Revolving Loan Availability definition

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

Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

Revolving Loan Availability means the lesser of (i) the Revolving Commitment and (ii) the Borrowing Base. Revolving Outstandings means, at any time, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans, plus (b) the Stated Amount of all Letters of Credit.

Examples of Revolving Loan Availability in a sentence

• For the purposes of calculating interest and fees, determining Revolving Loan Availability and the amount of Eligible Accounts, all Remittances and other proceeds of Accounts and other Collateral deposited into any collection account shall be credited (conditional on final collection) against the Obligations as set forth in Section 2.15 hereof and the then Eligible Accounts as funds become collected and available in accordance with Agent’s designated funds availability policies from time to time in effect.

• On the terms and subject to the conditions contained herein, Borrower Agent may request that L/C Issuer Issue, in accordance with L/C Issuer’s usual and customary business practices and for the account of the Borrowers, Letters of Credit (denominated in Dollars) from time to time on any Business Day during the period from the Closing Date through the expiration of the Revolving Loan Availability Period.

• In the event the aggregate outstanding principal balance of all Revolving Loans hereunder exceed the Revolving Loan Availability, Borrower shall, upon notice or demand from Lender, immediately make such repayments of the Revolving Loans or take such other actions as shall be necessary to eliminate such excess.

• Each Lender with a Revolving Loan Commitment agrees to make loans on a revolving basis (“Revolving Loans”) from time to time until the Termination Date in such Lender’s Pro Rata Share of such aggregate amounts as Borrower may request from all Lenders; provided that the Revolving Outstandings will not at any time exceed Revolving Loan Availability (less the amount of any Swing Line Loans outstanding at such time).

• In the event the aggregate outstanding principal balance of all Revolving Loans and Letter of Credit Obligations hereunder exceeds the Revolving Loan Availability, the Borrowers shall, without notice or demand of any kind, immediately make such repayments of the Revolving Loans or take such other actions as are satisfactory to Lender as shall be necessary toeliminate such excess.

More Definitions of Revolving Loan Availability

Revolving Loan Availability means, as at any time, an amount, in Dollars, equal to:

Revolving Loan Availability means, at any time, an amount equal to the Revolving Loan Commitment minus the Letter of Credit Obligations.

Revolving Loan Availability means, at any time, the Revolving Loan Limit less the Revolving Loan Outstandings.

Revolving Loan Availability means, at any time, the remainder of (a) the Total Revolving Loan Commitment at such time minus (b) the sum of the Effective Amount of all Revolving Loans and Swing Line Loans and the Effective Amount of all L/C Obligations outstanding at such time.

Revolving Loan Availability means at any time the then applicable Revolving Loan Commitment.

Revolving Loan Availability means, at any time, an amount equal to the lesser of (a) the Revolving Loan Commitment minus the Letter of Credit Obligations, or (b) the Borrowing Base Amount minus the Letter of Credit Obligations.

Revolving Loan Availability means at any time, the Revolving Loan Commitment less the Letter of Credit Obligations.