Maximum Available Credit definition

Maximum Available Credit means the maximum amount of Loans which may be outstanding under this Agreement as determined in accordance with Section 2.2.12 hereof.
Maximum Available Credit means the sum of (i) the 1993 Maximum Available Credit, plus (ii) the 1994 Maximum Available Credit.
Maximum Available Credit means $3,000,000.

Examples of Maximum Available Credit in a sentence

  • This Letter of Credit shall remain a valid, enforceable and continuing obligation of the Lender pursuant to its terms unless the County shall have presented Lender with this original Letter of Credit marked “Satisfied and Released,” thereby releasing the Lender from all further liability under this Letter of Credit, or until such time as the Maximum Available Credit shall have been disbursed.

  • The capped credit amount, also known as the Maximum Available Credit, is listed per the customer’s OAT in the applicable rate section of the Option CPP of the applicable TOU rate schedule.

  • The draft in the sum of $ accompanying this Certificate is not in excess of the Maximum Available Credit of the Letter of Credit and shall result in a reduction of the Maximum Available Credit of the Letter of Credit.

  • Then S∞(ρAB σAB) ≥ S∞(ρA σB).Fact 3.13 Let ρ, σ, and τ be density matrices such that S∞(ρ σ) ≤ λ1 and S∞(σ τ ) ≤ λ2.

  • Borrower agrees to immediately repay, without notice or demand, any principal balance of the Line in excess of the Maximum Available Credit.


More Definitions of Maximum Available Credit

Maximum Available Credit means $35,000,000 as such amount may be reduced pursuant to Section 3.4 hereof."
Maximum Available Credit means One Million Two Hundred and Fifty Thousand ($1,250,000) Dollars of principal outstanding at any time. Capitalized interest shall not be considered as principal for purposes of determining the Maximum Available Credit.
Maximum Available Credit means the lesser of (i) the Maximum Revolving Advance Amount less the MaximumUndrawn Amount of all outstanding Letters of Credit or (ii) the Formula Amount.
Maximum Available Credit means, as of the date of this Agreement, the sum of $22,847,762.50, and hereafter shall mean the maximum amount available to be drawn by the Trustee under the Letter of Credit for principal and interest due on account of the Floating Rate Notes upon (i) mandatory or optional redemption of the Floating Rate Notes, (ii) mandatory or optional tender of the Floating Rate Notes, or (iii) on account of acceleration of the Floating Rate Notes following the occurrence of an Event of Default.
Maximum Available Credit means three million dollars ($3,000,000) of principal outstanding at any time.
Maximum Available Credit means (i) prior to the first anniversary of the Closing Date, the Commitment Amount and (ii) on and after the first anniversary of the Closing Date, sixty five percent (65%) of the Gross Asset Value of Collateral, determined as of the end of the Last Reported Calendar Quarter.
Maximum Available Credit as defined in the Letter of Credit.