Total Aggregate Facility Limit Sample Clauses
The Total Aggregate Facility Limit clause sets a maximum cap on the total amount of funds or credit that can be drawn or outstanding under a facility agreement at any given time. This limit applies collectively to all borrowers or participants, ensuring that the combined usage does not exceed the specified threshold. For example, if multiple loans or drawdowns are permitted under the facility, their total cannot surpass this aggregate limit. The core function of this clause is to control the lender's overall exposure and risk by preventing the total obligations from exceeding a predetermined amount.
Total Aggregate Facility Limit. Notwithstanding the Facilities herein, Borrower, Administrative Agent and each Lender acknowledge and agree that at no time shall the Aggregate Revolving Loan Facility, the Swingline Loan Facility, the Aggregate Floorplan Loan Facility, the Interim Floorplan Loan Facility, all unfunded Approvals, and the Letter of Credit Exposure exceed in the aggregate, Seventy-Five Million Dollars ($75,000,000) from February, 28, 2006 through Maturity (the “Total Aggregate Facility Limit”).”
Total Aggregate Facility Limit. Section 3.5 of the Original Credit Agreement is hereby deleted in its entirety and replaced with the following:
Total Aggregate Facility Limit. Section 3.6 of the Loan Agreement is deleted and replaced with the following:
Total Aggregate Facility Limit. Notwithstanding the Commitments herein or anything else contained in this Agreement or any of the other Loan Documents to the contrary, Borrower, Administrative Agent and each Lender acknowledge and agree that at no time shall the Aggregate Revolving Loan, the Swingline Loan, the Aggregate Floorplan Loan, the Interim Floorplan Loan, the Letter of Credit Exposure and all unfunded Approvals, exceed Sixty Eight Million Seven Hundred Thousand Dollars ($68,700,000) in the aggregate (the “Total Aggregate Facility Limit”).”
Total Aggregate Facility Limit. Notwithstanding the Facilities herein or anything else contained in this Agreement or any of the other Loan Documents to the contrary, except in connection with the Administrative Agent's ability in its sole discretion to make Loans or incur fees, costs and expenses to protect the Collateral or preserve its first priority perfected Security Interest in the Collateral, Borrower, Administrative Agent and each Lender acknowledge and agree that at no time shall the Aggregate Revolving Loan, the Swingline Loan, the Aggregate Floorplan Loan, the Interim Floorplan Loan, the Letter of Credit Exposure and all unfunded Approvals, exceed Twenty-Five Million Dollars ($25,000,000) in the aggregate (the “Total Aggregate Facility Limit”).”
Total Aggregate Facility Limit. Notwithstanding the Commitments herein or anything else contained in this Agreement or any of the other Loan Documents to the contrary, Borrower, Administrative Agent and each Lender acknowledge and agree that at no time shall the Aggregate Revolving Loan, the Swingline Loan, the Aggregate Floorplan Loan, the Interim Floorplan Loan, the Letter of Credit Exposure and all unfunded Approvals, exceed One Hundred Sixty Five Million Dollars ($165,000,000) in the aggregate (the "Total Aggregate Facility Limit").