Maximum Loan Amount definition

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

Maximum Loan Amount means $15,000,000.

Maximum Loan Amount means $43,375,000 less repayments of the Term Loan and Equipment Loans.

Examples of Maximum Loan Amount in a sentence

• Notwithstanding anything to the contrary, Lender shall not be obligated to advance Loan funds in an amount greater than the Maximum Loan Amount, as determined by Lender.

• Xxxxxx’s obligation to fund DLOC Draws will not at any time exceed the DLOC Commitment Amount and in no event will Borrower be entitled to any DLOC Draw if funding such DLOC Draw would result in the total amount of (i) DLOC Draws advanced by Lender exceeding the DLOC Commitment Amount, or (b) Loan funds advanced by Lender exceeding the Maximum Loan Amount.

• On any date on which the aggregate principal amount of DLOC Draws exceeds the DLOC Commitment Amount, or the aggregate principal amount of the Loan exceeds the Maximum Loan Amount, Borrower shall, immediately upon demand by Xxxxxx, pay Lender an amount equal to such excess.

• The Parent has transferred to the Agent, subject to its Know Your Customer requirements, in respect of each Ship the equity payment for that Ship and being an amount equal to the Purchase Price for that Ship minus the Maximum Loan Amount in respect of the Tranche for that Ship, no later than two (2) days before the relevant Utilisation Date.

More Definitions of Maximum Loan Amount

Maximum Loan Amount means $10,000,000.

Maximum Loan Amount means $30,000,000.

Maximum Loan Amount means Eighty-seven thousand six hundred dollars & 00/100 ($87,600.00)

Maximum Loan Amount means the amount of six hundred and sixty two million nine hundred and five thousand three hundred and twenty euro (EUR662,905,320).

Maximum Loan Amount in Section 1.1 of the Original Agreement is hereby amended in its entirety to read as follows:

Maximum Loan Amount means $20,000,000.

Maximum Loan Amount means $59,000,000, plus any increase in accordance with Section 2.24.