Maximum Loan means the maximum aggregate amount to be loaned hereunder not to exceed Four Million Dollars ($4,000,000).
Maximum Loan has the meaning set forth in Section 2.1.
Maximum Loan. Amount shall mean the least of the following: (i) the maximum amount of Loans which may be outstanding without causing a violation of Section 9.1; (ii) the maximum amount of Loans which may be outstanding without causing a violation of Section 9.2; and (iii) the Total Commitment. Mortgaged Properties. The (a) Real Estate Assets described on Schedule 1.1 hereto and such other Real Estate Assets which may be subsequently conveyed to the Agent as Additional Properties to secure the Obligations in accordance with 5.3 hereof, excluding from the foregoing any Real Estate Assets which the Agent may release pursuant to 5.5 hereof, as such Real Estate Assets are more particularly described in the Security Deeds; (b) the Buildings and Building Service Equipment located thereon and (to the extent assignable) all Permits relating thereto; and (c) all other property incident to any of same described in any Security Document or other Loan Document. Mortgagor. With respect to each of the Mortgaged Properties, the owner thereof. Multi-employer Plan. Any multiemployer plan within the meaning of 3(37) of ERISA maintained or contributed to by the Borrower or any ERISA Affiliate. Net Offering Proceeds. All cash proceeds received after the date hereof by the Borrower or the Company as a result of the sale of common, preferred or other classes of stock of the Company or the issuance of limited partnership interests in the Borrower less customary costs and discounts of issuance paid by Company or Borrower in connection therewith. Net Operating Income. With respect to any fiscal period of the Borrower and with respect to any one or more of the Real Estate Assets, the total rental and other operating income from the operation of such Real Estate Assets after deducting all expenses and other proper charges incurred by the Borrower in connection with the operation of the Mortgaged Properties during such fiscal period, including, without limitation, real estate taxes and bad debt expenses, but before payment or provision for Fixed Charges, income taxes, and depreciation, amortization, and other non-cash expenses, all as determined in accordance with generally accepted accounting principles. Notes. See 2.3.
Examples of Maximum Loan in a sentence
Maximum Loan Amount: Loans will be limited to a maximum amount of $200,000 or 40% of project costs, whichever is less.
The aggregate principal amount of the Advance funded hereunder shall not exceed the Maximum Loan Amount.
Shipper shall deliver to Enbridge and Enbridge shall accept on a firm basis, the Maximum Loan Balance in the following manner: for the period of <DATE> to <DATE>, inclusive, each and every day, a quantity of day)>, a quantity of Injection Quantity”).
The Maximum Loan Amount is the total credit approved as outlined in Section I.
Applied For $ (Minimum is $1,000, maximum is $50,000) *See Maximum Loan Amount Rules under item 7.
More Definitions of Maximum Loan
Maximum Loan. Amount as defined in Section 2.1.1.
Maximum Loan. Amount shall mean $20,000,000 (subject to increase pursuant to the Accordion). Mortgage shall mean that certain Deed of Trust, Assignment of Leases and Rents and Security Agreement, dated the date hereof, by Towers in favor of Lender, as the same may be amended, restated, modified or supplemented from time to time. Mortgaged Property shall mean that certain real property located at 0000 X. Xxxxxx Boulevard, Abilene, Texas.
Maximum Loan. Amount shall mean Fifty-five Million Dollars ($55,000,000.00).
Maximum Loan means the maximum aggregate amount to be loaned hereunder not to exceed the lesser of (i) Eleven Million Dollars ($11,000,000) or (ii) the actual cost to Borrower to acquire the FF&E.
Maximum Loan means $625,000,000.
Maximum Loan. Amount shall mean $25,000,000.”
Maximum Loan. AMOUNT For Contracts with Contract Value of $20,000 or less, the maximum loan that may be taken is the amount that produces a loan balance immediately after the loan that is the lesser of $10,000 or 75% of the Contract Value. For Contracts with Contract Value over $20,000 the maximum loan that may be taken is the amount that produces a loan balance immediately after the loan that is the lesser of: (1) $50,000 reduced by the excess of (a) the highest outstanding loan balance during the preceding 12 month period ending on the day before the date the loan is made over (b) the outstanding loan balance on the date the loan is made; or (2) 50% of the Contract Value. The aggregate of all loans may not exceed the limitations set forth above. LOAN ACCOUNT, AND INTEREST EARNED ON LOAN ACCOUNT When your loan is approved, the Company will transfer Contract Value from the Subaccounts or allocate Fixed Account Contract Value to an account called the Loan Account in an amount equal to the loan amount. Any such transfer shall be allocated proportionately to the Owner's Contract Value in the Subaccounts and the Fixed Account, unless otherwise directed by the Owner. The Loan Account is part of the Fixed Account and amounts allocated to the Loan Account earn the Minimum Guaranteed Interest Rate specified in the Contract.