MAXIMUM AMOUNT FINANCED Clause Samples

The Maximum Amount Financed clause sets a cap on the total sum of money that a lender will provide to a borrower under a financing agreement. In practice, this clause specifies the upper limit of funds available, regardless of the borrower's needs or requests, and may be detailed as a fixed dollar amount or a formula based on certain criteria. By clearly defining the maximum exposure for the lender, this clause helps manage financial risk and ensures both parties understand the boundaries of the financing arrangement.
MAXIMUM AMOUNT FINANCED. No Obligor shall be the Obligor on Receivables on which the sum of the Principal Balances of such Receivables is greater than $72,100.00.
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MAXIMUM AMOUNT FINANCED. No Obligor shall be the Obligor on Receivables on which the sum of the Principal Balances of such Receivables is greater than $_________.
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Related to MAXIMUM AMOUNT FINANCED

  • Maximum Amount In consideration of the services to be performed by Contractor, the State agrees to pay Contractor, in accordance with the payment provisions specified in Attachment B, a sum not to exceed $250,000.00.

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.

  • Maximum Amount Payable The maximum amount payable under this contract without modification is shown in Attachment E, Fee Schedule. Payment under this contract beyond the end of the current fiscal biennium is subject to availability of appropriated funds. If funds are not appropriated, this contract shall be terminated immediately with no liability to either party.

  • Minimum Amount No prepayment shall be required pursuant to Section 5.2(a)(i) (i) in the case of any Disposition yielding Net Cash Proceeds of less than $1,000,000 in the aggregate and (ii) unless and until the amount at any time of Net Cash Proceeds from Prepayment Events required to be applied at or prior to such time pursuant to such Section and not yet applied at or prior to such time to prepay Term Loans pursuant to such Section exceeds (x) $10,000,000 for a single Prepayment Event or (y) $50,000,000 in the aggregate for all Prepayment Events (other than those which are either under the threshold specified in subclause (i) or over the threshold specified in subclause (ii)(x)) in any one fiscal year, at which time all such Net Cash Proceeds referred to in this subclause (y) with respect to such fiscal year shall be applied as a prepayment in accordance with this Section 5.2.

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