Aggregate Loan Amount Sample Clauses

The Aggregate Loan Amount clause defines the total maximum sum that a lender is willing to provide to a borrower under a loan agreement. This clause typically sets a cap on the combined principal of all loans or advances made, ensuring that the borrower cannot exceed this overall borrowing limit regardless of the number of individual drawdowns or tranches. By establishing a clear upper boundary on the total funds available, the clause helps manage the lender’s risk exposure and provides certainty to both parties regarding the financial scope of the agreement.
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Aggregate Loan Amount. Under the terms of (i) the Existing Loan Agreement, an aggregate principal amount of Existing Loans, together with accrued but unpaid interest and fees, of $32,894,512 is outstanding as of the Closing Date and (ii) under the terms of the Existing Master Lease Agreement, an aggregate principal amount of $1,072,074 is outstanding as of the Closing Date. The Existing Portion and the Existing Lease Balance shall, pursuant to the terms hereof, be consolidated and restructured as a Loan which shall consist of (i) a loan in the aggregate principal amount of $7,000,000 (the "Tranche A Loan") and (ii) a loan in the amount of $2,000,000 (the "Tranche B Loan"). All principal and other amounts included in the Existing Portion and the Existing Lease Balance other than those amounts restructured as the Tranche A Loan and Tranche B Loan, shall, as of the Closing Date, be converted into shares of Convertible Preferred Stock in accordance with, and subject to the terms and conditions of, the Restructuring Agreement and the other Restructuring Transaction Documents.
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Aggregate Loan Amount. The Loan shall consist of a term loan from Lenders to Borrower in the maximum aggregate amount of $30,000,000, comprised of the Initial Portion, the Merger Portion, the Subsequent Portion and the Acquisition Portion.
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Aggregate Loan Amount. The Loan shall consist of a term credit facility made available by Lenders to Borrower in the maximum aggregate amount of $17,500,000. As of the date of the Fourth Amendment, (i) $300,000 of the Capital Expenditure Portion, (ii) $1,800,000 of the SAFE Attrition Guaranty Portion and (iii) $2,000,000 of the SAFE Debt Portion remain available to be disbursed on or before December 31, 2000 pursuant to the terms hereof.
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Aggregate Loan Amount. The Loan shall consist of a term credit facility made available by Lenders to Borrower in the maximum aggregate amount of $45,000,000, comprised of the Initial Portion and the Acquisition Portion.
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Aggregate Loan Amount. $240 million, in the form of a $120 million senior credit facility (the "Senior Facility") and at least $120 million in subordinated bridge notes (the "Notes").
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Aggregate Loan Amount. As used herein, the "Aggregate Loan Amount" shall mean the sum of the principal balances outstanding as of Master Modification Closing Date or from time to time thereafter for the Bridge Loan, the Long Wharf Loan, the Ocean City Loan, the Avenue Plaza Loan, the Bluebeard Loan, and the A&D Loan; the Aggregate Loan Amount as of April 17, 2001 is $38,824,006.87.
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Aggregate Loan Amount. The Aggregate Loan Amount does not exceed the Borrowing Base and the Aggregate Loan Amount does not exceed the Program Limit.
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Related to Aggregate Loan Amount

  • Loan Amount 5. ACCOUNT NAME(S) ............................................................................................................................................................................. BANK NAME / BRANCH ..................................................................................................................................................................

  • Amount of Swing Line Loans Upon the satisfaction of the conditions precedent set forth in Section 4.2 and, if such Swing Line Loan is to be made on the date of the initial Credit Extension hereunder, the satisfaction of the conditions precedent set forth in Section 4.1 as well, from and including the Restatement Effective Date and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans in Dollars to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided that (i) the Aggregate Outstanding Credit Exposure shall not at any time exceed the Aggregate Commitment and (ii) at no time shall the sum of (a) the Swing Line Loans then outstanding, plus (b) the outstanding Revolving Loans made by the Swing Line Lender pursuant to Section 2.1 (including its participation in any Facility LCs), exceed the Swing Line Lender’s Commitment at such time. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Swing Line Loans at any time prior to the Facility Termination Date.

  • Line of Credit Amount (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the “Facility No. 1 Commitment”) is Five Million and 00/100 Dollars ($5,000,000.00). (b) This is a revolving line of credit. During the availability period, the Borrower may repay principal amounts and reborrow them. (c) The Borrower agrees not to permit the principal balance outstanding to exceed the Facility No. 1

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this Second Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this Second Supplemental Indenture.

  • Revolving Committed Amount If at any time after the Closing Date, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall exceed the Revolving Committed Amount, the Borrower shall immediately prepay the Revolving Loans and Swingline Loans and (after all Revolving Loans and Swingline Loans have been repaid) Cash Collateralize the LOC Obligations in an amount sufficient to eliminate such excess (such prepayment to be applied as set forth in clause (vii) below).