Available Commitment definition

Available Commitment means a Lender’s Commitment minus:

Available Commitment as to any Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Commitment then in effect over (b) such Lender’s Extensions of Credit then outstanding.

Available Commitment means, in relation to a Facility, a Lender's Commitment under that Facility minus:

Examples of Available Commitment in a sentence

• Other than as disclosed to Administrative Agent in writing, the Credit Parties have no knowledge or reason to believe that any Asset is no longer an Eligible Asset (provided, that if the Credit Parties have disclosed the foregoing to Administrative Agent in writing, such Asset shall be excluded from the calculation of the Available Commitment, but Borrowers shall not be prohibited from such Borrowing upon satisfaction of the other conditions therefor).

• Each Borrowing pursuant to this Section 2.02 shall be made ratably by the Lenders in proportion to each Lender’s Pro Rata Share of the Available Commitment.

• In such event, the applicable Borrower shall be deemed to have requested a Borrowing of Alternate Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section ‎2.04 for the principal amount of Alternate Base Rate Loans, but subject to the amount of the unutilized portion of the Available Commitment and the conditions set forth in Section ‎7.02 (other than the delivery of a Loan Notice).

• Each Loan shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $500,000; provided that a Loan may be in an aggregate amount that is equal to the entire unused balance of the Available Commitment.

• No Lender shall be required to advance any Loan hereunder if after giving effect thereto (a) the Principal Obligations would exceed the Available Commitment, (b) the Principal Obligations of such Lender would exceed its Commitment, (c) the aggregate Principal Obligations would exceed the Maximum Commitment or (d) the conditions precedent for such Borrowing in Section 6 have not been satisfied.

More Definitions of Available Commitment

Available Commitment means, in relation to a Facility, a Lender’s Commitment under that Facility minus:

Available Commitment means, as to any Lender at any time, an amount equal to the excess, if any, of (a) the amount of such Lender's Commitment over (b) the aggregate principal amount of all Loans made by such Lender as of such date after giving effect to Section 5.2(d) of the Participation Agreement (but without giving effect to any other repayments or prepayments of any Loans hereunder).

Available Commitment means an amount equal to the excess, if any, of (a) the amount of the Total Revolving Credit Commitment over (b) the sum of (i) the aggregate principal amount of all Revolving Credit Loans (but not Swingline Loans) then outstanding and (ii) the aggregate Letters of Credit Outstanding at such time.

Available Commitment as to any Lender at any time, an amount equal to the excess, if any, of (a) the amount of such Lender’s Commitment less (b) the aggregate principal amount of all Loans to the Borrower made by such Lender then outstanding; collectively, as to all the Lenders, the “Available Commitments.”

Available Commitment as of any day means, with respect to the VRDP Shares, the sum of the aggregate Liquidation Preference of the VRDP Shares then Outstanding plus all accumulated but unpaid dividends, whether or not earned or declared on such VRDP Shares.

Available Commitment means, for each Lender, the excess of such Lender’s Commitment over such Lender’s Percentage of the Outstanding Credits. “Available Commitments” shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

Available Commitment means, at any time, the aggregate Commitments of all Lenders then in effect minus the Aggregate Credit Exposure at such time.