Common use of Maximum Availability Clause in Contracts

Maximum Availability. Borrower shall not permit the sum of (i) the Total Outstandings plus (ii) the “Total Outstandings” under, and as defined in, the Existing Facility to exceed forty percent (40%) of the Unencumbered Asset Value as of any date.

Appears in 1 contract

Sources: Credit Agreement (PMC Commercial Trust /Tx)

Maximum Availability. Borrower shall not permit the sum of (i) the Total Outstandings plus (ii) the “Total Outstandings” under, and as defined in, the Existing Bridge Facility to exceed forty percent (40%) of the Unencumbered Asset Value as of any date.

Appears in 1 contract

Sources: Credit Agreement (PMC Commercial Trust /Tx)