Exposure Exceeds Ceiling Dollar Value Clause Samples

Exposure Exceeds Ceiling Dollar Value. If at any time the aggregate ------------------------------------- Dollar Value of Advances of Gold and the principal of Advances of Dollars outstanding exceeds the Ceiling Dollar Value for the Commitment under which such Advances were made, the Borrower will, at its option, either (i) post with the Agent security reasonably acceptable to the Banks in such amounts (valued on the date of posting) as will equal or exceed the excess, or (ii) promptly prepay to the Banks such amounts of Gold and/or Dollars as will equal or exceed the excess, in either case together with interest accrued thereon to the date of such posting or prepayment, as the case may be, and any Breakage Costs. The Agent agrees that (i) as soon as practicable after the amount by which the aggregate Dollar Value of Advances of Gold and the principal of Advances of Dollars outstanding exceeds the Ceiling Dollar Value for the Commitment under which such Advances were made is reduced by $100,000 or more, the Agent shall return to the Borrower the corresponding amount of collateral, and (ii) the Agent will return remaining collateral to the Borrower, in increments of $100,000 (or such lesser amount equal to the remaining excess), as soon as practicable after the remaining excess of the aggregate Dollar Value of Advances of Gold and the principal of Advances of Dollars outstanding over the Ceiling Dollar Value for the Commitment under which such Advances were made is further reduced by such amount.
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Related to Exposure Exceeds Ceiling Dollar Value

  • 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).

  • Maximum Credit Patheon's liability for Active Materials calculated in accordance with this Section 2.2 for any Product in a Year will not exceed, in the aggregate, the Maximum Credit Value set forth in Schedule D to a Product Agreement.

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • Maximum Drawing Amount The maximum aggregate amount that the beneficiaries may at any time draw under outstanding Letters of Credit, as such aggregate amount may be reduced from time to time pursuant to the terms of the Letters of Credit.

  • Unused Revolving Line Facility Fee A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and