Maximum Facility Amount

Maximum Facility Amount. Amended by deleting therein the number "$230,000,000" and replacing it with "$260,000,000".

Maximum Facility Amount. Means the aggregate Commitments as then in effect, which amount shall not exceed $100,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

Maximum Facility Amount. The aggregate Commitments as then in effect, after giving effect to any decrease pursuant to Section 2.17 or increase pursuant to Section 2.20; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

Maximum Facility Amount. Means, on any date of calculation, (A) prior to the Pricing Date, the lesser of (x) $187,500,000 (as such amount may be increased pursuant to Section 2.13) and (y) the then aggregate outstanding principal amount of all the Subordinated Notes with respect to which funds have been received in the Custodial Account as notified to the Administrative Agent by the Collateral Agent as of such date of calculation multiplied by three (3) and (B) on or after the Pricing Date, the greater of (1) the... applicable amount specified in clause (A) above and (2) if the aggregate outstanding principal amount of all Subordinated Notes with respect to which funds have been received in the Custodial Account as notified to the Administrative Agent by the Collateral Agent is at least $15,000,000, the least of (x) $450,000,000 (as such amount may be increased pursuant to Section 2.13), (y) the then aggregate outstanding principal amount of all Subordinated Notes with respect to which funds have been received in the Custodial Account as notified to the Administrative Agent by the Collateral Agent as of such date of calculation multiplied by nine (9) and (z) an amount equal to the difference between (i) the amount that is required to purchase the minimum amount of collateral required to close the CLO (as determined by MS&Co. in its commercially reasonable discretion) and (ii) the then aggregate outstanding principal balance of the Subordinated Notes; provided that, following (a) the occurrence of an Event of Default or (b) the Commitment Termination Date, the Maximum Facility Amount shall be an amount equal to the aggregate Advances outstanding at such time. View More