Maximum Facility Limit definition

Maximum Facility Limit means, on any date of determination, the lesser of (a) the Borrowing Base, as calculated pursuant Borrowing Base Certificate as of such date and (b) the Maximum Facility Commitments as of such date.
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Maximum Facility Limit means $250,000,000 as increased or decreased from time to time pursuant to Section 2.02(l) or (m). References to the “unused” portion of the Maximum Facility Limit shall mean, at any time of determination, an amount equal to the Maximum Facility Limit at such time, minus the Aggregate Loan Amount.
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Maximum Facility Limit means $250,000,000 (unless increased pursuant to Section 2.1(b) and (c)).
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Examples of Maximum Facility Limit in a sentence

  • After giving effect to the making of the Loans on the Closing Date and the consummation of the transactions contemplated hereby, the Combined Loan Balance as of such date shall not exceed the Maximum Facility Limit as of such date.

  • Therefore, the parties agree that Seller shall pay Purchaser an Early Termination Fee, calculated as five percent (5%) of the Maximum Facility Limit, as liquidated damages for any early termination of this Agreement (the “Early Termination Fee”).

  • For the avoidance of doubt, only the consent of the Lenders increasing its Commitment and the Administrative Agent shall be required in order to approve any request to increase the Commitments but the consent of each of the Lenders shall be required for an increase to the Maximum Facility Limit.

  • Provided that no Early Amortization Event, Unmatured Initial Servicer Default, Initial Servicer Default, Event of Default or Unmatured Event of Default has occurred and is continuing, upon notice to the Administrative Agent and each Lender, the Borrower may from time to time request an increase in the Commitments of Lenders and/or an increase of the Maximum Facility Limit, at any time following the Closing Date and prior to the Revolving Period Termination Date.

  • Advances of the Purchase Price hereunder shall be made in amounts determined by Purchaser in its sole discretion and at no time exceed the Maximum Facility Limit Amount.

  • Any such Person not responding within such time period shall be deemed to have declined to consent to an increase in such Lender’s Commitment and to any increase in the Maximum Facility Limit.

  • In respect of any Lender, each of such Lenders and the Administrative Agent shall notify the Borrower within the applicable time period whether or not such Person agrees, in its respective sole discretion, to the increase to such Lender’s Commitment and/or an increase in the Maximum Facility Limit.

  • Contemporaneously with any such reduction in the Maximum Facility Limit, the Commitment of each Lender shall be reduced by an amount equal to the product of its Pro Rata Share and the amount by which the Maximum Facility Limit was reduced (unless all of the Lenders agree in writing to a different allocation of such reduction).

  • At any time that the Aggregate Loan Amount exceeds the lesser of (i) the Maximum Facility Limit and (ii) the Borrowing Base, the Borrower shall prepay the Aggregate Loan Amount to the extent necessary to eliminate such excess.

  • On February 18, 2020, TFL provided a notice to the Administrative Agent and the TFL Administrative Agent, requesting a reallocation of $190,000,000 of the Maximum Facility Limit from the TFL Facility Limit to the 2018 Facility Limit, such that the TFL Facility Limit would be $809,000,000 and the Facility Limit would be $291,000,000 on February 26, 2020 (the “Maximum Facility Limit Reallocation Date”).


More Definitions of Maximum Facility Limit

Maximum Facility Limit means $600,000,000, as such amount may be increased or reduced from time to time in accordance with Section 2.11 or terminated in accordance with Section 8.02 and Section 12.01.
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Maximum Facility Limit means the sum of all Facility Limits of all ---------------------- Lending Groups, which amount shall equal $525,000,000 on the Effective Date.
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Maximum Facility Limit means, $75,000,000, or such lesser amount determined pursuant to Section 2.04 hereof.
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Related to Maximum Facility Limit

  • Facility Limit means, $175,000,000, as reduced or increased from time to time pursuant to the terms hereof. References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the Aggregate Capital at such time.

  • 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.

  • Maximum Facility Output means the maximum (not nominal) net electrical power output in megawatts, specified in the Interconnection Service Agreement, after supply of any parasitic or host facility loads, that a Generation Interconnection Customer’s Customer Facility is expected to produce, provided that the specified Maximum Facility Output shall not exceed the output of the proposed Customer Facility that Transmission Provider utilized in the System Impact Study.

  • Maximum Swingline Amount means $5,000,000.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders less the Letter of Credit Reserve and (b) the Borrowing Base less the Letter of Credit Reserve.