Maximum Aggregate Loan Amount definition

Maximum Aggregate Loan Amount has the meaning given to such term in Section 3.2(c).

Maximum Aggregate Loan Amount means the maximum aggregate principal balance of the Loan outstanding at any time during the term of this Agreement, which amount shall not exceed the lesser of (i) the Commitment or (ii) the Availability Amount as determined by PHCC.

Maximum Aggregate Loan Amount means One Hundred Thirty-Five Million Dollars ($135,000,000.00), as such amount may be decreased in accordance with the provisions of Section 2.1.8 of this AGREEMENT or increased in accordance with the provisions of Section 2.1.9 of this AGREEMENT.

Examples of Maximum Aggregate Loan Amount in a sentence

• The principal amount of the Loan outstanding shall not exceed the Maximum Aggregate Loan Amount at any time.

• Lender, in its sole discretion, may grant a request from Borrower to --- increase the Budget related to the addition of units to the Project (thereby increasing the Maximum Aggregate Loan Amount), on the condition that, inter alia, each Payment Guarantor, Performance and Completion Guarantor and the Completion Guarantor reaffirms, in writing, its Payment Guaranty, Performance and Completion Guaranty and/or Completion Guaranty (as applicable).

• To the extent that, at any time, as a result of a fluctuation in currency exchange rates or otherwise, the aggregate amount of all Letters of Credit denominated in Canadian Dollars issued by the L/C Issuer to the Borrowers equals or exceeds an amount in US Dollars equal to 105% of the Maximum Aggregate Loan Amount as determined by Administrative Agent in its sole discretion, absent manifest error, Administrative Agent shall provide written notice of same to the Representative.

• Notwithstanding anything to the contrary contained herein, in connection with any proposed additional Loans to be made by any Lender(s) or any proposed joinder of any Eligible Assignee(s) as a new Lender(s) party to this Agreement, the Maximum Aggregate Loan Amount may be increased (i) with the consent of the Borrower (and such Lender) to an amount not greater than $150,000,000 and (ii) with the consent of the Borrower and the Co-Agents (and such Lender), to an amount not greater than $300,000,000.

• Subject to the terms and conditions of this Agreement, the Lender may in its sole discretion (and for the avoidance of doubt shall under no circumstance be obligated to) make such Loans to the Borrower on a revolving basis from time to time, as the Borrower may from time to time request in an amount that when aggregated with the outstanding principal amount of all outstanding Loans hereunder may not exceed the Maximum Aggregate Loan Amount.

More Definitions of Maximum Aggregate Loan Amount

Maximum Aggregate Loan Amount. As such term is defined in Section 4.1(a). ----------------------------- Mortgage: The Mortgage, Assignment Rents, Security Agreement and Fixture -------- Filing, executed by Borrower for the benefit of Lender securing this Agreement, the Note, and all obligations of Borrower in connection with the Loan, granting a first priority lien on Borrower's fee interest in the Project, subject only to the Permitted Exceptions.

Maximum Aggregate Loan Amount means Thirty Million Dollars ($30,000,000) as of the Eighth Amendment Effective Date, and at all times thereafter. Note shall mean that certain Second Substitute Revolving Loan Note dated as of the Eighth Amendment Effective Date in the maximum principal amount of Thirty Million Dollars ($30,000,000.00) made by the Borrowers in favor of CIBC Bank USA, as may be amended, modified or restated from time to time. Total Revolving Loan Commitment shall mean an amount equal to Thirty Million Dollars ($30,000,000) as of the Eighth Amendment Effective Date and at all times thereafter. US Revolving Loan Availability shall mean with respect to Borrowers an amount up to the lesser of the sum of the following sublimits: (i) up to eighty-five percent (85%) of the face amount (less maximum discounts, credits and allowances which may be taken by or granted to Account Debtors in connection therewith in the ordinary course of Borrowers’ business) of US Borrowers’ Eligible US Accounts (it being understood and agreed that such advance rate shall be reduced by one (1) percentage point for each whole or partial percentage point by which Dilution (as determined by Administrative Agent in good faith based on the results of the most recent twelve (12) month period for which Administrative Agent has conducted a field audit of Borrowers) exceeds five percent (5%)), plus (ii) up to fifty percent (50%) of the lower of cost or market value of US Borrowers’ Eligible US Inventory and Eligible Chassis Inventory up to a maximum aggregate amount of Twenty Million Dollars ($20,000,000), plus (iii) up to eighty percent (80%) of the lower of cost or market value of US Borrowers’ Used Equipment Purchased for Resale or Rent up to a maximum aggregate amount of Two Million Dollars ($2,000,000), plus (iv) fifty percent (50%) of Eligible Mexico Receivables, provided, however, that the amount of such Eligible Mexico Receivables shall not exceed $400,000 in the aggregate at any time, minus (v) such reserves as Administrative Agent elects, in its Permitted Discretion, determined in good faith, to establish from time to time, including, without limitation, reserves with respect to Bank Products Obligations and Hedging Obligations.

Maximum Aggregate Loan Amount means Fifty Million and No/100 Dollars ($50,000,000) comprised of the Canadian Revolving Loan Commitment and the US Revolving Loan Commitment, unless otherwise increased in accordance with the terms of Section 2.10 herein.

Maximum Aggregate Loan Amount means $8,568,000.00.

Maximum Aggregate Loan Amount means an amount equal to the Maximum Canadian Loan Amount plus the Maximum US Loan Amount.”

Maximum Aggregate Loan Amount means $100,000,000, subject to increase in accordance with Article III hereof.

Maximum Aggregate Loan Amount means Eighty-Five Million Dollars ($85,000,000.00).