the Maximum Loan Amount definition

the Maximum Loan Amount means the lesser of (a) forty five million Dollars ($45,000,000) and (b) seventy per centum (70%) of the Market Value of the Vessels at the first Advance Date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

the Maximum Loan Amount means thirty one million seven hundred and fifty thousand Dollars ($31,750,000).

the Maximum Loan Amount means an aggregate amount not exceeding the lesser of (i) eight million two hundred and fifty thousand Dollars ($8,250,000) and (ii) seventy seven per centum (77%) of the lower of (a) the Acquisition Price and (b) the Fair Market Value.

Examples of the Maximum Loan Amount in a sentence

After giving effect to the release of the Borrowing Base Property, the Total Outstandings will be less than or equal to the Maximum Loan Amount.
Amounts expended by Lender which exceed amounts held in the Reserve Accounts shall be added to the Maximum Loan Amount, shall be immediately due and payable, and shall bear interest at the Default Rate from the date of disbursement until paid in full.
In the event that Borrower receives Earmarked Funds, Borrower shall use the Earmarked Funds to prepay principal, plus accrued interest, within two business days after such Earmarked Funds are received by Borrower, and the amount of principal so prepaid shall reduce the Maximum Loan Amount.
If the aggregate amount of the Advances outstanding exceeds the Maximum Loan Amount at any time, Borrower must immediately pay Lender the excess.
At the time of and immediately after giving effect to such Loan, the aggregate amount of Loans outstanding shall not exceed the Maximum Loan Amount.
Subject to the terms and conditions of this Agreement, the Lenders make available to the Borrower a term loan credit facility in Euros in a maximum aggregate amount equal to the Maximum Loan Amount.
So long as no event has occurred which is, or with the passage of time or the giving of notice or both under the Loan Documents would constitute, an Event of Default or an Acceleration Event, Debtor may borrow, prepay and reborrow, from the Effective Date until the Maturity Date, an amount up to the Maximum Loan Amount.
Subject to the terms and conditions set forth herein, and in reliance on Borrower’s representations, warranties and covenants set forth herein, Lender agrees to loan the Maximum Loan Amount to Borrower.
During the Forbearance Period, Borrowers may request, and Lender, in its sole and absolute discretion, may make Loans to DCI in an aggregate amount (when added to all then outstanding Loans, whether made prior to or during the Forbearance Period) not to exceed the Maximum Loan Amount.
The outstanding aggregate principal amount of the Loan shall not exceed the Maximum Loan Amount at any time.

More Definitions of the Maximum Loan Amount

the Maximum Loan Amount means fifty four million euro (€54,000,000).

the Maximum Loan Amount means two hundred and fifteen million euro (€215,000,000).

the Maximum Loan Amount means an aggregate amount not exceeding the lesser of (i) twenty million Dollars ($20,000,000) and (ii) fifty per centum (50%) of the Fair Market Value of the Vessels.

the Maximum Loan Amount means on▇ ▇▇▇▇▇ed and eighty million Dollars ($180,000,000).

the Maximum Loan Amount means, subject to Clause 2.8, one hundred and thirty five million Dollars ($135,000,000).