Maximum Scheduled Balance definition

Maximum Scheduled Balance means the maximum amount of scheduled principal which may be outstanding on the Credit Facility from time to time in the amount of the Aggregate Commitment as of the Closing Date, as reduced from time to time by the Scheduled Reductions as set forth on the Aggregate Commitment Reduction Schedule.

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Maximum Scheduled Balance means the maximum amount of scheduled principal which may be outstanding on the Credit Facility from time to time in the amount of Twenty Million Nine Hundred Forty-Four Thousand Four Hundred Forty-Six Dollars ($20,944,446.00) as of the Third Amendment Effective Date, as reduced from time to time by the Scheduled Reductions as set forth on the Aggregate Commitment Reduction Schedule.

Maximum Scheduled Balance. Aggregate Commitment Reduction Schedule" and "Maturity Date" shall be and are hereby modified as set forth in the definitions of Applicable Margin, Funded Debt, Maximum Scheduled Balance, Aggregate Commitment Reduction Schedule and Maturity Date contained in the Second Amendment.

Examples of Maximum Scheduled Balance in a sentence

In the event the Maximum Permitted Balance is less than the Maximum Scheduled Balance as of any Reduction Date, to the extent the difference is a result of the Availability Limit determined under Section 2.01(d), the Scheduled Reduction shall only reduce the Maximum Scheduled Balance.
As of April 1, 2000, the Maximum Scheduled Balance was reduced to Twenty-Eight Million Five Hundred Thousand Dollars ($28,500,000.00).
The Maximum Scheduled Balance shall be revised so as to make available to the Borrower an additional Ten Million Dollars ($10,000,000.00) to the Maximum Scheduled Balance during the period commencing on the First Amendment Effective Date and ending on August 1, 2000.
As of the date hereof, the Maximum Scheduled Balance has been reduced to Twenty Million Two Hundred Twenty-Two Thousand Two Hundred Twenty-Four Dollars ($20,222,224.00).
In no event shall the Maximum Permitted Balance exceed the Maximum Scheduled Balance as of Reduction Dates set forth on the Aggregate Commitment Reduction Schedule.

More Definitions of Maximum Scheduled Balance

Maximum Scheduled Balance means the maximum amount of scheduled principal which may be outstanding on the Credit Facility from time to time in the amount of Five Million Dollars ($5,000,000.00) as of the Ninth Amendment Effective Date.

Maximum Scheduled Balance means the maximum amount of scheduled principal which may be outstanding on the Credit Facility from time to time: (i) in the amount of Thirteen Million Dollars ($13,000,000.00) as of the Closing Date, as reduced from time to time by the Scheduled Reductions as set forth on the Aggregate Commitment Reduction Schedule, or (ii) in the event of the occurrence of the Commitment Increase Effective Date, in the amount of Fifteen Million Dollars ($15,000,000.00), as reduced from time to time by the Scheduled Reductions as set forth on the Aggregate Commitment Reduction Schedule - Alternate One.

Maximum Scheduled Balance means the amount of the Total Commitment, as reduced on each Reduction Date by the Scheduled Reductions.

Maximum Scheduled Balance shall have the meaning as defined in Section 1.01 of the Credit Agreement. Note shall mean this Revolving Credit Note.

Related to Maximum Scheduled Balance

Scheduled Balance Not applicable.
Scheduled Balances Not applicable.
Planned Balance Not applicable.
Aggregate Targeted Balance With respect to any group of Targeted Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.
Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

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