Examples of Facility Limit in a sentence
REPRESENTATIONS Each Borrower Party represents, as of the Closing Date, each Utilization Date, and the date of each Facility Limit increase, that: 6.1 Equity Interests and Capital Commitments (a) Subscription Documents (i) The Fund Documents set forth the entire agreement regarding each Investor’s Capital Commitment.
The Seller shall pay to the Purchaser on each Settlement Date a non-utilization fee equal to the sum of the amounts calculated for each day during the Settlement Period ending immediately prior to such Settlement Date which is equal to (x) 0.375%, multiplied by (y) the amount, if any, by which the Facility Limit exceeds the Aggregate Net Investment on such day and divided by (z) 365.
Administrative Fee Maturity Date A non-refundable fee equal to 0.20% of the Facility Limit annually, payable to the Administrative Agent in 4 quarterly installments of 0.05% in arrears.
If on any date after the date hereof the Facility Limit is increased, the Seller shall pay to the Agent, for its sole account, on the date of such increase, a fully-earned and non-refundable renewal fee equal to the product of the amount of such increase and 0.05% per annum for the period from the date of such increase to the Commitment Maturity Date.
Facility Availability The lesser of: (a) the Facility Limit; and (b) Borrowing Base Availability, minus: (i) the Primary Obligations; and (ii) the aggregate amount of any requested Utilizations.