Lending Amount definition

Lending Amount means, at any date for any Lender, the obligation of such Lender to make Loans pursuant to the terms and conditions of this Agreement, which shall not exceed the principal amount set forth opposite such Lender’s name under the heading “Lending Amount” on the signature pages of this Agreement or the principal amount set forth in the Assignment and Acceptance by which it became a Lender, as modified from time to time pursuant to the terms of this Agreement or to give effect to any applicable Assignment and Acceptance.
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Lending Amount means, at any date for any Lender, the obligation of such Lender to make Revolving Loans and to purchase participations in LC Obligations pursuant to the terms and conditions of this Agreement, which shall not exceed the principal amount set forth opposite such Lender’s name under the heading “Lending Amount” on the signature pages of this Agreement or the principal amount set forth in the Assignment and Acceptance by which it became a Lender, as modified from time to time pursuant to the terms of this Agreement or to give effect to any applicable Assignment and Acceptance. “Lending Amounts” means the aggregate principal amount of the Lending Amounts of all Lenders, the maximum amount of which on any date shall be $10,000,000.
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Examples of Lending Amount in a sentence

  • Subject to its receipt of notice from Agent of a Loan, each Lender shall timely honor its Lending Amount by funding its Pro Rata share of each Loan that is properly requested and that the Borrower is entitled to receive under this Agreement.

  • Each Lender agrees, severally to the extent of its Lending Amount and not jointly with the other Lenders, upon the terms and subject to the conditions set forth herein, to make Revolving Loans to Borrower on any Business Day if the Agent has agreed, in its discretion, to make such Loan.

  • Nothing contained in the previous sentence shall be construed to alter, limit or waive the discretionary nature of all Loans in general as set forth in the first paragraph of this Section 1.1. Each Lender agrees, severally to the extent of its Lending Amount and not jointly with the other Lenders, upon the terms and subject to the conditions set forth herein, to make Loans to the Borrower on any Business Day if the Agent has agreed, in its sole and absolute discretion, to make such Loan.

  • Subject to its receipt of notice from Agent of a Revolving Loan, each Lender shall timely honor its Lending Amount by funding its Pro Rata share of each Revolving Loan that is properly requested and that the Borrower is entitled to receive under this Agreement.