Applicable Sublimit definition

Applicable Sublimit means, the lesser of (a) the Aggregate Commitment and (b)(i) with respect to U.S. Dollar Committed Loans, $1,000,000,000, (ii) with respect to Mexican Peso Committed Loans, $50,000,000, (iii) with respect to Alternative Currency Committed Loans, the Alternative Currency Sublimit and (iii) with respect to any Supplemental Tranche Committed Loan of a particular Supplemental Currency, the maximum amount set forth in the applicable Supplemental Addendum relating to such Supplemental Currency, in each case subject to (x) increase pursuant to Section 2.16 and (y) reallocation pursuant to Section 2.20.

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Applicable Sublimit means, for each Mortgage Loan classification listed below, the percentage of the Aggregate Commitments listed opposite such Mortgage Loan classification: Wet Loans 35% Prime Loans 100% Second Lien/HELOC Loans 5% Jumbo Loans 10% provided, however, that in the last five and first five Business Days of every calendar month the Applicable Sublimit for Wet Loans shall be 50% of the Aggregate Commitments.

Applicable Sublimit means the exclusion from the Tranche B Borrowing Base of an amount (without duplication) attributable to any Eligible Specified Financial Asset to the extent that the Net Value Amount included in the Tranche B Borrowing Base would exceed the amount shown in the chart below for the applicable Eligible Specified Financial Asset: Rule 144A private placed Debt Securities

Examples of Applicable Sublimit in a sentence

The amount of any such Aggregate Commitment reduction shall be applied to the U.S. Dollar Sublimit, Alternative Currency Sublimit, any other Applicable Sublimit and each of the Letter of Credit Sublimits as specified by the Company.
Subject to fulfillment of the conditions precedent set forth in Sections 5.01 and 5.02 hereof, the Buyer agrees, on the terms and conditions of this Repurchase Agreement, to enter into Transactions with Sellers, on any Business Day, from and including the Effective Date in an aggregate principal amount at any one time outstanding up to but not exceeding the lesser of (i) Maximum Facility Amount and (ii) with respect to each Type of Eligible Asset, the Applicable Sublimit, as in effect from time to time.
After maturity (whether by acceleration or otherwise) of any Loan, such Loan shall bear interest, payable on demand, at a rate per annum equal to the sum of (i) 2%, (ii) the Base Rate in effect from time to time, and (iii) the Applicable Sublimit Margin, if any.
Such loans and advances shall be in amounts up to: (a) seventy-five percent (75%) of the outstanding Eligible Accounts Receivable of the Companies; plus (b) the lesser of (i) $10,000,000.00 or (ii) fifty percent (50%) of the aggregate value of Eligible Inventory of the Companies, determined at the lower of cost or market value; plus (c) the lesser of (i) the Applicable Sublimit or (ii) the aggregate value of Eligible Fixed Assets of the Companies (the “Borrowing Base”).
If at any time the Loan Balance exceeds the Collateral Value of the Borrowing Base (as a result of an Applicable Sublimit being exceeded or otherwise), Borrower shall repay the amount of such excess or deliver sufficient Eligible Mortgage Loans to increase the Collateral Value of the Borrowing Base by the amount of such excess Loan Balance, or a combination of the foregoing, within one (1) Business Day after written notice thereof is given by Agent to Borrower.

More Definitions of Applicable Sublimit

Applicable Sublimit means the Canadian Sublimit, the Irish Sublimit or the Aggregate Sublimit, as the context may require.

Applicable Sublimit means, the lesser of (i) the Aggregate Commitment and (ii) (a) with respect to U.S. Dollar Committed Loans, $500,000,000,

Applicable Sublimit means, the lesser of (i) the Aggregate Commitment and (ii) (a) with respect to U.S. Dollar Committed Loans, $500,000,000, (b) with respect to New Zealand Dollar Committed Loans, $50,000,000, (c) with respect to Alternative Currency Committed Loans, the Alternative Currency Sublimit and (d) with respect to any Supplemental Tranche Committed Loan of a particular Supplemental Currency, the maximum amount set forth in the applicable Supplemental Addendum relating to such Supplemental Currency, in each case subject to (x) increase pursuant to Section 2.16 and (y) reallocation pursuant to Section 2.20.

Applicable Sublimit means (a) in the case of Canadian Dollars, the Canadian Dollar Sublimit, (b) in the case of Euros to be made available to the Finnish Borrower, the Finland Euro Sublimit, (c) in the case of Euros to be made available to the Singapore Borrower, the Singapore Euro Sublimit and (d) in the case of Yen, the Yen Sublimit.

Applicable Sublimit means, for each Mortgage Loan classification listed below, the percentage of the total Commitments listed opposite such Mortgage Loan classification:

Applicable Sublimit means, the lesser of (i) the Aggregate Commitment and (ii) (a) with respect to U.S. Dollar Committed Loans, $500,000,000, (b) with respect to New Zealand Dollar/Mexican Peso Committed Loans, $50,000,000, (c) with respect to Alternative Currency Committed Loans, the Alternative Currency Sublimit and (d) with respect to any Supplemental Tranche Committed Loan of a particular Supplemental Currency, the maximum amount set forth in the applicable Supplemental Addendum relating to such Supplemental Currency, in each case subject to (x) increase pursuant to Section 2.16 and (y) reallocation pursuant to Section 2.20.

Applicable Sublimit means, for each Mortgage Loan classification listed below, the percentage of the total Commitments listed opposite such Mortgage Loan classification: Wet Loans 30%* Prime Loans 100% Jumbo Loans 30% Second Lien/HELOC Loans 25% Nonprime-A Loans 10%}** Nonprime-B Loans 5%}** Alt-A Loans 75% Aged Loans 10% * provided, however, that in the last five (5) and first five (5) Business Days of every calendar month, the Applicable Sublimit for Wet Loans shall be fifty percent (50%) of the total Commitments; and ** provided further, however, that the Unit Collateral Value of all Nonprime-A Loans when added to the Unit Collateral Value of all Nonprime-B Loans shall not exceed ten percent (10%) of the total Commitments."

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