Class B Facility Limit definition

Class B Facility Limit means, for any day, the lesser of the Class B Borrowing Base and the Total Commitment on such day.
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Class B Facility Limit means $100,000,000. References to the unused portion of the Class B Facility Limit shall mean, at any time of determination, an amount equal to (x) the Class B Facility Limit at such time minus (y) the Aggregate Class B Loan Amount at such time.
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Class B Facility Limit means $120,000,000.
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Examples of Class B Facility Limit in a sentence

  • In no event may any Additional Class B Principal Amount be offered for purchase hereunder or under Section 12.6(a) of the Indenture, nor shall any Class B Purchaser be obligated to purchase any Additional Class B Principal Amount, to the extent that, after giving effect to such Additional Class B Principal Amount, the Class B Principal Balance would exceed the Class B Facility Limit.

  • In no event may any Additional Class B Principal Amount be offered for purchase hereunder or under Section 12.6 of the Indenture, nor shall any Class B Purchaser be obligated to purchase any Additional Class B Principal Amount, to the extent that, after giving effect to such Additional Class B Principal Amount, the Class B Principal Balance would exceed the Class B Facility Limit.


More Definitions of Class B Facility Limit

Class B Facility Limit means, on any date of determination, the sum of the Purchaser Commitment Amounts with respect to each of the Purchaser Groups and the Non-Conduit Committed Purchasers holding Class B Notes on such date. On the Closing Date, the Class B Facility Limit is $40,000,000.
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Class B Facility Limit means (i) prior to the Termination Date, 102% of the Class B Maximum Net Investment and (ii) on and after the Termination Date, 102% of the Class B Net Investment outstanding as of the most recent Distribution Date; provided that such amount may not at any time exceed the aggregate Class B Commitments then in effect.
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Class B Facility Limit means, at any time, the lesser of:
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Class B Facility Limit means, for any day, the Total Commitment on such day.
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Related to Class B Facility Limit

  • Facility Limit means, $175,000,000, as reduced or increased from time to time pursuant to the terms hereof. References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the Aggregate Capital at such time.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender, the percentage of the total Revolving Facility Commitments represented by such Lender’s Revolving Facility Commitment. If the Revolving Facility Commitments have terminated or expired, the Revolving Facility Percentages shall be determined based upon the Revolving Facility Commitments most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.