Class B Facility Limit definition

Class B Facility Limit means, for any day, the lesser of the Class B Borrowing Base and the Total Commitment on such day.

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Class B Facility Limit means $100,000,000. References to the unused portion of the Class B Facility Limit shall mean, at any time of determination, an amount equal to (x) the Class B Facility Limit at such time minus (y) the Aggregate Class B Loan Amount at such time.

Class B Facility Limit means $120,000,000.

Examples of Class B Facility Limit in a sentence

In no event may any Additional Class B Principal Amount be offered for purchase hereunder or under Section 12.6(a) of the Indenture, nor shall any Class B Purchaser be obligated to purchase any Additional Class B Principal Amount, to the extent that, after giving effect to such Additional Class B Principal Amount, the Class B Principal Balance would exceed the Class B Facility Limit.
In no event may any Additional Class B Principal Amount be offered for purchase hereunder or under Section 12.6 of the Indenture, nor shall any Class B Purchaser be obligated to purchase any Additional Class B Principal Amount, to the extent that, after giving effect to such Additional Class B Principal Amount, the Class B Principal Balance would exceed the Class B Facility Limit.

More Definitions of Class B Facility Limit

Class B Facility Limit means, on any date of determination, the sum of the Purchaser Commitment Amounts with respect to each of the Purchaser Groups and the Non-Conduit Committed Purchasers holding Class B Notes on such date. On the Closing Date, the Class B Facility Limit is $40,000,000.

Class B Facility Limit means (i) prior to the Termination Date, 102% of the Class B Maximum Net Investment and (ii) on and after the Termination Date, 102% of the Class B Net Investment outstanding as of the most recent Distribution Date; provided that such amount may not at any time exceed the aggregate Class B Commitments then in effect.

Class B Facility Limit means, at any time, the lesser of:

Class B Facility Limit means, for any day, the Total Commitment on such day.