Maximum Credit definition
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 means the amount of $25,000,000.
Maximum Credit means the percentage listed below of the
Examples of Maximum Credit in a sentence
The Borrower shall immediately pay to the Agent, for the account of the Lenders and/or to cash collateralize Letters of Credit pursuant to Section 2.3(g), upon demand, the amount, if any, by which the amount of the Aggregate Revolver Outstandings exceeds the Maximum Credit (any such condition being an “Out-of-Formula Condition”), except that, at Agent’s election in its sole discretion, no such payment shall be required if the Out-of-Formula Condition is created solely as a result of an Agent Advance.
More Definitions of Maximum Credit
Maximum Credit set forth in Section 1 of the Loan Agreement is hereby amended and restated to read as follows:
Maximum Credit is set forth in Section 10.1(a) hereof.
Maximum Credit means, at any time, the lesser of (i) the Maximum Revolver Amount in effect at such time and (ii) the Borrowing Base at such time.
Maximum Credit means $100,000,000.
Maximum Credit means $75,000,000.
Maximum Credit means the amount of $20,000,000.
Maximum Credit means the amount of $12,000,000.