Loan Cap Amount definition

Loan Cap Amount means an amount equal to the sum of (a) $250,000,000 plus (b) the amount of all increases in the Revolving Credit Commitment occurring after the Second Amendment Effective Date which are applicable to the Loan Cap Amount pursuant to Section 5.14 minus the amount of all reductions of the Revolving Credit Commitment applicable to the Loan Cap Amount pursuant to Section 2.5(a).
View Source

Examples of Loan Cap Amount in a sentence

  • The parties acknowledge that the entire $50,000,000 of such Incremental Revolving Credit Commitments has been allocated to the Loan Cap Amount (such allocation being included within the increase to the Loan Cap Amount accomplished by the amendment to the definition of Loan Cap Amount referenced in Section 1(a) above), and no portion of such Incremental Revolving Commitments shall be allocated to the Seasonal Adjustment Amount.

  • The parties acknowledge that the entire $50,000,000 of such Incremental Revolving Credit Commitments has been allocated to the Loan Cap Amount (such allocation being reflected in the amendment to the definition of Loan Cap Amount referenced in Section 1(a) above), and no portion of such Incremental Revolving Commitments shall be allocated to the Seasonal Adjustment Amount.

  • Each reduction notice shall specify what portion, if any, of such reduction shall be applicable to the Seasonal Adjustment Amount and what portion, if any of such reduction shall be applicable to the Loan Cap Amount (such portions in the aggregate to add up to the aggregate amount of such reduction).