Revolving Credit Availability definition

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.

Revolving Credit Availability means, at any particular time, the amount by which the Maximum Revolving Credit Amount at such time exceeds the Revolving Credit Obligations at such time.

Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Commitment at such time exceeds the Revolving Credit Obligations at such time.

Examples of Revolving Credit Availability in a sentence

• The Borrower shall deliver to the Agent and the Lenders, within forty-five (45) days after the end of each fiscal year of the Borrower, consistent with GAAP and in form and detail satisfactory to the Agent, (i) projected quarterly balance sheets, income statements cash flow statements and a calculation of the projected Revolving Credit Availability and projected compliance with Section 5.7 hereof for the following year of the Borrower, prepared on a Consolidated basis and (ii) a pro forma budget.

• Xxxxxxxxx Title: Managing Director Signature Page to Commitment Increase and Amendment No. 1 to Credit Agreement XXXXXXX SACHS BANK USA, as a Lender By: /s/ Xxxxxxx Xxxxx Name: Xxxxxxx Xxxxx Title: Authorized Signatory Signature Page to Commitment Increase and Amendment No. 1 to Credit Agreement Schedule 2.01 – Commitments and Applicable Percentages Revolving Credit Commitment is subject to Revolving Credit Availability Amount.

More Definitions of Revolving Credit Availability

Revolving Credit Availability means, at any time, the amount equal to the Revolving Credit Commitment minus the Revolving Credit Exposure.

Revolving Credit Availability means, as of any time the same is to be determined, the amount (if any) by which (a) the lesser of (1) the Available Amount as then determined and computed in accordance with this Agreement, and (2) the Revolving Credit Commitments as then in effect, exceeds (b) the aggregate principal amount of Loans and L/C Obligations then outstanding.

Revolving Credit Availability means, at any particular time, the amount by which the Maximum Revolving Credit Amount exceeds the Revolving Credit Obligations outstanding at such time.

Revolving Credit Availability means, as of any date, the difference between (a) an amount equal to the aggregate amount of the Commitments of the Revolving Credit Lenders on such date less (b) the total Revolving Credit Exposure of the Revolving Credit Lenders on such date.

Revolving Credit Availability means the Borrowing Base minus the outstanding principal amount of Revolving Loans and Swing Loans and L/C Obligations.

Revolving Credit Availability means sum of the Revolving Committed Amount less the Revolving Credit Obligations.

Revolving Credit Availability means (a) an amount equal to the Aggregate Commitment or (b) at any time during a Collateral Period, an amount equal to the lesser of (i) the Aggregate Commitment and (ii) the Borrowing Base.