Maximum Borrowing Amount definition
Maximum Borrowing Amount means, at any time, the lesser of (a) the Aggregate Commitments at such time and (b) the Borrowing Base at such time.
Maximum Borrowing Amount means the lesser of (A) (i) the Aggregate Revolving Credit Commitments minus (ii) the Credit Product Reserve, and (B) the Borrowing Base.
Maximum Borrowing Amount means, with respect to a Funding Date, an amount equal to the product of (a) the related Funding Date Advance Rate and (b) the aggregate Loan Balance of all related Funding Date Timeshare Loans.
Examples of Maximum Borrowing Amount in a sentence
Subject to the terms and conditions set forth in this Agreement, Lender will make Revolving Loans to Borrower in aggregate amounts outstanding at any time equal to the Maximum Borrowing Amount less the Letter of Credit Exposure.
In the case of any Advances requested to be made, after giving effect thereto, the aggregate Revolving Exposure shall not exceed the Maximum Borrowing Amount.
Subject to the terms and conditions hereof, Lender shall (a) issue letters of credit (“Letters of Credit”) for the account of ▇▇▇▇▇▇▇▇; provided, however, that Lender will not be required to issue any Letters of Credit to the extent that the stated amount of such Letters of Credit would then cause the Revolving Exposure of Borrower to exceed the Maximum Borrowing Amount.
More Definitions of Maximum Borrowing Amount
Maximum Borrowing Amount means the lesser of (A) (i) the Aggregate Revolving Credit Commitments minus (ii) the Line Reserves, if any, and (B) the Borrowing Base.
Maximum Borrowing Amount means an amount equal to $189,000,000, as such amount may be reduced pursuant to Section 2.02(f) or the provisions of the Ninth Amendment or increased up to an amount not to exceed the Aggregate Commitments with the written consent of the Required Lenders.
Maximum Borrowing Amount means, on any date of determination, an amount equal to the lesser of (x) the amount of the Aggregate Commitments in effect on such date and (ii) the Borrowing Base on such date.
Maximum Borrowing Amount means, at any time, an amount equal to the lesser of (i) the Aggregate Revolving Commitment minus all Reserves then in effect (without duplication of Reserves used in calculating the Aggregate Borrowing Base (to the extent such Reserves are applicable to the calculation in this clause (i)), or (ii) the Aggregate Borrowing Base.
Maximum Borrowing Amount means (i) as of the Twelfth Amendment Effective Date, an amount equal to $203,240,000; and (ii) as of March 31, 2019, an amount equal to $58,240,000, in each case, as such amount may be subsequently reduced from time to time pursuant to Section 2.05 or increased up to an amount not to exceed the Aggregate Commitments with the written consent of the Required Lenders.
Maximum Borrowing Amount means (a) between the Fifth Amendment Date and February 28, 2005, $39,000,000 for Loans (excluding Letters of Credit and Bankers Acceptances) and $6,000,000 for Letters of Credit and Bankers Acceptances; and (b) between March 1, 2005 and March 31, 2005, $50,000,000 for Loans (excluding Letters of Credit and Bankers Acceptances) and $6,000,000 for Letters of Credit and Bankers Acceptances.
Maximum Borrowing Amount means the lesser of (A) the Aggregate Revolving Credit Commitments minus the Line Reserves, if any and (B) the Borrowing Base. “Measurement Period” means, at any date of determination, the most recently completed trailing twelve month period of the Company and its Restricted Subsidiaries for which financial statements have or should have been delivered in accordance with Section 7.01(a) or 7.01(b). “Minimum Collateral Amount” means, at any time, (a) with respect to Cash Collateral consisting of cash or Deposit Account balances provided to reduce or eliminate Fronting Exposure during the existence of a Defaulting Lender, an amount equal to 105% of the Fronting Exposure of the Letter of Credit Issuer with respect to Letters of Credit issued and outstanding at such time plus 105% of the