Maximum Capital definition

Maximum Capital means, at any time, the lesser of (a) the Total Commitments and (b)(i) the Net Receivables Pool Balance minus (ii) the Applicable Reserve in effect at such time.
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Maximum Capital means at any time of calculation hereunder the lesser of (a) the difference between (i) the Net Receivables Pool Balance TIMES 97%, MINUS (ii) the Required Reserves and (b) the Purchase Limit.
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Maximum Capital. GAIN RATE" shall be 24.5%.
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Examples of Maximum Capital in a sentence

  • The Company will not, nor will it permit any Subsidiary to, expend in excess of the Maximum Capital Expenditure Amount (in the aggregate) for Consolidated Capital Expenditures during any fiscal year of the Company.

  • Lender agrees to make Capital or Operating Leases to Guarantor, Borrower, or any Subsidiary of Guarantor or Borrower, as may from time to time be requested, in such aggregate amounts of no less than Twenty Five Thousand Dollars ($25,000.00), but not exceeding at any one time outstanding an amount equal to the Maximum Capital and Operating Lease Amount.

  • Borrower covenants and agrees with Lender that, while this Agreement is in effect, Borrower will: Maximum Capital Expenditures.

  • It is the intention of Lender and Borrower that the entire amount of the Maximum Capital Expenditure Floating Rate Principal shall be requested by Borrower on or before December 31, 2005.

  • The Managing Member shall have the authority to amend Schedule 1 from time to time to reflect any changes of address, the admission of any additional or substitute Members in accordance with the terms of this Agreement or any changes to the information set forth thereon (other than the Initial Capital Contribution, Maximum Capital Contribution or class interest with respect to Lex-Win or Inland).

  • The respective names, business addresses, class of interest (common or preferred) and Initial Capital Contribution and Maximum Capital Contribution of the Members are as set forth on Schedule 1 and the Members identified on Schedule 1 are, as of this date, the only members in the Company.

  • Section 7.5(e) of the Credit Agreement is hereby amended by deleting the Maximum Capital Expenditure Amount for the fiscal year ended December 31, 2008, of $225,000,000, and, in lieu thereof, inserting a Maximum Capital Expenditure Amount for the fiscal year ended December 31, 2008, of $240,000,000.

  • The Borrower will not, and will not permit any Subsidiary to, incur or make aggregate Capital Expenditures during any period set forth below in an amount exceeding the amount set forth opposite such period: Period Maximum Capital Expenditures Borrower’s Fiscal Year $ 10,000,000.00 The unused portion of permitted Capital Expenditures in any fiscal year cannot be carried over to a subsequent fiscal year.

  • In addition, each Capital Expenditure Advance shall not exceed the lesser of (x) the Maximum Capital Expenditure Advance Amount or (y) Capital Expenditure Loan Availability as of the date of such Capital Expenditure Advance.

  • All Capital Expenditures in any Fiscal Year shall first be applied against the then Current Maximum Capital Expenditure limit and then to the carry-forward amount.

Related to Maximum Capital

  • Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute.

  • Maximum Cap Rate For any Distribution Date with respect to the Group I Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Group I Mortgage Loans minus an amount, expressed as a percentage, equal to the Net Swap Payment and Swap Termination Payment, if any (other than termination payments resulting from a Swap Provider Trigger Event), due from the Trust for such Distribution Date, multiplied by 12, weighted on the basis of the outstanding Stated Principal Balances of the Group I Mortgage Loans as of the first day of the month preceding the month of such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Interest Rate Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Group II Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Group II Mortgage Loans minus an amount, expressed as a percentage, equal to the Net Swap Payment and Swap Termination Payment, if any (other than termination payments resulting from a Swap Provider Trigger Event), due from the Trust for such Distribution Date, multiplied by 12, weighted on the basis of the outstanding Stated Principal Balances of the Group II Mortgage Loans as of the first day of the month preceding the month of such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Interest Rate Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Mezzanine Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average (weighted on the basis of the results of subtracting from the aggregate Stated Principal Balance of the applicable Loan Group, the current Certificate Principal Balance of the related Class A Certificates) of the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Group I Mortgage Loans and the Group II Mortgage Loans, in each case, weighted on the basis of the outstanding Stated Principal Balances of the related Mortgage Loans as of the first day of the month preceding the month of such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Interest Rate Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12.

  • Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Maximum Credit means, at any time, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).