Maximum Financing Amount definition

Maximum Financing Amount means, on the date of signature of the Agreement, three hundred million Euros (EUR 300,000,000), allocated among the Sellers as follows:
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Maximum Financing Amount shall have the meaning provided in Section 4.6(b).
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Maximum Financing Amount. (i) shall not exceed Fifteen Million Dollars ($15,000,000) plus a debt service reserve, if required, and shall be inclusive of the CRA’s and Developer’s financing costs incurred through construction attributable to the amount equal to the Partial Take Out Financing, cost of issuance, and Developer’s cost for a CRA representative to review the Phase I plans, specifications, budgets and invoices; (ii) shall not be greater than the amount of the senior loan; and (iii) shall not in any event exceed thirty percent (30%) of Developer’s total project costs for the Phase I Improvements. Any costs and expenses of the Phase I construction project in excess of the Maximum Financing Amount shall be the sole responsibility of Developer. “Construction Costs” shall be defined as hard and soft construction costs and tenant improvements. The Partial Take Out Financing shall be structured and sold as determined by the CRA, in its sole discretion, in accordance with federal and state law and is expected to be in the form of taxable financing. Notwithstanding anything herein to the contrary, Developer shall have the right to secure its own permanent financing or to extend the term of its Construction Financing and, in such event, shall provide written notice to the CRA of such election and rejection of the CRA’s Partial Take Out Financing. The CRA shall have no obligation to close on the Partial Take Out Financing unless and until the Certificate of Occupancy is issued for the Phase I Improvements. The CRA shall use commercially reasonable efforts to obtain the most favorable terms for the Partial Take Out Financing available to the CRA and agrees that the minimum term of the Partial Take Out Financing shall be twenty (20) years unless otherwise agreed to by Developer.
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Examples of Maximum Financing Amount in a sentence

  • Municipality Maximum Financing Amount Town of Bridgewater* $15,000 – 20,000 District of Lunenburg *The Town of Bridgewater’s Maximum Eligible Amount is $15,000 for homes with full assessed property values of less than or equal to $150,000.

  • An Arrangement Fee equal to two point twenty five per cent (2.25%) of the Maximum Financing Amount (excluding VAT) shall be paid by the French Sellers and the Parent Company, acting jointly and severally, to the Factor, which fee shall come into existence as at the date of signature of the Agreement and shall become due and payable at completion of the Acquisition.

  • The financing amount included in the amended Clean Energy Improvement Agreement will not exceed the maximums set out in Section 8.3 [Maximum Financing Amount] of these CEIP Terms and Conditions.

  • The design of the home shall be determined by the approved applicant working in conjunction with DOH and within the Maximum Financing Amount and terms and conditions specified in the DOH Construction Contract.

  • In consideration of entering into this Amendment, SLM Corporation shall pay in immediately available funds to the Administrative Agent, for the ratable benefit of each Facility Group in accordance with its Pro Rata Share, a one-time nonrefundable upfront fee in the amount equal to 0.20% of the Maximum Financing Amount as of the date hereof (the “Fee”), which shall be due and owing on the date hereof.

  • Fee land owned by the approved applicant or which may be acquired with DOH financing subject to the Maximum Financing Amount as determined by the Legislature.

  • The financing amount included in the amended Clean Energy Improvement Agreement will not exceed the maximums set out in Section 7.3 [Maximum Financing Amount] of these CEIP Terms and Conditions.

  • The Maximum Financing Amount may be reduced at any time upon request of the Originators.

  • After that date, the Maximum Financing Amount may be reduced according to the conditions set out in Clause 27.2.

  • Any such reduction in the Maximum Financing Amount shall be allocated among the Facility Groups as determined by the Borrower.


More Definitions of Maximum Financing Amount

Maximum Financing Amount means, at any time, $750,000,000 (originally being $250,000,000 for each Facility Group) as such amount may be adjusted from time to time pursuant to Section 2.03 hereof; provided, however, that at all times on or after the Termination Date, the "Maximum Financing Amount" shall mean the Aggregate Note Balance.
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Maximum Financing Amount means the Aggregate Note Balance.
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Maximum Financing Amount means, on the date of signature of the Agreement, 40,000,000 Euros. Such Maximum Financing Amount may be increased by up to EUR 10,000,000, notably in case of turnover’s increase, subject to the prior GE Group’s credit committee’s approvals and the signing by the Parties of a written amendment to the Agreement.
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Related to Maximum Financing Amount

  • Maximum Revolving Amount means $10,000,000.

  • Additional Refinancing Amount means, in connection with the Incurrence of any Refinancing Indebtedness, the aggregate principal amount of additional Indebtedness, Disqualified Stock or Preferred Stock Incurred to pay accrued and unpaid interest, premiums (including tender premiums), expenses, defeasance costs and fees in respect thereof.

  • 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 Swingline Amount means $5,000,000.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Maximum Drawing Amount means at the time in question the sum of the maximum amounts which LC Issuer might then or thereafter be called upon to advance under all Letters of Credit which are then outstanding.

  • Maximum Revolver Amount means $25,000,000.

  • Maximum Term Loan Amount means Two Hundred Million and No/100 Dollars ($200,000,000).

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

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

  • Funding Amount has the meaning specified in Section 3.2(a).

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Excess Funding Amount means the amount on deposit in the Excess Funding Account.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Maximum Revolving Credit Amount means $85,000,000.00.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Ceiling Amount has the meaning assigned to such term in Section 9.10(a).

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $90,000,000, as such amount may be adjusted as permitted by this Agreement.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Maximum Advance Rate means 80.0%.