Examples of Eligible Real Property in a sentence
If, at any time, (A) the aggregate outstanding amount of all Real Property Sublimit Loans on such date exceeds (B) the Real Property Sublimit Formula Amount with respect to all Eligible Real Property reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Agent, then Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the amount of such excess.
It is hereby agreed that, as of the Amendment Effective Date, the Released Property shall no longer constitute Eligible Real Property for purposes of the Loan Documents.
Notwithstanding anything to the contrary contained herein, the portion of the Borrowing Base on any date calculated with reference to Eligible Real Property and Eligible Equipment collectively, shall not exceed twenty percent (20%) of the Maximum Revolver Amount, and the aggregate amount of Adjusted Revolver Usage based on Eligible Inventory consisting of yarn classified as work-in-process outstanding at any time shall not exceed $2,500,000 at any time.