Maximum Loan Balance definition

Maximum Loan Balance means, as of any date of determination, the lesser of (a) the sum of (i) the cash and Cash Equivalents held by the Company and its Domestic Subsidiaries as of such date, PLUS (ii) the amount equal to the lesser of (A) 75% of the aggregate consolidated accounts receivable of the Company and its Subsidiaries as of such date and (B) 85% of the aggregate consolidated accounts receivable of the Company and its Domestic Subsidiaries as of such date, and (b) the Aggregate Commitment.

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Maximum Loan Balance means, as of any date, the product of

Maximum Loan Balance. MLB’)” shall mean the maximum quantity of gas which Storage Provider will loan to a Customer and debit to Customer’s Loan Account under an Interruptible Park and Loan Service Agreement.

Examples of Maximum Loan Balance in a sentence

Shipper shall deliver to Enbridge and Enbridge shall accept on a firm basis, the Maximum Loan Balance in the following manner: for the period of <DATE> to <DATE>, inclusive, each and every day, a quantity of day)>, a quantity of Injection Quantity”).
If at any time the then outstanding principal balance of Loans exceeds the Maximum Loan Balance, then the Borrower shall immediately prepay outstanding Loans in an amount sufficient to eliminate such excess.
Enbridge shall deliver to Shipper and Shipper shall accept on a firm basis the Maximum Loan Balance in the following manner: for the period of <DATE> to <DATE>, inclusive, each and every day, a quantity of day)>, a quantity of GJ/day ( GJ/day ( MMBtu/day), and for the day of <DATE (last MMBtu/day)) (each daily quantity referred to as the “Daily Withdrawal Quantity”).
If at any time there remain outstanding Revolving Loans and/or Term Loans in excess of the Maximum Loan Balance, Borrower shall immediately repay Revolving Loans and/or Term Loans to eliminate such excess.
If at any time the Term Loans together with all other Loans exceed the Maximum Loan Balance, Term Loans must be repaid immediately in an amount sufficient to eliminate any excess.
Borrower may reborrow Revolving Loans and Term Loans repaid pursuant to this subsection 1.5(A); provided, however, Term Loans may only be reborrowed for the purpose of financing an Acquisition in accordance with the terms hereof and provided further all Loans outstanding do not exceed the Maximum Loan Balance and all Revolving Loans outstanding do not exceed the Maximum Revolving Loan Balance.
Enbridge shall deliver to Shipper and Shipper shall accept on a firm basis the Maximum Loan Balance in the following manner: for the period of <DATE> to <DATE>, inclusive, each and <DATE (last every day, a quantity of day)>, a quantity of GJ/day ( GJ/day ( MMBtu/day), and for the day of MMBtu/day)) (each daily quantity referred to as the “Daily Withdrawal Quantity”).
With respect to each Limited Interest Loan or Revolving Rebuild BPL Loan, (i) the related Mortgagor is entitled pursuant to the Mortgage Loan Documents to request advances up to the amount of the Maximum Loan Balance as set forth in the related Mortgage Loan Documents and (ii) the Seller shall disburse all such amounts in accordance with the terms of the related Mortgage Loan Documents and Applicable Law.
If at any time the sum of the outstanding amount of the Loans exceeds the Maximum Loan Balance, then the Borrower shall immediately pay the amount of such excess to the Agent for the respective accounts of the Banks for application to the Loans.
Enbridge shall deliver to Shipper and Shipper shall accept on a firm basis the Maximum Loan Balance in the following manner: for the period of <DATE> to <DATE>, inclusive, each and <DATE (last every day, a quantity of day)>, a quantity of GJ/day ( GJ/day ( MMBtu/day), and for the day of MMBtu/day) (each daily quantity referred to as the “Daily Withdrawal Quantity”).

More Definitions of Maximum Loan Balance

Maximum Loan Balance means, as of any date, the product of:

Maximum Loan Balance. With respect to each Dutch Loan, the Initial Principal Balance which is permitted to be borrowed by the related Mortgagor pursuant to the related Mortgage Loan Documents. With respect to each Non-Dutch Loan, the sum of the Initial Principal Balance and the sum of all Additional Draw Amounts which is permitted to be borrowed by the related Mortgagor pursuant to the related Mortgage Loan Documents (which includes both funded and unfunded amounts).

Maximum Loan Balance means, in the case of the Class A Loans, the Class A Maximum Loan Balance and in the case of the Class B Loans, the Class B Maximum Loan Balance.

Maximum Loan Balance means, as of any date, an amount equal to the lesser of: (i) the Maximum Loan Commitment and (ii) Loan Availability less all outstanding Term Loans and Revolving Loans.