (collectively, the “Senior Debt Limit”), plus (iii) the amount of all unpaid interest, fees and other charges under the Senior Loan Documents.
Senior Debt Limit. Administrative Agent shall have received a certificate dated as of the date of any extension of credit (the "Senior Debt Certificate") of the chief financial officer or treasurer of the Company certifying: (a) the maximum amount of Indebtedness that the Company and its Subsidiaries may incur and secure pursuant to the terms of clause (i) of the definition of "Permitted Indebtedness" and clause (ii) of the definition of "Permitted Liens" under the 8-1/8% Note Indenture and the 8-3/8% Note Indenture, and the amount, if any, of Indebtedness (other than Indebtedness under this Agreement) that the Company or any of its Subsidiaries have incurred and/or secured by Liens as of such day that counts against the restrictions on the maximum amount of Indebtedness referred to in such clause (i); and (b) (x) the maximum amount of Indebtedness that the Company and its Subsidiaries may incur and secure pursuant to the terms of clause (i) of Section 4.9 of the 8-1/2% Note Indenture and the 7-7/8% Note Indenture and the amount of Indebtedness (other than Indebtedness under this Agreement) that the Company or any of its Subsidiaries have incurred and/or secured by Liens as of such day that counts against the restrictions on the maximum amount of Indebtedness referred to in such clause (i) and (y) the actual amount of Indebtedness, if any, incurred and secured by the Borrower under this Agreement which is permitted to be so incurred and secured under clause (b) of Section 4.9 of the 8-1/2% Note Indenture and the 7-7/8% Note Indenture. Each Senior Debt Certificate shall attach documentation demonstrating compliance with the Senior Debt Limit as may be requested by Administrative Agent, including satisfactory reports and appraisals supporting such calculation and copies of the reports and appraisals prepared by independent petroleum engineers and appraisers in connection with the determination of Adjusted Consolidated Net Tangible Assets pursuant to the Indentures as of the last day of the most recently ended fiscal year of the Company."
Senior Debt Limit. Section 6.8(c) of the Credit Agreement shall be replaced in its entirety with the following:
Senior Debt Limit. Borrower shall not permit the total principal amount of Indebtedness of all Obligors (collectively) to the Senior Lender to exceed $5,000,000 at any time outstanding; provided, however, if Borrower at any time exceeds EBITDA of $0 in each of three (3) consecutive months (which calculation shall include income and expense from Borrower’s 340B Business), then such cap shall no longer apply. Thereafter, if Obligors party to the Senior Loan Documents meet the borrowing availability conditions specified in the Senior Loan Documents as in their form on the Effective Date, such Indebtedness may not exceed the lesser of (i) the additional credit available from time to time under such Senior Loan Documents and (ii) the aggregate of (A) a principal amount of $25,000,000, plus (B) up to $1,000,000 in interest on loans due from Obligors, fees and expenses for which Obligors are obligated, sums due from Obligors in connection with the issuance of commercial letters of credit, issuance of forward contracts for foreign exchange reserve, and any other direct or indirect financial accommodation the Senior Lender may provide to Obligors (the “Senior Debt Limit”). In no event may the principal amount of Indebtedness of Obligors (in the aggregate) to the Senior Lender exceed $25,000,000 without PFG’s express consent, to be granted or withheld in its sole business judgment and discretion. (3)
Senior Debt Limit. 73 7.17. Preferred Stock Issuance......................................73