Credit Restrictions Sample Clauses
The Credit Restrictions clause limits or regulates the amount and terms of credit that may be extended under an agreement. Typically, it sets boundaries on borrowing, such as maximum credit limits, approved types of credit, or conditions under which credit can be increased or modified. This clause helps prevent excessive indebtedness or financial risk by ensuring that credit is only extended within agreed-upon parameters, thereby protecting the interests of the parties involved.
Credit Restrictions. Subject to the terms and conditions hereof, the aggregate amount of credit outstanding under the Credit Facility shall not at any time exceed the Credit Limit. The Borrower shall not drawdown credit under the Credit Facility solely for the purpose of accumulating cash in deposit or investment accounts outside the ordinary course of business.
Credit Restrictions. Any period of downtime from the same set of events may not generate more than one credit for that downtime. Credits for any Space will not exceed 25% of the MRC for such Space. All measurements of service level standards will be suspended during scheduled maintenance. The scheduled maintenance procedure can be found at: ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇/▇▇▇▇▇▇▇/▇▇▇▇▇▇▇- assurance-user-guides/.
Credit Restrictions. Notwithstanding any other provision hereof, the Borrowers shall be entitled to obtain credit by way of LIBOR Loans or Bankers' Acceptances only in such amounts so as to ensure that the Lenders are not required to make a LIBOR Loan for a principal amount other than US$200,000 or an integral multiple of US$100,000 in excess thereof or to accept a Bankers' Acceptance having a face amount other than CDN$500,000 or an integral multiple of CDN$1,000 in excess thereof.
Credit Restrictions. Any extension of credit under this Agreement by way of LIBOR Loans shall be in a minimum amount of $2,000,000, and in each case whole multiples of $100,000.
Credit Restrictions. Any extension of credit under this Agreement by way of Term Benchmark Loans shall be in a minimum amount of $2,000,000, and in each case whole multiples of $100,000.
Credit Restrictions. Subject to the terms and conditions hereof, the aggregate amount of credit outstanding under the RT Facility shall not at any time exceed the RT Credit Limit.
Credit Restrictions. LICENSEE may in its sole discretion provide SOUTHWALL with adequate information to provide SOUTHWALL with reasonable assurance of payment, which may include audited financial statements of LICENSEE, bank references, trade references and other similar information.
Credit Restrictions. Notwithstanding any other provision hereof, the Borrower shall be entitled to obtain credit by way of BA Rate Loans or Bankers’ Acceptances only in such amounts so as to ensure that no Lender is required to make a BA Rate Loan for a principal amount other than an integral multiple of $1,000, to make a LIBOR Loan for a principal amount other than an integral multiple of U.S. $1,000 or to accept a Bankers’ Acceptance having a face amount other than an integral multiple of $1,000. Any extension of credit by way of Bankers’ Acceptance shall be in a minimum of $2,000,000 and otherwise in multiples of $100,000. Any extension of credit by way of LIBOR Loan shall be in a minimum amount of U.S. $2,000,000 and otherwise in multiples of U.S. $100,000.
Credit Restrictions. Subject to the terms and conditions hereof, the aggregate amount of credit outstanding under the RT Facility shall not at any time exceed the RT Credit Limit. At no time shall the aggregate amount of credit outstanding under the NRT Facility exceed the NRT Credit Limit other than any such excess that results solely from currency fluctuations. Any extension of credit hereunder by way of Prime Rate Loans (other than Prime Rate Loans made pursuant to the Swingline Availability) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess thereof. Any extension of credit hereunder by way of Base Rate Canada Loans (other than Base Rate Canada Loans made pursuant to the Swingline Availability) shall be in a minimum amount of U.S.$1,000,000 and in integral multiples of U.S.$100,000 in excess thereof. Any extension of credit hereunder by way of Bankers’ Acceptances shall be in a minimum amount of $1,000,000 and in integral multiples of $1,000 in excess thereof. Any extension of credit hereunder by way of LIBOR Loans shall be in a minimum amount of U.S.$1,000,000 and in integral multiples of U.S.$100,000 in excess thereof.
Credit Restrictions. Notwithstanding any other provision hereof, (i) the Borrowers shall be entitled to obtain credit by way of LIBOR Loans or Bankers' Acceptances only in such amounts so as to ensure that the Lenders are not required to make a LIBOR Loan for a principal amount other than US$200,000 or an integral multiple of US$100,000 in excess thereof or to accept a Bankers' Acceptance having a face amount other than CDN$500,000 or an integral multiple of CDN$1,000 in excess thereof and (ii) the U.S. Borrower shall not, with respect to any particular Credit Facility, be entitled to avail itself of anymore than 90.625% of the applicable limit set forth in Section 2.1 in respect of any such particular Credit Facility.