Maximum Term Loan Amount Clause Samples

Maximum Term Loan Amount. The aggregate outstanding Term Loan Advances shall not exceed the Maximum Term Loan Amount plus, for the avoidance of doubt, any amount equal to the payment-in-kind interest added to principal pursuant to Section 2.1(d)(ii). Each Term Loan Advance of each Lender shall not exceed its respective Term Commitment plus, for the avoidance of doubt, any amount equal to the Term Loan PIK Interest Rate added to principal pursuant to Section 2.2(d)(ii). After repayment, no Term Loan Advance (or any portion thereof) may be reborrowed.

Maximum Term Loan Amount. Subject to the terms and conditions of this Agreement, Borrower may borrow One Million Two Hundred Thousand and 00/100 Dollars ($1,200,000.00) (“Term Loan Commitment Amount”).

Maximum Term Loan Amount. The aggregate outstanding Term Loan Advances may be up to the Maximum Term Loan Amount.

Maximum Term Loan Amount. “Maximum Term Loan Amount” has the meaning set forth in Section 2.1B(a).

Maximum Term Loan Amount. The aggregate outstanding Term Loan Advances shall not exceed the Maximum Term Loan Amount.

Maximum Term Loan Amount. The aggregate outstanding Term Loan Advances shall not exceed the Maximum Term Loan Amount plus, for the avoidance of doubt, any amount equal to the payment-in-kind interest added to principal pursuant to Section 2.1(d)(ii). Each Term Loan Advance of each Lender shall not exceed its respective Term Commitment plus, for the avoidance of doubt, any amount equal to the Term Loan PIK Interest Rate added to principal pursuant to Section 2.1(d)(ii). After repayment, no Term Loan Advance (or any portion thereof) may be reborrowed. For the avoidance of doubt, the aggregate principal amount of any Term Loan Advance to be funded as set forth in Section 2.1(a) shall not be reduced by the amount of any payment-in-kind interest that has accrued with respect to Term Loan Advances.