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
If at any time the Aggregate Maximum Credit Amounts are terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.
All fees accrued until the effective date of any termination or reduction of the Aggregate Maximum Credit Amounts shall be paid on the effective date of such termination or reduction.
Borrowers shall pay to Lender a closing fee in an amount equal to 0.25% of the Maximum Credit.
Administrative Agent will promptly notify Lenders of any such notice of termination or reduction of the Aggregate Maximum Credit Amounts.
Any termination or reduction of the Aggregate Maximum Credit Amounts shall be permanent and may not be reinstated.
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 means the amount of $20,000,000.
Maximum Credit is set forth in Section 10.1(a) hereof.
Maximum Credit means the amount of $110,000,000.
Maximum Credit means $75,000,000.
Maximum Credit means the amount of $12,000,000.
Maximum Credit means $100,000,000.