MAXIMUM NUMBER OF LOANS AND PERFORMANCE BOND Sample Clauses

MAXIMUM NUMBER OF LOANS AND PERFORMANCE BOND. (a) MCL may not deliver a Utilisation Request if as a result of the proposed Utilisation: (i) 5 or more Loans under the Equipment Supply Facility would be outstanding; or (ii) more than one Loan under the General Facility would be outstanding. (b) MCL may not request that a Loan be divided if, as a result of the proposed division: (i) 5 or more Loans under the Equipment Supply Facility would be outstanding; or (ii) more than one Loan under the General Facility would be outstanding. (c) MCL may not deliver a Utilisation Request if as a result of the proposed Utilisation more than one Performance Bond would be outstanding at any time. UTILISATION
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Related to MAXIMUM NUMBER OF LOANS AND PERFORMANCE BOND

  • Maximum number of Loans A Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation more than 20 (twenty) Loans would be outstanding.

  • 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.

  • Minimum Amounts and Maximum Number of Eurodollar Tranches Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than ten Eurodollar Tranches shall be outstanding at any one time.

  • Repayment of Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Revolving Loans outstanding on such date.

  • Repayment of Revolver Loans Revolver Loans shall be due and payable in full on the Revolver Termination Date, unless payment is sooner required hereunder. Revolver Loans may be prepaid from time to time, without penalty or premium. If any Asset Disposition includes the disposition of Accounts or Inventory, then Net Proceeds equal to the greater of (a) the net book value of such Accounts and Inventory, or (b) the reduction in the Borrowing Base upon giving effect to such disposition, shall be applied to the Revolver Loans. Notwithstanding anything herein to the contrary, if an Overadvance exists, Borrowers shall, on the sooner of Agent’s demand or the first Business Day after any Borrower has knowledge thereof, repay the outstanding Revolver Loans in an amount sufficient to reduce the principal balance of Revolver Loans to the Borrowing Base.