Capital Limit definition

Capital Limit. At any time, the product of (i) the ADCB and (ii) the lesser of (a) 88% and (b) 100% - (three and a half (3 1/2) multiplied by the Net Loss to Liquidation Ratio).

Capital Limit means, at any time, an amount equal to the sum of (a) the product of the Maximum Advance Rate and the Net Eligible Loan Balance and (b) all Collections on the Eligible Loans then on deposit in the Collection Account (net of any accrued but unpaid Interest and Facility Fees).

Capital Limit means, at any time, an amount equal to: NERB + CA where: NERB = the Net Eligible Receivables Balance at such time; and CA = the amount of Collections on deposit in the Collection Account at such time to be applied in accordance with Section 2.05 on the next Remittance Date minus the portion of such Collections which are required to be set aside for the payment of accrued Yield pursuant to Section 2.05(a) hereof.

Examples of Capital Limit in a sentence

• Under no circumstances shall any Purchaser make the initial Purchase or any Incremental Purchase if, after giving effect to such Purchase or Incremental Purchase, the aggregate Capital outstanding hereunder would exceed the lesser of (i) the Purchase Limit or (ii) the Capital Limit.

• The Seller is hereby deemed to represent and warrant that on each day prior to the Termination Date, the amount of Capital outstanding on such day shall not exceed the lesser of (x) the Purchase Limit or (y) the Capital Limit.

• Under no circumstances shall the Lender make any Loan if, after giving effect to the Borrowing of such Loan, either (a) an Early Amortization Event or an event that but for notice or lapse of time or both would constitute an Early Amortization Event has occurred and is continuing or (b) the aggregate Facility Amount hereunder would exceed the lesser of (i) the Borrowing Limit minus the Discount Amount and (ii) the Capital Limit.

• Under no circumstances, however, shall the Purchaser be obligated to make any Purchase if, after giving effect to the payment of the Cash Purchase Price relating to such Purchase, either (i) the aggregate Capital Payout hereunder would exceed the Purchase Limit, or (ii) the aggregate Capital outstanding would exceed the Capital Limit.

• Under no circumstances shall Triple-A make any Receivables Purchase if, after giving effect to such Receivables Purchase, the aggregate outstanding Capital hereunder would exceed the least of (i) the Facility Limit, (ii) the Capital Limit, or (iii) the sum, on such Receivables Purchase Date, of (a) the net proceeds from the sale of Commercial Paper PLUS (b) the proceeds of Advances.

More Definitions of Capital Limit

Capital Limit means, at any time, an amount equal to the sum of (i) the difference between (a) the Net Receivables Balance at such time minus (b) Aggregate Reserves, plus (ii) the balance of good funds on deposit in the Equalization Account on such date.

Capital Limit means, at any time, an amount equal to: EXX - MOCA + CA where: EXX = the Eligible Receivables Balance at such time; MOCA = the Minimum Overcollateralization Amount at such time; and CA = the amount of Collections on deposit in the Collection Account at such time to be applied in accordance with Section 2.05 on the next Remittance Date, minus the portion of such Collections which are required for the payment of accrued Yield and Fees.

Capital Limit means the overall maximum net inflow/outflow from investing activities incurred by the Borrower as set by the Lender for any relevant financial year

Capital Limit means, at any time, an amount equal to: ANEB + CA where: ANEB = the Adjusted Net Eligible Receivables Balance at such time; and CA = the amount of Collections on deposit in the Collection Account at such time to be applied in accordance with Section 2.05 on the next Remittance Date.

Capital Limit means, on any day, (A) the Discounted Eligible Receivables Balance on such day minus (B) the Aggregate Reserves on such day.

Capital Limit means the amount prescribed for the purposes of section 130(1) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992(g) as it applies to income support;

Capital Limit means, an amount equal to the sum of (A) the lesser of (1) the Maximum Facility Amount or (2) the lesser of (i) 95% of the Aggregate Net Investment at such time, (ii) 87% of the Eligible Receivables Balance at such time and (iii) the positive difference between the Eligible Receivables Balance at such time and $3,000,000 and (B) the amount of Collections on deposit in the Collection Account and the Master DDA Account at such time to be applied in accordance with Section 2.06 on the next Remittance Date, minus the portion of such Collections which are required to be maintained for the payment of accrued Yield and accrued and unpaid Fees and Liquidation Fees pursuant to Section 2.05(a) hereof.