Loan Limit definition

Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).
Loan Limit for any member means the maximum amount permitted to be outstanding at one time on loans made by such member to a corporation as determined under the provisions of this article.
Loan Limit means, as to each Borrower, at any time, the amount equal to the Maximum Credit minus the then outstanding principal amount of the Loans and the Letter of Credit Accommodations provided to the other Borrowers.

Examples of Loan Limit in a sentence

  • In determining Single Borrower Exposure/Large Loan Limit, the instructions of Bangladesh Bank are strictly followed.The entire credit approval process ensures accountability for decisions taken.


More Definitions of Loan Limit

Loan Limit means, for a member, the maximum amount subject to loan call at any one time by the corporation to the member as provided in the loan call agreement.
Loan Limit means (a) at any time during an Investment Grade Period, the lesser of (i) the Maximum Aggregate Amount and (ii) the Total Commitments at such time and (b) at any time that is not an Investment Grade Period, the least of (i) the Maximum Aggregate Amount, (ii) the Total Commitments at such time and (iii) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(f)).
Loan Limit shall have the meaning specified in paragraph 1 of Exhibit A.
Loan Limit means the limit of the loan principal provided by the lender to the borrower within the valid period of the limit set forth herein. Within the valid period of limit and the loan limit, the borrower may cyclically use the loan, provided that the sum of the loan amount requested by the borrower and the balance of the loan principal outstanding hereunder may not exceed the loan limit. When the valid period of limit expires, the unused loan limit shall automatically expire.
Loan Limit means, for any member, the maximum amount permitted to be outstanding at any one time on loans made by any such member to a development corporation, as determined herein.
Loan Limit means, as at any date of determination, the lesser of (i) the Borrowing Base and (ii) the Revolving Commitments.