Limitations on Borrowings. Anything in Section 2.02(a) to the ------------------------- contrary notwithstanding, none of the Borrowers may select (i) Eurodollar Rate Advances for any Borrowing if the aggregate amount of such Borrowing is less than $5,000,000 or if the obligation of the Appropriate Lenders to make Eurodollar Rate Advances shall then be suspended pursuant to Section 2.08 or 2.09 or (ii) Interest Periods for Eurodollar Rate Advances comprising part of any Borrowing that have a duration of more than one month during the period from the date of this Agreement to September 30, 1997 (or such earlier date as shall be specified by the Arranger in its sole discretion in a written notice to Fox Kids and each of the Lenders). In addition, the Revolving Credit A Advances may not be outstanding as part of more than eight separate Revolving Credit A Borrowings, the Revolving Credit B Advances may not be outstanding as part of more than eight separate Revolving Credit B Borrowings and the Term Advances may not be outstanding as part of more than eight separate Term Borrowings.
Limitations on Borrowings. Notwithstanding any other provision of this Agreement, Lender shall have no obligation to make any Advance to the extent that it would result in, or if at the time of the proposed Advance there exists, an Over-Advance Condition. As used in this
Limitations on Borrowings. Notwithstanding any contrary provisions herein but subject to any changes agreed to pursuant to clause 5.5.2.12 (Ordinary Resolutions, Special Resolutions and Restrictions on Board Powers) of the MOI, the Group’s indebtedness shall not be increased if the Net Debt of the Group is (or would be as a result of such increase), in the period:
Limitations on Borrowings. The Company will not, and will ------------------------- not permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness except (i) the Indebted ness incurred under this Agreement and other Indebtedness to the Bank, (ii) the Indebtedness (other than for borrowed money) on open account or under trade acceptances in the ordinary course of busi ness in connection with normal trade obligations, (iii) unsecured intercompany accounts between the Subsidiaries of the Company, or any of them, on the one hand, and the Company, on the other, (vii) the Indebtedness for taxes and other charges to the extent per mitted under Sections 5.2 and 5.6 hereof and (v) Indebtedness listed on Exhibit G hereto. ---------
Limitations on Borrowings. From the Tenth Amendment Effective Date through the effectiveness of the November 1, 2022 Scheduled Redetermination, the Borrower shall not request that (x) the Lenders make any Loans or (y) the Issuing Banks issue, amend, renew or extend any Letter of Credit, if at the time of and immediately after giving effect to such Borrowing or issuance, amendment, renewal or extension of such Letter of Credit, as applicable, the total Revolving Credit Exposures would exceed $525,000,000, and it is agreed that any request made in violation hereof shall be null and void; provided, however, that this Section 9.20 shall cease to apply if:
Limitations on Borrowings. Outstanding borrowings under the Line of Credit, to a maximum of the principal amount set forth above, shall not at any time exceed to aggregate amounts set forth on Schedule I hereto, which Schedule I shall be completed by Bank and appended hereto from time to time after an audit of the Collateral and/or an audit of Borrower’s inventory, and all terms of which are incorporated herein by this reference.”
Limitations on Borrowings. The Company will not, nor will it permit any Subsidiary to, create, incur or suffer to exist any Indebtedness except:
Limitations on Borrowings. The Borrowers' rights to borrow hereunder are subject to the following limitations: - The total outstanding principal amount of the Seasoned Warehouse Revolving Loans may never exceed the lesser of (i) the Aggregate Committed Sum or (ii) the Borrowing Base. - The total outstanding principal amount of the Seasoned Warehouse Revolving Loans that are Foreclosure/REO/Repurchase Loans Borrowings may never exceed the lesser of (i) the Foreclosure/REO/Repurchase Loans Sublimit or (ii) the portion of the Borrowing Base attributable to Eligible Foreclosure/REO/Repurchase Collateral. - No Seasoned Warehouse Lender's direct or indirect portion of the total outstanding principal amount of the Seasoned Warehouse Revolving Loans may ever exceed
Limitations on Borrowings. Outstanding borrowings under the Line of Credit, to a maximum of the principal amount set forth above, shall not at any time exceed an aggregate of eighty percent (80%) of Borrower's eligible accounts receivable, plus, upon completion of an appraisal of Borrower’s finished goods inventory the results of which are satisfactory to Bank in Bank’s sole discretion, thirty percent (30%) of the value of Borrower's finished goods (exclusive of work in process and inventory which is obsolete, unsaleable or damaged), with value defined as the lower of cost or market value; provided however, that outstanding borrowings against such finished goods inventory shall not at any time exceed an aggregate of Four Million Dollars ($4,000,000). All of the foregoing shall be DOCSOC/1656044v2/018854-0004 Exhibit 10.27 determined by Bank upon receipt and review of all collateral reports required hereunder and such other documents and collateral information as Bank may from time to time require. Borrower acknowledges that said borrowing base was established by Bank with the understanding that, among other items, the aggregate of all returns, rebates, discounts, credits and allowances for the immediately preceding three (3) months at all times shall be less than five percent (5%) of Borrower's gross sales for said period. If such dilution of Borrower's accounts for the immediately preceding three (3) months at any time exceeds five percent (5%) of Borrower's gross sales for said period, or if there at any time exists any other matters, events, conditions or contingencies which Bank reasonably believes may affect payment of any portion of Borrower's accounts, Bank, in its sole discretion, may reduce the foregoing advance rate against eligible accounts receivable to a percentage appropriate to reflect such additional dilution and/or establish additional reserves against Borrower's eligible accounts receivable. As used herein, "eligible accounts receivable" shall consist solely of trade accounts created in the ordinary course of Borrower's business, upon which Borrower's right to receive payment is absolute and not contingent upon the fulfillment of any condition whatsoever, and in which Bank has a perfected security interest of first priority, and shall not include:
Limitations on Borrowings. Borrower will not, and will not permit any of its Subsidiaries to, incur, create, assume or permit to exist any Indebtedness, except (i) the Notes, (ii) Indebtedness incurred in the ordinary course of Borrower's or Subsidiary's business in connection with normal trade obligations, including the financing of Borrower's annual insurance premiums; (iii) any Indebtedness previously made or contemplated to be made in the future by Lenders to Borrower or a Subsidiary; and (iv) purchase money indebtedness not to exceed $2,000,000 in the aggregate.
