You have 5 checkouts per month*, and there is no limit to how many of the 5 you may have out at a time. If you borrow 5 items at once, you will not be able to borrow more until your borrows reset at the next calendar month.
However, to moderate spending of our hoopla funds, LMxAC has implemented daily and monthly spending caps. Once the daily cap has been reached, no patrons will be able to check out anything for the day. This doesn’t mean you’ve lost your checkouts for the month—it just means you may have to wait until the daily cap resets. If some patrons use all of their checkouts at one time, the daily limit will be reached more quickly; however, since they will have exhausted all 5 checkouts, this will give other patrons a chance to get material.
* Some libraries have temporarily increased the monthly checkout limit. Please see your own library for details.