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 a Lender's Commitment minus:
Examples of Available Commitment in a sentence
The aggregate principal amount of the Commercial Paper Notes to be issued and the interest to accrue to the maturity date of each such Commercial Paper Note does not exceed the amount of the Available Commitment then in effect, and the City shall be in compliance with Section 6.24 hereof immediately after giving effect to such issuance.
More Definitions of Available Commitment
Available Commitment means, in relation to a Facility, a Lender's Commitment under that Facility minus:
Available Commitment means an amount equal to the excess, if any, of (i) the amount of the Total Revolving Credit Commitment over (ii) the sum of the aggregate principal amount of (a) all Revolving Credit Loans (but not Swingline Loans) then outstanding and (b) the aggregate Letters of Credit Outstanding at such time.
Available Commitment means, in relation to a Facility, a Lender’s Commitment under that Facility minus:
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 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.