Maximum Borrowings Sample Clauses
The Maximum Borrowings clause sets a cap on the total amount of money a borrower can owe under a loan agreement at any given time. This limit applies to all outstanding loans, advances, or credit extensions provided by the lender, ensuring that the borrower cannot exceed a predetermined borrowing threshold. By establishing this ceiling, the clause helps manage the lender’s risk exposure and provides clear boundaries for the borrower’s financial obligations.
Maximum Borrowings. More than one Borrowing may be incurred by the Borrower on any day, provided that (i) if there are two or more Borrowings on a single day by the Borrower that consist of Eurodollar Loans, each such Borrowing shall have a different initial Interest Period, and (ii) at no time shall there be more than six Borrowings of Eurodollar Loans outstanding hereunder.
Maximum Borrowings. More than one Borrowing may be incurred by the Borrower on any day; provided, however, that (i) if there are two or more Borrowings on a single day by the Borrower that consist of Fixed Rate Loans, each such Borrowing shall have a different initial Interest Period, (ii) at no time shall there be more than seven Borrowings of Fixed Rate Loans outstanding hereunder, (iii) at no time shall there be more than two Borrowings of Swing Loans outstanding hereunder, and (iv) at no time shall there be more than 10 Borrowings outstanding hereunder.
Maximum Borrowings. More than one Borrowing may be incurred by a Borrower on any day; provided, however, that (i) if there are two or more Borrowings on a single day by the same Borrower that consist of Fixed Rate Loans, each such Borrowing shall have a different initial Interest Period, (ii) at no time shall there be more than 12 Borrowings of Fixed Rate Loans outstanding hereunder for all of the Borrowers, and (iii) at no time shall there be more than three Borrowings of Canadian Revolving Loans outstanding hereunder.
Maximum Borrowings. More than one Borrowing may be incurred by the Borrower on any day; provided, however, that at no time shall there be more than ten (10) Borrowings of Term SOFR Loans outstanding under this Agreement.
Maximum Borrowings. More than one Borrowing may be incurred by the Borrower on any day; provided, however, that (i) if there are two or more Borrowings on a single day by the Borrower that consist of Fixed Rate Loans, each such Borrowing shall have a different initial Interest Period, and (ii) at no time shall there be more than eight (8) Borrowings of Fixed Rate Loans outstanding hereunder.
Maximum Borrowings. More than one Borrowing may be incurred by the Borrower on any day; provided, however, that (i) if there are two or more Borrowings on a single day by the Borrower that consist of LIBOR Rate Loans, each such Borrowing shall have a different initial Interest Period, and (ii) at no time shall there be more than eight (8) Borrowings of LIBOR Rate Loans outstanding hereunder.
Maximum Borrowings. Borrower agrees not to permit the principal balance outstanding to exceed the Revolving Commitment. If Borrower exceeds the Revolving Commitment, Borrower will immediately pay the excess to the Lenders with interest to accrue at the Default Rate.
Maximum Borrowings. (a) Outstanding Borrowings shall at no time exceed US $100,000,000.
(b) Outstanding Kingsway Loans shall at no time exceed US $10,000,000.
(c) Outstanding Partnership Loans shall at no time exceed US $90,000,000.
Maximum Borrowings. Borrower agrees not to permit the principal balance outstanding to exceed the Revolving Commitment. If Borrower exceeds the Revolving Commitment, Borrower will immediately pay the excess to Lender with interest to accrue at the Default Rate.
Maximum Borrowings. More than one Borrowing may be incurred by the Borrower on any day.