Examples of Available Amount in a sentence
The Borrower shall, on the day that is 30 days prior to the Termination Date, pay to the Administrative Agent for deposit in the applicable L/C Cash Deposit Accounts an amount sufficient to cause the aggregate amount on deposit in all L/C Cash Deposit Accounts to equal 105% of the aggregate Available Amount of all Letters of Credit then outstanding.
Upon written notice from the Treasurer to the Pledging Bank that it is not in compliance with the requirements of this Section, the Pledging Bank shall immediately cause Collateral (which may include an increase in the Available Amount of the Letter of Credit or Insurance Policy) to be delivered to the Treasurer, or Other Collateral to be delivered to the Custodian, with an aggregate Market Value sufficient to comply with this Section.