Maximum Note Amount definition
Examples of Maximum Note Amount in a sentence
In no event shall the sum of the aggregate outstanding principal balance of the Notes exceed the lesser of (i) the Borrowing Base and (ii) the Maximum Note Amount.
No limitation exists with respect to the number of advances made under this Note so long as the total unpaid principal amount at any time outstanding does not exceed the Maximum Note Amount.
After purchasing the Notes on such Purchase Date, the aggregate principal amount of all outstanding Notes shall not exceed the Maximum Note Amount.
Company shall execute and deliver on the Closing Date to each Lender (or to Administrative Agent for that Lender), with respect to each Eligible Aircraft purchased by Company on the Closing Date, a Revolving Note substantially in the form of Exhibit IIIA annexed hereto to evidence that Lender's Revolving Loans in respect of such Eligible Aircraft, in the principal amount of such Eligible Aircraft's Maximum Note Amount and with other appropriate insertions.
Provided there exists no Default, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrower may from time to time, request an increase in the aggregate Commitments; provided that (i) any such request for an increase shall be in a minimum amount of $2,500,000, and (ii) the aggregate Commitments, after giving effect to each such increase, shall not exceed the lesser of (A) the Maximum Note Amount and (B) the Borrowing Base in effect at such time.
The aggregate principal amount of all Notes purchased in the Initial Closing and Additional Notes purchased hereunder shall not exceed $_________ (the "Maximum Note Amount").
Upon the terms and conditions hereof, Payor hereby unconditionally promises to pay to the order of Holder at such address as Holder shall hereinafter designate to Payor in writing, in lawful money of the United States of America and in immediately available funds, the Maximum Note Amount or the aggregate unpaid principal amount of all Loans made by Holder to or for the benefit of Payor, whichever is less, and to pay interest on such Loans as computed in the manner set forth in Section 3 below.
During the Note Availability Period, in return for the Consideration paid by each Lender and subject to the terms and conditions hereof, the Company shall sell and issue to such Lender, and such Lender shall purchase from the Company, Notes in an aggregate principal amount up to but not exceeding such Lender’s Commitment provided that after giving effect to the purchase of any Notes in no event shall the aggregate principal amount of Notes purchased and sold hereunder exceed the Maximum Note Amount.
Any additional Notes or Warrants issued up to the Maximum Note Amount or the Maximum Warrant Amount, as the case may be, under this Section 1(e) shall be restricted to issuances to shareholders of record of the Company on the date of the Initial Closing unless such issuance is approved by 75% (in dollar terms of the principal amount) of the holders of Notes as of the Initial Closing date.