Supplemental Loan Limit means the lesser of (a) during the period from April 15 of any year through and including September 15 of such year, $20,000,000 and at all other times, zero and (b) the amount equal to (i) one hundred ten (110%) percent of the applicable Net Recovery Percentage for each category of Inventory multiplied by the Value of such category of Eligible Inventory minus (ii) the amount included in the Borrowing Base pursuant to Sections 1.10(a)(i)(B) and 1.10(a)(i)(C) hereof.
Supplemental Loan Limit means, on any date, the sum of the Pledged Collateral Value on such date, plus the Supplemental Inventory Value on such date.
Supplemental Loan Limit means an amount not to exceed $3,500,000, as such amount may be permanently reduced by payments pursuant to Section 4(a) of Amendment No. 3 through and including the Supplemental Loan Termination Date and zero at all times thereafter.
More Definitions of Supplemental Loan Limit
Supplemental Loan Limit means $6,700,000, and shall be reduced by $1,675,000 each quarter commencing February 1, 2000 until the Supplemental Loan Termination Date, and shall mean zero at all times after the Supplemental Loan Termination Date.
Supplemental Loan Limit means $5,000,000.
Supplemental Loan Limit means, at any time, the lesser of: (a) $15,000,000 and (b) the Maximum Credit minus the sum of the then outstanding amount of the Borrowing Base Loans, the Borrowing Base LC Accommodations and any reserves.
Supplemental Loan Limit means $4,000,000.00. (h) "Supplemental Loan" shall mean the loan made by the Lender to or for the benefit of the Borrowers pursuant to Section 2.1.1 hereof. (i) "Supplemental Loan Maturity Date": June 9, 2001. (j) "Supplemental Loan Termination Date" shall mean the earliest of (i) the Supplemental Loan Maturity Date, (ii) the date set as the termination date of this Agreement, (iii) the occurrence of an Event of Default described in Sections 10.1(g) or 10.1(h), (iv) the date set by the Lender as the termination date of the Supplemental Loan following the occurrence of an Event of Default other than an Event of Default described in Sections 10.1(g) or 10.1(h), or (v) the date on which Borrowers repay all Obligations arising in respect of the Supplemental Loan.
Supplemental Loan Limit means at any time $250,000.
Supplemental Loan Limit means, at any time during the Supplemental Loan Period, the lesser of $350,000 and three (3%) percent of the Value of Eligible Inventory.
Supplemental Loan Limit means $350,000 through and including the Supplemental Loan Termination Date and zero at all times thereafter.