Maximum Borrowing Amounts Clause Samples
The Maximum Borrowing Amounts clause sets a clear upper limit on the total amount of funds a borrower is permitted to draw under a loan agreement. This clause typically specifies a fixed dollar amount or a formula for calculating the maximum, and may outline whether the limit applies to individual advances or the aggregate outstanding balance. By establishing this cap, the clause protects the lender from excessive credit exposure and ensures both parties have a shared understanding of the financial boundaries of the arrangement.
Maximum Borrowing Amounts. (a) The Total Japan Local Currency Commitment, and the Japan Local Currency Commitment for each Japan Local Currency Bank party to this Addendum as of the date hereof, are set forth on Schedule I.
(b) Upon at least five (5) Business Days prior irrevocable written notice to the Agent, the Japan Local Currency Agent and the Japan Local Currency Banks, CFKK may from time to time permanently reduce the Total Japan Local Currency Commitment under this Addendum in whole, or in part ratably among the Japan Local Currency Banks, in an aggregate minimum Dollar Amount of $10,000,000, and integral multiples of $1,000,000 in excess thereof; provided, however, that the amount of the Total Japan Local Currency Commitment may not be reduced below the aggregate principal amount of the outstanding Japan Local Currency Advances with respect thereto. Any such reduction shall be allocated pro rata among all the Japan Local Currency Banks party to this Addendum by reference to their Japan Local Currency Commitments.
Maximum Borrowing Amounts. (a) The Total Local Currency Commitment, and the Local Currency Commitment and the Same Day Local Currency Commitment for each Local Currency Bank party to this Addendum as of the date hereof, are set forth on Schedule I.
(b) Upon at least five (5) Business Days prior irrevocable written notice to the Agent, the Local Currency Agent and the Local Currency Banks, CIF may from time to time permanently reduce the Total Local Currency Commitment under this Addendum in whole, or in part ratably among the Local Currency Banks, in an aggregate minimum Dollar Amount of $10,000,000, and integral multiples of $1,000,000 in excess thereof; provided, however, that the amount of the Total Local Currency Commitment may not be reduced below the aggregate principal amount of the outstanding Local Currency Advances with respect thereto. Any such reduction shall be allocated pro rata among all the Local Currency Banks party to this Addendum by reference to their Local Currency Commitments.
Maximum Borrowing Amounts. The Total Japan Local Currency Commitment, and the Japan Local Currency Commitment for each Japan Local Currency Bank party to this Addendum as of the date hereof, are set forth on Schedule I.
Maximum Borrowing Amounts. The Total Local Currency Commitment, and the Local Currency Commitment and the Same Day Local Currency Commitment for each Local Currency Bank party to this Addendum as of the date hereof, are set forth on Schedule I.
Maximum Borrowing Amounts. The Total CIF LUX Local Currency Commitment, the CIF LUX Local Currency Commitment and the Same Day CIF LUX Local Currency Commitment for each Local Currency Bank party to this Addendum as of the date hereof, are set forth on Schedule I; provided, that the aggregate Dollar Amount available to be borrowed under this Addendum and the CIF Local Currency Addendum shall not exceed $1,000,000,000.
(a) Upon at least five (5) Business Days prior irrevocable written notice to the Agent, the CIF LUX Local Currency Agent and the Local Currency Banks, CIF L▇▇ ▇▇▇ from time to time permanently reduce the Total CIF LUX Local Currency Commitment under this Addendum in whole, or in part ratably among the Local Currency Banks, in an aggregate minimum Dollar Amount of $10,000,000, and integral multiples of $1,000,000 in excess thereof; provided, however, that the amount of the Total CIF LUX Local Currency Commitment may not be reduced below the aggregate principal amount of the outstanding Local Currency Advances with respect thereto. Any such reduction shall be allocated pro rata among all the Local Currency Banks party to this Addendum by reference to their CIF LUX Local Currency Commitments.
Maximum Borrowing Amounts. The Total CIF Local Currency Commitment, and the CIF Local Currency Commitment and the Same Day CIF Local Currency Commitment for each Local Currency Bank party to this Addendum as of the date hereof, are set forth on Schedule I; provided, that the aggregate Dollar Amount available to be borrowed under this Addendum and the CIF LUX Local Currency Addendum shall not exceed $1,000,000,000.
Maximum Borrowing Amounts. The Syndicated Canadian Commitment for each Syndicated Canadian Bank is set forth on Schedule I hereto.
Maximum Borrowing Amounts. (a) The Alternate Currency Lender Maximum Borrowing Amount for each Alternate Currency Lender party to this Addendum is set forth on Schedule I. The Alternate Currency Facility Maximum Borrowing Amount under this Addendum is set forth on Schedule I.
(b) Upon at least 2 Business Days' prior irrevocable written or telecopy notice to the Administrative Agent, the Company may from time to time reduce (including to zero) the aggregate Alternate Currency Lender Maximum Borrowing Amounts under this Addendum; provided, however, that (i) each partial reduction shall be in an integral multiple of [$1,000,000] and in a minimum principal amount of [ ] and (ii) no such reduction shall be permitted if, after giving effect thereto, to any repayments of Loans made on the effective date thereof and to any adjustments under Section 2.24(a) and (b) of the Credit Agreement (A) the Dollar Equivalent of all Loans outstanding under this Addendum would exceed the Alternate Currency Facility Maximum Borrowing Amount under this Addendum or (B) the Dollar Equivalent of all Loans of any Alternate Currency Lender outstanding under this Addendum would exceed the Alternate Currency Lender Maximum Borrowing Amount of such Alternate Currency Lender. Any such reduction shall be allocated pro rata among all the Alternate Currency Lenders party to this Addendum by reference to their respective Alternate Currency Lender Maximum Borrowing Amounts hereunder (and without taking into account Section 2.24 of the Credit Agreement).
Maximum Borrowing Amounts. (a) The Fronted Offshore Currency Commitment is set forth on Schedule I.
(b) The Borrower or the applicable Borrowing Subsidiary may permanently reduce the Fronted Offshore Currency commitment under this Addendum in whole, or in part, in an aggregate minimum Dollar Equivalent equal to $[1,000,000] (or any larger multiple of $[1,000,000]) upon at least one (1) Business Day's prior written notice to the Offshore Currency Fronting Lender, which notice shall be given not later than 11:00 a.m. (local time) and shall specify the amount of such reductions; provided, however, that the amount of the Fronted Offshore Currency Commitment may not be reduced below the lesser of $[10,000,000] and the aggregate principal amount of the outstanding Fronted Offshore Currency Loans with respect thereto.
Maximum Borrowing Amounts. (a) The Alternate Currency Commitment for the Swing Line Lender party to this Addendum is set forth on Schedule I.
(b) The undersigned Borrower may permanently reduce the Alternate Currency Commitment under this Addendum in whole or in part, in an aggregate minimum and integral amounts of 1,000,000 Canadian Dollars upon at least one Business Day's prior written notice to the Administrative Agent and the Swing Line Lender party to this Addendum, which notice shall be given not later than 11:00 a.m. (Toronto time) and shall specify the amount of such reduction; provided, however, that the amount of the Alternate Currency Commitment may not be reduced below the aggregate principal amount of the outstanding Alternate Currency Loans with respect thereto.