Adjusted Loan Limit

Example Definitions of "Adjusted Loan Limit"
Adjusted Loan Limit. Shall mean, on any date, the amount equal to the lesser of (a) $228,000,000, (b) the amount of the aggregate Borrowing Bases of all Borrowers on such date and (c) the sum of (i) the amount of the Eligible Working Capital on such date, plus (ii) the amount of the Eligible Working Capital Variance on such date.
Adjusted Loan Limit. Shall ‘Adjusted Loan Limit' shall mean, on any date, the amount equal to the lesser of (a) $228,000,000, $156,000,000, (b) the amount of the aggregate Borrowing Bases of all Borrowers on such date and (c) the sum of (i) the amount of the Eligible Working Capital on such date, plus (ii) the amount of the Eligible Working Capital Variance on such date.
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