Capital Limit

Capital Limit. Means, an amount equal to the sum of (A) the lesser of (1) the Maximum Facility Amount or (2) the lesser of (i) 95% of the Aggregate Net Investment at such time, (ii) (x) prior to the Recommencement Date, 87% of the Eligible Receivables Balance at such time, and (y) from and after the Recommencement Date, 84% of the Eligible Receivables Balance at such time and (iii) the positive difference between the Eligible Receivables Balance at such time and $3,000,000 and (B) the amount of Collections on... deposit in the Collection Account and the Master DDA Account at such time to be applied in accordance with Section 2.06 on the next Remittance Date, minus the portion of such Collections which reflect payments due in future Remittance Periods, which are required to be maintained for the payment of accrued Yield and accrued and unpaid Fees and Liquidation Fees pursuant to Section 2.05(a) hereof, minus an amount equal to the aggregate of all outstanding Security Deposits. View More