Lending Limit Clause Samples

Lending Limit. Subject to the conditions set forth herein, the Lender agrees that it shall from time to time up to and including the Business Day immediately preceding the Maturity Date, advance loans (the "Loans" or a "Loan") to the Company in amounts not to exceed, in the aggregate at any one time outstanding (determined after giving effect to the other transactions contemplated by the Loan Request pursuant to which said Loan was requested), the lesser of:

Lending Limit. Any Request for a Loan hereunder shall be limited in amount, such that the sum of (i) the principal amount of such Request; (ii) the Outstanding Principal Amount under this Note; and (iii) the aggregate face amounts of (or, if greater, Borrower’s aggregate reimbursement obligations to the Bank (or any of its affiliates) in connection with) any letters of credit issued by the Bank (or any of its affiliates) at the request (or for the benefit) of Borrower, pursuant to this Credit; does not exceed the Maximum Principal Amount under this Note.

Lending Limit. (A) For each Scheme Period: (1) the Lending Total must not exceed the Lending Limit; and (2) on any day during that Scheme Period, the aggregate Refinancing Amounts of all Scheme Facilities made available by the Lender to all Borrowers under the Scheme (calculated using the same principles as used in calculating the Lending Total, as set out in Clause 6.2) must not exceed 20% (or such other percentage as the Guarantor may from time to time notify for such purpose to the Lender) of the Lending Total (the “Refinancing Limit”), and any lending in excess of such Lending Limit or such Refinancing Limit will not be covered by the guarantee provided to the Lender pursuant to Clause 2 (Guarantee). If the Guarantor notifies the Lender that the Refinancing Limit is to change as contemplated in Clause 6.1(A)(2) above: (i) any such change shall not have retroactive effect and (ii) shall only have effect from the first day of the next succeeding Scheme Period following such notice. (B) For the purposes of determining whether the Lending Limit is exceeded under Clause 6.1(A) or for the purposes of Clause 6.3 below, if the actual or projected lending by the Lender does not exceed 105% of the amount of the Lending Limit, then for the purposes of such clauses, the Lender will, in respect of the relevant Scheme Period, be deemed to have met, or can consider itself to be projected to meet, its Lending Limit.

Lending Limit. Any notification to be given by the Lender under Clause 6.3 must be given by either one Group Lender as agent for and on behalf of all the Group Lenders (in which case all the Group Lenders will be bound) or by all the Group Lenders.

Lending Limit. Subject to the conditions set forth herein, the ------------- Lenders severally agree that they shall, from time to time up to and including the Business Day immediately

Lending Limit. Subject to the conditions set forth ------------- herein, the Lenders severally agree that they shall (and the Companies hereby irrevocably authorize and direct them) from time to time up to and including the Business Day immediately preceding the Maturity Date, advance and readvance their respective Percentage Shares of loans (the "Tranche G Loans" or a "Tranche G Loan") directly to the Administrative Agent for the benefit of the L/C Bank for the account of the Companies and at the request of the L/C Bank, for the purpose of reimbursing the L/C Bank for unrepaid L/C Drawings, in amounts not to exceed, in the aggregate at any one time outstanding, the lesser of: (1) The L/C Credit Limit minus the sum of (i) the aggregate amount of all unrepaid L/C Drawings and (ii) the maximum aggregate amount available to be drawn on all outstanding Letters of Credit; and (2) The Aggregate Collateral Value of the Borrowing Base minus the sum of (i) the aggregate dollar amount of all Loans outstanding, and (ii) the aggregate amount of all unrepaid L/C Drawings, and (iii) the maximum aggregate amount available to be drawn under all outstanding Letters of Credit. Provided, however, that (i) for purposes of the calculations under this -------- ------- Paragraph 6C(a), the Lenders shall, so long as there shall not exist an Event of Default or Potential Default, deem unrepaid L/C Drawings outstanding on any date not to include L/C Drawings being paid with a Tranche G Loan on such date; and (ii) notwithstanding anything contained herein to the contrary, at no time may the sum of all Tranche A Loans outstanding, all Tranche B Loans outstanding, all Tranche C Loans outstanding, all Tranche D Loans outstanding, all Tranche E Loans outstanding, all Tranche F Loans outstanding, all Tranche G Loans outstanding, the aggregate amount of all L/C Drawings which have not been reimbursed by the Companies, the maximum aggregate amount available to be drawn under all outstanding Letters of Credit, and all Swing Line Loans outstanding exceed the lesser of (i) the Aggregate Collateral Value of the Borrowing Base or (ii) the Aggregate Facility Commitment at such time.

Lending Limit. The obligation to make Loans hereunder in excess of the Level 1 Lending Limit shall be subject to the satisfaction of the condition that the Borrowers shall have received an additional $35,000,000 of funded equity or Qualified Intercompany Loans.

Lending Limit. The aggregate principal amount of all Loans outstanding at any time shall not exceed the lesser of (x) the Funding Limit and (y) the Facility Cap (as the same may be reduced from time to time pursuant to the provisions hereof; such lesser amount, as may be reduced from time to time, to be referred to herein as the “Lending Limit”).

Lending Limit. On the terms and subject to the conditions set forth in this Agreement, the Lender agrees that it shall establish a revolving credit facility in favor of the Borrower in an amount set forth in the Loan Information (the "Revolving Credit Facility"). From time to time before the Maturity Date, Lender shall make one or more advances under the Revolving Credit Facility (each, a "Loan" and collectively, the "Loans") in aggregate outstanding amounts not to exceed, at any one time, the Credit Limit. Amounts borrowed under this Agreement and repaid may be re-borrowed as provided in this Agreement.