Facility Limit definition
Facility Limit means $100,000,000 as reduced or increased from time to time pursuant to Section 2.02(e) or 2.02(h), as applicable. References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the sum of the Aggregate Capital plus the LC Participation Amount.
Facility Limit means at any time, the Aggregate Commitment, adjusted as necessary to give effect to the addition of any Lender Group that becomes party to this Agreement pursuant to a Joinder Agreement under Section 10.04, any increase or reduction by the Borrower pursuant to Section 2.03 or any assignment pursuant to Section 10.03.
Facility Limit means $150,000,000 as modified from time to time pursuant to Section 2.02. References to the unused portion of the Facility Limit means, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the Aggregate Capital at such time.
Examples of Facility Limit in a sentence
Each partial reduction shall be in a minimum aggregate amount of [***] or integral multiples of [***] in excess thereof; provided, however, that in no event shall the Facility Limit be reduced to less than [***].
Any request for a reduction in the Facility Limit shall be irrevocable.
Reductions of the Facility Limit pursuant to this Section 2.2(a) shall reduce the Lender Group Limit of each Lender Group on a pro rata basis such that, after giving effect to a reduction, each Lender Group’s Lender Group Share is unchanged and, within each Lender Group, on a pro rata basis among the Lenders in such Lender Group with outstanding Loans.
More Definitions of Facility Limit
Facility Limit means, at any time of determination, the aggregate Commitment of all Committed Purchasers, which as of the Closing Date is equal to $300,000,000, as reduced from time to time pursuant to Section 2.02(e). References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the Aggregate Capital.
Facility Limit means the sum of each of the Allocable Portion of Maximum Net Investment set forth opposite each Alternate Investor’s name on Schedule A attached hereto; provided that such amount may not at any time exceed the aggregate Commitments then in effect.
Facility Limit means $55,000,000, as such amount may be reduced pursuant to Section 1.1(c) of this Agreement or otherwise in connection with any Exiting Lender. References to the unused portion of the Facility Limit shall mean, at any time, the Facility Limit minus the sum of the then outstanding Aggregate Capital plus the LC Participation Amount.
Facility Limit means at any given time the lesser of:
Facility Limit means at any time the lesser of (i) $175,000,000 and (ii) the aggregate Commitments then in effect, as reduced in accordance with Section 2.16.
Facility Limit means $75,000,000 as adjusted from time to time pursuant to Section 2.02(e). References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus
Facility Limit means, at any time, the lesser of (a) the Aggregate Commitments at such time and (b) the Borrowing Base at such time.