Maximum Outstanding Amount definition

Maximum Outstanding Amount means $226,300,000, as such amount may be reduced pursuant to Section 2.02(f) or increased up to an amount not to exceed the Aggregate Commitments with the written consent of the Required Lenders.

Maximum Outstanding Amount means, for all Transactions related to the JPM Repurchase Agreements, an amount equal to $276,005,779.85; provided that solely for purposes of Article 3(m), the Maximum Outstanding Amount may be adjusted pursuant to Article 5.

Maximum Outstanding Amount means, at any given time,the lesser of (i) the Borrowing Base Value at such time and (ii) $15,000,000.00.

Examples of Maximum Outstanding Amount in a sentence

• The initial Maximum Outstanding Amount, effective from the date hereof, is U.S. $95,000,000.

• Any payments required to cure any Borrowing Base Deficiency shall be made by Parent to the lenders under the U.S. Facility and by the Company to the Banks (with the Maximum Outstanding Amount to be reduced by the amount of such payments by the Company) in the manner provided in the Intercreditor Agreement.

• The Borrower agrees to pay to the Administrative Agent for the account of each Lender a set-up fee, payable in installments on the date of each Borrowing, equal to, in each case, the amount of 1% of the positive difference, if any, between (a) the outstanding principal amount of the Loans after giving effect to such Borrowing and (b) the Maximum Outstanding Amount.

• The Company shall from time to time designate a maximum principal amount, denominated in U.S. Dollars, permitted to be outstanding hereunder for the period during which such designation is effective (such amount being herein called the "Maximum Outstanding Amount").

• The Company shall from time to time on demand by the Administrative Agent prepay the Loans (or provide Cover for Letter of Credit Liabilities and the face amount of Bankers' Acceptances) in such amounts as shall be necessary so that at all times the aggregate outstanding principal amount (including therein the face amount of all outstanding Bankers' Acceptances) of all Revolving Credit Obligations shall not be in excess of the Maximum Outstanding Amount plus any Cover provided under this Section 3.2(b)(1).

More Definitions of Maximum Outstanding Amount

Maximum Outstanding Amount shall have the meaning ascribed to such term in Section 2.9 hereof.

Maximum Outstanding Amount means, for all Transactions, an amount equal to $50,893,935.84.

Maximum Outstanding Amount means, for all Transactions, an amount equal to $145,079,971.34; provided that solely for purposes of Section 4.01, the Maximum Outstanding Amount may be adjusted pursuant to Section 4.07(e).

Maximum Outstanding Amount means, as of any date of determination, the greatest aggregate amount of Loans that have been outstanding at any one time during the Availability Period, excluding any Loans to be made on the date of such determination.

Maximum Outstanding Amount means, as of the Eleventh Amendment Effective Date, an amount equal to $230,000,000 and, as of December 1, 2018, an amount equal to $170,000,000, in each case, as such amount may be reduced pursuant to Section 2.05 or increased up to an amount not to exceed the Aggregate Commitments with the written consent of the Required Lenders.

Maximum Outstanding Amount means (i) as of the Sixteenth Amendment Effective Date, an amount equal to $186,899,423 and (ii) as of April 30, 2019, an amount equal to the lesser of (x) $135,799,423 or (y) $186,899,423 minus the Disposition B Reduction Amount, in each case, as such amount may be subsequently reduced from time to time pursuant to Section 2.05 or increased up to an amount not to exceed the Aggregate Commitments with the written consent of the Required Lenders.

Maximum Outstanding Amount means $205,727,000, as such amount may be reduced pursuant to Section 2.02(f) or the provisions of the Tenth Amendment or increased up to an amount not to exceed the Aggregate Commitments with the written consent of the Required Lenders. (b) Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions to such section in the appropriate alphabetical order: “Tenth Amendment” means that certain Tenth Amendment to Credit Agreement, dated as of the Tenth Amendment Effective Date, by and among the Loan Parties, the Administrative Agent and the Lenders. “Tenth Amendment Effective Date” means June 15, 2018. (c) Section 2.05(f) of the Credit Agreement is hereby amended and restated in its entirety as follows: (f) If for any reason, at any time, the ratio of (a) Total Assets as set forth in the Asset Coverage Ratio Certificate delivered pursuant to Section 6.02(h) with respect to the last Business Day of the preceding calendar week to (b) Total Outstandings is less than (i) 1.05 to 1.0 at any time on or prior to July 13, 2018 or (ii) 1.85 to 1.0 at any time after July 13, 2018, the Borrower shall on the next Business Day prepay Loans and/or Cash Collateralize the Dollar Equivalent of the L/C Obligations in the aggregate amount necessary to reduce the Total Outstandings to an amount that would comply with the applicable foregoing ratio, without a corresponding reduction of the Aggregate Commitments, the Maximum Outstanding Amount or the Maximum Borrowing Amount. (d) Section 4.02(f) of the Credit Agreement is hereby amended by replacing each occurrence of the date “June 15, 2018” in such section with the date “July 13, 2018”. (e) Each of Sections 6.12(a), (b) and (c) of the Credit Agreement is hereby amended and restated in its entirety as follows: (a)