Maximum Financing Amount definition
Examples of Maximum Financing Amount in a sentence
An Arrangement Fee equal to two point twenty five per cent (2.25%) of the Maximum Financing Amount (excluding VAT) shall be paid by the French Sellers and the Parent Company, acting jointly and severally, to the Factor, which fee shall come into existence as at the date of signature of the Agreement and shall become due and payable at completion of the Acquisition.
In consideration of entering into this Amendment, SLM Corporation shall pay in immediately available funds to the Administrative Agent, for the ratable benefit of each Facility Group in accordance with its Pro Rata Share, a one-time nonrefundable upfront fee in the amount equal to 0.20% of the Maximum Financing Amount as of the date hereof (the “Fee”), which shall be due and owing on the date hereof.
In order to allow the Lenders to raise funds in economical denominations and less frequently than daily, the Borrower may request the Lenders to purchase Notes in order to pre-fund an amount (up to its Pro Rata Share of the Maximum Financing Amount) to be deposited into the Collection Note Purchase Subaccount.
Prior to the Termination Date and subject to the Maximum Financing Amount, the Borrower shall have the right to request that the aggregate principal amount of a Rollover Note Purchase shall include the accrued and unpaid Carrying Costs on the Notes being refinanced with the Rollover Note Purchase.
The Borrower may, upon at least two (2) Business Days' written notice to the Administrative Agent and each Facility Agent terminate in whole or reduce in part the portion of the Maximum Financing Amount that exceeds the Aggregate Note Balance.
A reduction of the Maximum Financing Amount shall not be requested by the Originators if as a result of such reduction the Maximum Financing Amount is below EUR 100,000,000 (one hundred million Euros).
The Maximum Financing Amount may be reduced at any time upon request of the Originator.
The Facility Amount shall, at all times, be an amount equal to 102% of the Maximum Financing Amount.
The Maximum Financing Amount may be reduced at any time upon request of the Originators.
Upon receipt of the notice, the CRA shall use its best efforts to initiate the process to issue the Partial Take Out Financing provided that the Partial Take Out Financing shall not in any event exceed the Maximum Financing Amount.