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”).”
Appears in 1 contract
Sources: Credit Facilities Agreement (MTM Technologies, Inc.)
Total Aggregate Facility Limit. Notwithstanding the Facilities Commitments 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 ’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 Thirty Four Million Dollars ($25,000,00034,000,000) in the aggregate (the “Total Aggregate Facility Limit”).”
Appears in 1 contract
Sources: Credit Facilities Agreement (MTM Technologies, Inc.)