Available Aggregate Commitment means, at any time, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time.
Available Aggregate Commitment means, at any time, the Available Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time.
Available Aggregate Commitment means, at any time, the lesser of Aggregate Commitment then in effect or the Borrowing Base then in effect, minus the Aggregate Outstanding Credit Exposure at SUCH time.
Examples of Available Aggregate Commitment in a sentence
Subject to Section 2.23, the Revolving Loans may be Floating Rate Advances or SOFR Advances selected by the Borrower in accordance with Sections 2.7 and 2.8. Each SOFR Advance shall be in the amount of $5,000,000 or a higher integral multiple of $100,000, and each Floating Rate Advance shall be in the amount of $5,000,000 or a higher integral multiple of $100,000, provided that any Floating Rate Advance may be in the amount of the Available Aggregate Commitment.
More Definitions of Available Aggregate Commitment
Available Aggregate Commitment means, at any time, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time. “Bank One” means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors.
Available Aggregate Commitment means, at any time, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time. "Bank One" means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors. "Borrower" means Xxxxxxx International, Inc., an Indiana corporation, and its successors and assigns. "Borrowing Date" means a date on which an Advance is made hereunder.
Available Aggregate Commitment means (a) at any time on or prior to May 1, 2002, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time and (b) at any time after May 1, 2002, zero.
Available Aggregate Commitment. At any time, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time.
Available Aggregate Commitment means, for any day, the Aggregate Commitment then in effect minus the sum of (i)the aggregate principal amount of the outstanding Advances and (ii)the Aggregate Outstanding LC Exposure.
Available Aggregate Commitment means, for any day, the Aggregate Commitment then in effect minus the sum of (i) the aggregate outstanding ----- principal amount of the Advances; (ii) the aggregate outstanding principal amount of the Swing Line Loans; and (iii) the Aggregate Outstanding LC Exposure.
Available Aggregate Commitment means, at any time, the aggregate Commitments then in effect minus the aggregate Revolving Exposures at such time.