Total Acquisition Loan Commitment means, at any time, the aggregate amount of the Acquisition Loan Commitments of all Lenders, as in effect at such time in accordance with this Agreement, which Commitments, as of the First Amendment Closing Date, equal the Dollar equivalent of $135,000,000, whether designated partly in Dollars and partly in one or more Alternative Currencies. Notwithstanding anything to the contrary contained herein, the Total Acquisition Loan Commitment shall not at any time exceed twenty percent (20%) of the Total Commitment.
Total Acquisition Loan Commitment means, at any time, the sum of the Acquisition Loan Commitments of each of the Banks.
Total Acquisition Loan Commitment has the meaning assigned to such term in the Recitals.
Examples of Total Acquisition Loan Commitment in a sentence
Such increase shall be allocated between the Total Floor Plan Loan Commitment and Total Acquisition Loan Commitment as requested by Borrower, provided, following any such increase, the Total Acquisition Loan Commitment shall not exceed 40% of the Total Commitment.
In addition, no such reduction shall cause the Total Acquisition Loan Commitment to exceed 40% of the Total Commitment.
More Definitions of Total Acquisition Loan Commitment
Total Acquisition Loan Commitment. “Total Commitment” and “Total Floor Plan Loan Commitment” set forth in Section 1.1 of the Credit Agreement are hereby deleted in their entirety and the following substituted in lieu thereof:
Total Acquisition Loan Commitment means the aggregate Acquisition Loan Commitments for all Banks totaling a maximum of $12,000,000.00 for all Banks.
Total Acquisition Loan Commitment the sum of the Acquisition Loan Commitments of the Lenders, as in effect from time to time. The initial Total Acquisition Loan Commitment as of the Effective Date is $75,000,000.