Line Cap definition
Line Cap means, as of any date of determination, the lesser of (a) the Maximum Revolver Amount, and (b) the Borrowing Base as of such date of determination.
Line Cap means at any time, the lesser of (i) the Aggregate Commitments and (ii) the then-applicable Borrowing Base.
Line Cap means, as of any date of determination, the lesser of the aggregate Revolving Credit Commitments and the Borrowing Base, each as then in effect.
Examples of Line Cap in a sentence
The Company will not permit Availability at any time to be less than the greater of (i) 10% of the Line Cap and (ii) $12,500,000.
More Definitions of Line Cap
Line Cap means an amount that is the lesser of (a) the Aggregate Commitments and (b) the then applicable Borrowing Base.
Line Cap means, at any time of determination, the lesser of (a) the Total Commitments or (b) the Combined Borrowing Base.
Line Cap means, at any time, the lesser of (x) the Total Revolving Commitment at such time and (y) the Borrowing Base at such time.
Line Cap means equal to an amount that is the lesser of (a) the aggregate amount of all Revolver Commitments and (b) the then applicable Borrowing Base.
Line Cap means, at any time, the lesser of the Aggregate Revolving Commitment and the Revolving Borrowing Base.
Line Cap means at any time, an amount equal to the lesser of (a) the Total Commitments and (b) the Borrowing Base.
Line Cap means, at any given time, the lesser of the Maximum Credit and the Borrowing Base then in effect.