Maximum Facility Amount definition

Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

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Maximum Facility Amount means $600,000,000 (as such amount may be reduced pursuant to Section 2.07); provided that it is understood that the loan facility established under this Agreement is an uncommitted facility and there is no express or implied commitment on the part of the Administrative Agent or any Lender to provide any Advance except that, in the case of Collateral Loans approved by means of an Approval Request or Approved List, the Lenders shall have committed to fund the related Advances (up to the amount(s) specified in the related Approval Request or Approved List), provided that the related conditions precedent set forth in Article III are satisfied with respect to such Advances on the applicable Borrowing Date.

Maximum Facility Amount means, on any date of determination, $400,000,000 (as such amount may be reduced pursuant to Section 2.07); provided that it is understood that the loan facility established under this Agreement is an uncommitted facility and there is no express or implied commitment on the part of the Administrative Agent or any Lender to provide any Advance except that, in the case of Collateral Loans approved by means of an Approval Request or Approved List, the Lenders shall have committed to fund the related Advances (up to the amount(s) specified in the related Approval Request or Approved List) provided that the related conditions precedent set forth in Article III are satisfied.

Examples of Maximum Facility Amount in a sentence

• No Upsize Option shall be allowed on or after the Availability Period Expiration Date, and in no event shall the Maximum Facility Amount be increased to an amount greater than $500,000,000 in the aggregate.

• The Aggregate Repurchase Price of Purchased Loans subject to outstanding Transactions shall not at any time exceed the Maximum Facility Amount and, except as Repo Agent and each Buyer may otherwise consent to in writing (email is acceptable), the Purchase Price for any Mortgage Loan, shall not, by itself or when combined with all other Purchase Prices paid by Buyer during the thirty (30) days immediately preceding the proposed Purchase Date, exceed 25.0% of the Facility Amount.

• At the written request of S▇▇▇▇▇, Buyer may agree in its sole and absolute discretion to one or more separate increases of the Maximum Facility Amount (each an “Upsize Option”), in each case, by giving written notice thereof to Seller approving such requested increase.

More Definitions of Maximum Facility Amount

Maximum Facility Amount means initially $400,000,000, as such amount may be reduced from time to time pursuant to Section 2.18(b); provided that at any time after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

Maximum Facility Amount means $500,000,000.

Maximum Facility Amount means, at any time, an amount equal to the aggregate Commitments of the Lenders at such time, as may be decreased in accordance with Section 2.04. The Maximum Facility Amount on the Closing Date is $100,000,000.

Maximum Facility Amount means $600,000,000.

Maximum Facility Amount in Article 2 of the Master Repurchase Agreement is hereby deleted in its entirety and replaced with the following:

Maximum Facility Amount means $50,000,000.

Maximum Facility Amount as set forth in Article 2 of the Repurchase Agreement, is hereby amended and restated in its entirety to read as follows: