Total Outstanding. At no time shall the City permit the sum of (i) the aggregate principal amount of all outstanding Commercial Paper Notes plus the amount of interest to accrue thereon to maturity, plus (ii) the aggregate outstanding principal amount of all Loans, plus (iii) the aggregate outstanding principal amount of all Direct Purchase Notes purchased by the Bank pursuant to the JPMorgan Note Purchase Agreement, to exceed the Commitment from time to time in effect.
Appears in 5 contracts
Samples: Revolving Credit Agreement, Revolving Credit Agreement, Revolving Credit Agreement
Total Outstanding. At no time shall the City permit the sum of (i) the aggregate principal amount of all outstanding Commercial Paper Notes plus the amount of interest to accrue thereon to maturityNotes, plus (ii) the aggregate outstanding principal amount of all LoansLoans (as defined in the JPMorgan Revolving Credit Agreement), plus (iii) the aggregate outstanding principal amount of all Direct Purchase Notes purchased by the Bank pursuant to the JPMorgan Note Purchase Agreement, hereunder to exceed the Commitment from time to time in effect.
Appears in 2 contracts
Total Outstanding. At no time shall the City permit the sum of (i) the aggregate principal amount of all outstanding Commercial Paper Notes plus the amount of interest to accrue thereon to maturity, plus (ii) the aggregate outstanding principal amount of all Loans, plus (iii) the aggregate outstanding principal amount of all Direct Purchase Notes purchased by the Bank pursuant to the JPMorgan Note Purchase Agreement, to exceed the Commitment from time to time in effect.
Appears in 1 contract
Samples: Revolving Credit Agreement
