Maximum Scheduled Balance

Maximum Scheduled Balance. Shall mean the maximum amount of scheduled principal which may be outstanding on the Credit Facility from time to time in the amount of Thirty-Eight Million Five Hundred Thousand Dollars ($38,500,000.00) as of the First Amendment Effective Date through August 1, 200 and thereafter in the amount of Twenty-Eight Million Five Hundred Thousand ($28,500,000.00), as further reduced from time to time by the Scheduled Reductions as set forth on the Aggregate Commitment Reduction Schedule.