Maximum Borrowing Limit definition

Maximum Borrowing Limit. As of the last day of each fiscal quarter, total loans outstanding under the Revolving Credit Facility shall not exceed seventy-five percent (75%) of total Accounts Receivable of Borrower and Subsidiaries (determination of the values for Accounts Receivable will be derived from Borrower’s quarterly consolidated and consolidating financial statements for such fiscal quarter).
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Maximum Borrowing Limit has the meaning assigned to that term in Section ----------------------- ------- 2.03. ----
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Maximum Borrowing Limit means the sum of (a) one hundred percent (100%) of the appraised value of the Approved Servicing Portfolio (as reflected in the most recent Servicing Portfolio Report delivered to the Administrative Agent, absent manifest error in such report) plus (b) fifty percent (50%) of Eligible P&I Advance Receivables (as reflected in the most recent Tranche C Borrowing Base Certificate delivered to the Administrative Agent, absent manifest error in such certificate).
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Examples of Maximum Borrowing Limit in a sentence

  • Maximum Borrowing Limit: As of the last day of each fiscal quarter, total loans outstanding under the Revolving Credit Facility shall not exceed seventy-five percent (75%) of total Accounts Receivable of Borrower and Subsidiaries (determination of the values for Accounts Receivable will be derived from Borrower's quarterly consolidated and consolidating financial statements for such fiscal quarter).

  • Hare, President EXHIBIT "A" Effective as of March 23, 1998 Superseded -------------------- NATIONAL FUEL GAS SYSTEM MONEY POOL Maximum Borrowing Limit* Participants ($000,000's) ------------ ------------------------ National Fuel Gas Distribution Corporation 500 National Fuel Gas Supply Corporation 500 Seneca Resources Corporation 400 National Fuel Resources, Inc.

  • Loan Number: Period Covered: to 1 Accounts Receivable Availability 0 2 Inventory Availability 0 3 Total Collateral Availability 0 4 Less: Reserves 5 Rent Reserve — 3 months 6 Reserve 2 7 Reserve 3 8 Reserve 4 9 Reserve 5 10 Reserve 6 11 Total Reserves 0 12 Net Collateral Availability 0 13 Revolver Line 50,000 14 Suppressed Availability (if any) 0 15 Maximum Borrowing Limit (Lesser of lines 12 and 13) 0 16 Previous Loan Balance (Previous Report Line 19) 17 Less: A.


More Definitions of Maximum Borrowing Limit

Maximum Borrowing Limit has the meaning assigned to that term in the definition of Borrowing Limit.
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