Loan Cap means, at any time of determination, the lesser of (a) the Aggregate Commitments or (b) the Borrowing Base.
Loan Cap means, at any time of determination, the lesser of (a) the Total Commitments or (b) the Borrowing Base.
Loan Cap means, at any time of determination, an amount equal to the lesser of (a) the Aggregate Commitments under the Revolving Credit Facility at such time and (b) the Borrowing Base at such time.
Examples of Loan Cap in a sentence
The principal terms of Entrusted Loan Master Agreement are as follows: Date : 20 April 2016 Entrusted Loan Cap : Up to RMB180 million Interest rate : 17.0% per annum Loan period : As mentioned above Repayment : Customer A shall repay the interests on a monthly basis and the principal amount at the end of the loan period Security and guarantees : The pledge of the equity rights from the shareholder of the Customer A atfair value of approximately RMB232.7 million.
More Definitions of Loan Cap
Loan Cap means, at any time of determination, the lesser of (a) the Aggregate Commitments or (b) the Borrowing Base as determined based on the most recently delivered Borrowing Base Certificate, subject to any adjustments by Agent in its Permitted Discretion in accordance with the terms of this Agreement.
Loan Cap means as of any date of determination, “Loan Cap” (as such term is defined in the ABL Loan Agreement as in effect on the date hereof).
Loan Cap means, as of any date of determination, the lesser of (a) the Maximum Credit, and (b) the Borrowing Base as of such date of determination.
Loan Cap means, at any time, an amount equal to the lesser of (a) the Aggregate Borrowing Base as in effect at such time and (b) the aggregate Revolving Commitments in effect at such time.
Loan Cap means, at any time of determination, the lesser of (a) the Domestic Commitments or (b) the Domestic Borrowing Base.
Loan Cap means, at any time of determination, (i)[ if the Term Loan Draw Date occurs, from such date] until the repayment in full of the Term Loan, the sum of (a) the lesser of (x) the Aggregate Revolving Commitments or (y) the Aggregate Revolving Borrowing Base (as calculated without giving effect to the Term Loan Push Down Reserve), plus (b) the lesser of (x) the then outstanding amount of the Term Loan or (y) the Term Loan Borrowing Base, and (ii)[ until such time as the Term Loan Draw Date occurs, and in the event such date occurs,] after repayment in full of the Term Loan, the Revolving Loan Cap.