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.

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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, 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.

Examples of Facility Limit in a sentence

Each partial reduction in the Facility Limit shall be in a minimum aggregate amount of $5,000,000 or integral multiples of $1,000,000 in excess thereof, and, unless terminated in whole, the Facility Limit shall in no event be reduced below $100,000,000.
If PNC is a Committed Purchaser (and is not a Defaulting Purchaser) at the time of such request, the Seller shall request that PNC’s Commitment be increased such that PNC’s Commitment, expressed as a percentage of the Facility Limit, does not decrease as a result of the Seller’s requested increase in the Facility Limit, and PNC shall have the right (but no obligation) to increase its Commitment by such amount.
If the Seller elects to increase the Facility Limit in accordance with this clause (g), the Seller shall pay to each Purchaser an “Accordion Closing Fee” as set forth in the Fee Letter on the relevant Facility Increase Effective Date.
Any such increase in the Facility Limit shall become effective on the applicable Facility Increase Effective Date, and on such Facility Increase Effective Date, each Purchaser’s Commitment (if any) shall be increased by an amount equal to the product of (x) such Purchaser’s Accordion Commitment Percentage multiplied by (y) the amount by which the Facility Limit is increased on such date.
In connection with any partial reduction in the Facility Limit, the Commitment of each Purchaser shall be ratably reduced.

More Definitions of Facility Limit

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.

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 $250,000,000 as reduced from time to time pursuant toSection 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 at such time.

Facility Limit means, at any time, the lesser of (a) the Aggregate Commitments at such time and (b) the Borrowing Base at such time.