Example ContractsClausesMaximum Credit
Maximum Credit
Maximum Credit contract clause examples

Is line C equal to or greater than the required amount?

As of the effective date of any such increase in the Tranche A Maximum Credit, each reference to the term Tranche A Commitments and Tranche A Maximum Credit herein, as applicable, and in any of the other Financing Agreements shall be deemed amended to mean the amount of the Tranche A Commitments and Tranche A Maximum Credit specified in the most recent written notice from Administrative Agent to Lead Borrower of the increase in the Tranche A Commitments and Tranche A Maximum Credit, as applicable.

“Maximum Credit Amount” means $3,500,000,000.

increase the maximum amount of the Maximum Credit to an amount greater than permitted pursuant to [Section 2.6(a)] hereof, and

Effective on the date of each increase in the Maximum Revolver Amount pursuant to this Section 2.14, each reference in this Agreement to an amount of Excess Availability shall, automatically and without any further action, be deemed to be increased so that the ratio of each amount of Excess Availability to the amount of the Maximum Revolver Amount or Maximum Credit, as applicable, after such increase in the Maximum Revolver Amount and Maximum Credit remains the same as the ratio of such the amount of Maximum Revolver Amount or Excess Availability, as applicable, to the amount of the Maximum Revolver Amount

Credit Limit” means the maximum amount of credit to be extended to a Cardholder under an Account.

Section # Amendments to [Section 8.2.16] [Maximum Leverage Ratio]. [Section 8.2.16] [Maximum Leverage Ratio] of the Credit Agreement is hereby amended and restated in entirety as follows:

a fronting fee to be agreed by the and the applicable Issuing Bank (not to exceed 0.125% per annum) times the daily maximum amount then available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such Letter of Credit) determined as of the close of business on any date of determination; and

Procedures. Upon receipt of notice from the Borrower to the Lender indicating Borrower’s intent to either buy or sell bitcoin, the Lender shall make an advance to the Borrower under the Line of Credit in an amount equal to the Maximum Credit Limit. In the event the Borrower intends to purchase bitcoin, the Lender will credit the Borrower’s Exchange Account immediately available funds in US Dollars in an amount equivalent to the Maximum Credit Limit. In the event the Borrower intends to sell bitcoin, the Lender will credit the Borrower’s Exchange Account immediately available bitcoin in an amount equivalent to the US Dollar Maximum Credit Limit.

Maximum Credit” means $165,000,000 (subject to adjustment based on increases or decreases to the Maximum Revolver Amount as provided in [Sections 2.4(c) and 2.14] of the Agreement).

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