Borrower Facility Amount definition

Borrower Facility Amount means the total amount the Borrower is requesting. Your Pledge can be for either this whole amount or part of this amount.
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Examples of Borrower Facility Amount in a sentence

  • Should you make a Pledge after the Borrower Facility Amount has been reached, you will be placed on a waiting list for the Borrower.

  • If, within 3 working days of the Borrower Facility Amount being reached, there is a shortfall between the total amount of Pledges made and the total Loan Commitments received, Lenders will be given the opportunity to make up the shortfall by making a further Pledge.

  • If you have made a Pledge before the Borrower Facility Amount is reached, but either the amount of your Pledge (when added to all sums already pledged) would exceed the Borrower Facility Amount) or you notify us that you wish to increase this Pledge after the Borrower Facility Amount was reached, the increased portion of your Pledge will be placed on the waiting list for the Borrower.

  • We aim to provide a degree of flexibility to Lenders who, with good reason, amend their Pledges before the Borrower Facility Amount has been met.

  • Once a loan request has met the Borrower Facility Amount, we will enter into a Loan to the Borrower on your behalf as your Security Agent of the amount you have pledged, which comprises these terms and conditions, the relevant Security Agent Instructions and the Loan Agreement.

  • If the Borrower requesting a Loan does not reach the Borrower Facility Amount, the Borrower’s request will be withdrawn from the HNW Lending Platform and any Pledges which you have made will be cancelled.

  • If the Borrower requesting a Loan does not reach the Borrower Facility Amount or HNW Lending or the Borrower does not proceed to loan completion, the Borrower’s request will be withdrawn from the HNW Lending Platform and any Pledges which you have made will be cancelled and you will be notified accordingly.

  • Once a loan request has met the Borrower Facility Amount, we will enter into a Loan to the Borrower on your behalf as your Agent with your pledge, in accordance with our terms and conditions, the relevantInstruction and the Loan Agreement.

  • The waiting list 3.12 If, within 3 working days of the Borrower Facility Amount being reached, there is a shortfall between the total amount of Pledges made and the total Loan Commitments received, Lenders who have been placed on the waiting list will then be given the opportunity to make up the shortfall by increasing the amount of their Loan to the Borrower.

  • Once a loan request has met the Borrower Facility Amount, we will enter into a Loan to the borrower on your behalf as your Security Agent of the amount you have pledged, which comprises these terms and conditions, the relevant Security Agent Instructions and the Loan Agreement.

Related to Borrower Facility Amount

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being US$830,000,000 at the date of this Agreement.

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender, the percentage of the total Revolving Facility Commitments represented by such Lender’s Revolving Facility Commitment. If the Revolving Facility Commitments have terminated or expired, the Revolving Facility Percentages shall be determined based upon the Revolving Facility Commitments most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Borrowing Base Amount means:

  • Facility A Commitment means, with respect to any Lender, the principal amount set out beside such Lender's name in Schedule V with reference to Facility A, as amended from time to time, and to the extent not cancelled or terminated hereunder.

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.