Borrowing Capacity Sample Clauses
The Borrowing Capacity clause defines the maximum amount of debt or credit a party, typically a borrower, is permitted to incur under an agreement. It often sets specific financial thresholds or ratios, such as debt-to-equity limits, and may require the borrower to maintain certain financial conditions or obtain lender approval before taking on additional debt. This clause serves to protect the lender by ensuring the borrower does not overextend financially, thereby reducing the risk of default and maintaining the overall creditworthiness of the borrower throughout the term of the agreement.
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Borrowing Capacity. The definition of “Borrowing Capacity” contained in Section 1.1(e) of the Loan Agreement is hereby deleted and the following is substituted therefor:
Borrowing Capacity. Project finance helps in increasing the level of debt which may be raised for a project, as non-recourse finance is not counted against corporate credit lines. However, this increases the overall borrowing capacity of an investor and they make investment in various major projects simultaneously.
Borrowing Capacity. This term means the amount of funds which are able to be raised by the issuance of revenue bonds or through other financing mechanisms, less bond issuance expenses and reserves.
Borrowing Capacity. If upon the submission of any inventory report as contemplated by paragraph 6.1 of this Agreement, the Borrowing Capacity is less than the sum of the aggregate principal balance of all then outstanding Advances (inclusive of the Dollar Equivalent of all outstanding Euro Denominated Revolving Loans) and the aggregate face amount (or Dollar Equivalent thereof as of such time) of Letters of Credit and the Borrower fails to immediately pay such difference to the Agent for the benefit of the Lenders.
Borrowing Capacity. For any VFN on any date, the difference between (i) the related Maximum VFN Principal Balance on such date and (ii) the related VFN Principal Balance on such date.
Borrowing Capacity. Bank shall make available to Borrowers, a secured revolving credit facility (the “Revolving Credit”) with a maximum principal amount at any one time outstanding equal to the lesser of (i) $2,000,000.00 or (ii) the Borrowing Base. The Revolving Credit shall be subject to all of the terms hereof, may be availed of by Borrowers from time to time, may be repaid by Borrowers and may be availed of by Borrowers again.
Borrowing Capacity. Any provision of this Agreement or any other Financing Agreement to the contrary notwithstanding, in the event that the Borrowing Capacity is less than zero (0) at any time, Borrower shall upon the request of the Bank immediately pay to the Bank the amount of the Available Amount of Standby Letters of Credit, all Advances and any other financial accommodations made by the Bank hereunder sufficient to cause the Borrowing Capacity to equal zero (0).
Borrowing Capacity. The term "Borrowing Capacity" for the Revolving Loan means, at the time of computation, the lesser of $18,000,000.00, or the then existing "Collateral Availability" (as defined below in this Article 1) reduced by:
Borrowing Capacity. (SS 1.1(c)) Borrowing Capacity at any time shall be the net amount determined by taking the lesser of the following amounts:
(A) $300,000.00 or
(B) the amount equal to the sum of: (i) 85% of the Receivable Borrowing Base; (ii) n/a% of the Inventory Borrowing Base; and subtracting from the lessor of (A) or (B) above, the sum of (a) banker's acceptances, plus (b) letters of guaranty, plus (c) standby letters of credit.
Borrowing Capacity. The parties hereto acknowledge and agree that there is no remaining Borrowing Capacity available hereunder and that the Lender has no further obligation to make loans to the Borrower.