Maximum amount due Definition | Law Insider (2024)

  • Maximum Amount means, as of any date of determination, an amount equal to the Revolving Loan Commitment of all Lenders as of that date.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Adjusted Maximum Amount means, with respect to a Contributing Guarantor as of any date of determination, the maximum aggregate amount of the obligations of such Contributing Guarantor under this Guaranty or a Related Guaranty, in each case determined in accordance with the provisions hereof and thereof; provided that, solely for purposes of calculating the “Adjusted Maximum Amount” with respect to any Contributing Guarantor for purposes of this paragraph 2, the assets or liabilities arising by virtue of any rights to or obligations of contribution hereunder or under any similar provision contained in a Related Guaranty shall not be considered as assets or liabilities of such Contributing Guarantor. “Aggregate Payments” means, with respect to a Contributing Guarantor as of any date of determination, the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty and the Related Guaranties (including, without limitation, in respect of this paragraph 2 or any similar provision contained in a Related Guaranty). The amounts payable as contributions hereunder and under similar provisions in the Related Guaranties shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Contributing Guarantors of their obligations as set forth in this paragraph 2 or any similar provision contained in a Related Guaranty shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder or under a Related Guaranty. Each Contributing Guarantor under a Related Guaranty is a third party beneficiary to the contribution agreement set forth in this paragraph 2.

  • Maximum Advance Rate means 80.0%.

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • Maximum Revolving Amount means $10,000,000.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Maximum Available Amount means, at any time, the least of:

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000).

  • Maximum Revolver Amount means $25,000,000.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Maximum Revolving Credit Amount means $85,000,000.00.

  • Maximum Swingline Amount means $5,000,000.

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Maximum amount due Definition | Law Insider (2024)

    FAQs

    Maximum amount due Definition | Law Insider? ›

    Maximum amount due means, with respect to education financing with income-based repayment provisions, the maximum amount that the consumer may be required to repay under the contract, excluding charges relating to default. Sample 1.

    What does maximum payment amount mean? ›

    It sets the maximum amount that can be sent in a payment at any one time. (For a Bulk payment this will be the total debit amount.)

    What is the meaning of amount due? ›

    Amount due means the sum owed to a seller or service provider for goods or services rendered, including the applicable taxes. Sellers sometimes offer such goods or services on credit, resulting in accounts receivables. In this case, the amount due means the total value of outstanding invoices.

    What does "max amount" mean? ›

    You use maximum to describe an amount which is the largest that is possible, allowed, or required. Maximum is also a noun.

    What is the amount due for a payment? ›

    As it relates to loans or other bills, the amount due is the sum of money necessary to pay a bill in full, including principal, interest, fees and other charges. Amount due can also be used for the sum of charges related to partial or full payments for credit card loans.

    What is allowed maximum amount? ›

    An allowed amount is the maximum amount your health insurance plan will pay for a covered service. It is also sometimes called an “eligible expense,” “negotiated rate,” or “payment allowance.” The purpose of an allowed amount is to standardize the costs of medical services so you don't get price-gouged.

    What is maximum transaction amount? ›

    As per NPCI guidelines, the maximum amount for one UPI transaction is ₹1 Lakh for P2P transfers and most merchant payments. However, for some P2M transactions like credit card payments, loan repayments, and transactions related to capital markets, the limit is ₹2 Lakhs.

    What does "maximum amount payable" mean? ›

    Maximum Amount Payable means the amount stated in the Schedule of Benefits for all Eligible Expenses incurred for all accidents and illnesses combined. All coverage under the Plan will terminate as to a Covered Person on the date the Lifetime Maximum Amount is paid or becomes payable.

    What is the definition of maximum? ›

    the greatest quantity or amount possible, assignable, allowable, etc. the highest amount, value, or degree attained or recorded. an upper limit allowed or allowable by law or regulation.

    What's the difference between maximum and minimum? ›

    Minimum means the least you can do of something. For example, if the minimum amount of dollars you must pay for something is seven, then you cannot pay six dollars or less (you must pay at least seven). You can do more than the minimum, but no less. Maximum means the most you can have of something.

    What is the legal definition of amount due? ›

    AMOUNT DUE means all financial assessments contained in a Judicial Bureau judgment, including penalties, fines, surcharges, court costs, and any other assessment authorized by law.

    What is the legal definition of payment due? ›

    Contract language specifying when payments are due on money borrowed. The due date is always indicated and means that the payment must be received on or before the specified date.

    What is the difference between amount due and total amount due? ›

    The minimum amount due is the smallest payment required to keep the account in good standing. In contrast, the total amount due represents the entire outstanding balance, including purchases, fees, and interest.

    What does maximum monthly payment mean? ›

    Maximum Monthly Payment means in respect of a Month, the Unitary Charge payable during that Month before any Adjustments under the Payment Mechanism but allowing for indexation; Sample 1.

    What does payment limit mean? ›

    Payment Limit means the maximum amount of a payment determined by the payer in the Agreement for payment of an E-invoice with the code of a specific service.

    What is the maximum limit for online payment? ›

    The UPI transaction limit per day is Rs.1 lakh as per NPCI.

    The maximum UPI daily transfer limit can change from bank to bank between Rs.25,000 to Rs.1 lakh. A few banks have also set UPI transfer limits per week or per month instead of a day.

    What is the maximum payable amount? ›

    Maximum Amount Payable means the amount stated in the Schedule of Benefits for all Eligible Expenses incurred for all accidents and illnesses combined. All coverage under the Plan will terminate as to a Covered Person on the date the Lifetime Maximum Amount is paid or becomes payable.

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