Maximum Permitted Balance

Example Definitions of "Maximum Permitted Balance"
Maximum Permitted Balance. Shall mean the maximum amount of principal which may be outstanding on the Credit Facility from time to time which shall be the lesser of: (a) the Maximum Scheduled Balance, or (b) the amount to which the Maximum Scheduled Balance is voluntarily reduced by Borrower pursuant to Section 2.01(c) or is otherwise reduced or limited pursuant to Sections 5.01, 5.12 or 8.02, by Scheduled Reductions or by reason of the Availability Limit under Section 2.01(d).
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