Maximum Credit definition

Maximum Credit means, at any time, (a) the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time minus (b) the aggregate amount of any Availability Reserve in effect at such time.

Maximum Credit means the amount of $25,000,000.

Maximum Credit means the amount of $110,000,000.

Examples of Maximum Credit in a sentence

• You agree we are not obligated to extend to you credit for any amount that would cause your outstanding balance to exceed your Maximum Credit Limit, or for any amount if your outstanding balance already exceeds your Maximum Credit Limit.

• Any increase in your Maximum Credit Limit requested by you will require you to make a written application for our approval.

• You agree that the Maximum Credit Limit will at no time exceed the agreed upon amount, and that any credit balance will not be available or increase the Maximum Credit Limit available for new purchases or cash advances during any billing cycle.

• Maximum Credit Limit – The lesser of the applicable percentage of TNW or the applicable credit limit cap as specified in Section 6.4 of this Agreement.

• If the Loan is a Revolving Credit Loan, the Borrower may throughout the Term, provided no Event of Default has occurred, borrow an amount equal to the Maximum Credit Limit less any amounts borrowed at that time.

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 percentage listed below of the

Maximum Credit means the amount of $12,000,000.

Maximum Credit means the amount of $200,000,000 (subject to adjustment as provided in Section 2.3 hereof).

Maximum Credit means $75,000,000.

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 is set forth in Section 10.1(a) hereof.