Loan Cap definition
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, 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.
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.
Examples of Loan Cap in a sentence
For the avoidance of doubt, any Affiliated Lender that provides any Incremental Loans shall be subject to the limitations on Affiliated Lenders set forth in Section 10.07(h) (including the Affiliated Lender Term Loan Cap).
More Definitions of Loan Cap
Loan Cap means, on any date of determination, an amount equal to the lesser of (a) the Maximum Revolver Amount and (b) the Combined Borrowing Base.
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 the U.S. Loan Cap or the Canadian Loan Cap, as the context may require.
Loan Cap means, at any time of determination, an amount with respect to the Revolving Credit Facility equal to the lesser of (a) the Aggregate Revolving Commitments at such time and (b) the Borrowing Base at such time.
Loan Cap means, at any time of determination, the lesser of (a) the Commitment and (b) the Borrowing Base.
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 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.