Amount Available Clause Samples
The "Amount Available" clause defines the maximum sum of money or credit that can be accessed or drawn under a contract or financial arrangement. Typically, this clause specifies the total limit available to a party, such as a borrower under a loan agreement or a buyer in a letter of credit, and may outline how and when funds can be accessed or reduced. Its core practical function is to set clear financial boundaries, preventing overextension and ensuring all parties understand the limits of their financial obligations or entitlements.
Amount Available. The aggregate Total Cost of Equipment to be subject to such Leases and Financed Items to be subject to such Financing shall not exceed $5.633, 000.00 ("Amount Available") without Lessor's consent, which consent shall be evidenced either by a writing executed by Lessor or by Lessor's funding during the Commitment Period of Leases. Financing, or both in an aggregate amount exceeding such Amount Available.
Amount Available. The aggregate amount available to be drawn under this Section 2.11 shall be equal to (i) the aggregate amount of Commitments hereunder plus (ii) interest (computed on the basis of a year of 360 days) that would accrue on such aggregate amount for a period of 360 days at a rate per annum equal to 12%. Partial and multiple drawings under this Section 2.11 are permitted. The Undertaking shall expire on the date 100 days following the Commitment Termination Date.
Amount Available. Withdrawals and loans shall be made subject to the terms and conditions applicable to distributions pursuant to Section 9.4, except that the amount of any withdrawal or loan shall be determined by reference to the vested balance of the Participant's Account as of the most recent Valuation Date preceding the withdrawal or loan, and shall not exceed the amount of the vested account balance.
Amount Available. The aggregate amount available to be drawn under this Section 2.12 shall be equal to (i) the FSB Borrowing Limit plus (ii) interest (computed on the basis of a year of 360 days) that would accrue on the FSB Borrowing Limit for a period of 360 days at a rate per annum equal to 12%. Partial and multiple drawings under this Section 2.12 are permitted. The Undertaking shall expire on the date 100 days following the latest Commitment Termination Date, as the same may be extended from time to time.
Amount Available. (a) The Amount Available shall ---------------- initially be $397,000,000. On each date set forth below prior to the issuance of the Letter of Credit, unless previously reduced to the same or a lesser amount pursuant to subsection (b) below, the Amount Available will be automatically reduced immediately following the close of business on such date, without requirement of notice or other action by any party, to the amount set forth opposite such date: Date Amount Available ---- ---------------- Third Anniversary of the Purchase Closing Date $272,000,000 Fourth Anniversary of the Purchase Closing Date $127,000,000 Fifth Anniversary of the Purchase Closing Date $ 0
(b) Prior to the issuance of the Letter of Credit, upon at least three Business Days' notice to the Agent, the Company may at any time or from time to time at its option permanently reduce the Amount Available by a minimum amount of $20,000,000 or, if the Amount Available is less than $20,000,000, by such amount. The Agent shall promptly notify the Banks of any such notice received by it.
(c) In the event the Amount Available is reduced to zero in accordance with the foregoing provisions of this Section 2.02, the obligation of the Issuing Bank to issue the Letter of Credit shall terminate on the effective date of such reduction.
(d) Subsequent to the issuance of the Letter of Credit, the Amount Available shall be subject to scheduled and optional reductions in accordance with the terms of the Letter of Credit.
Amount Available. Note Insurance Policy __________
Amount Available. Beginning January 1, 2001 through and including August 31, 2001 (the "Availability Period"), and subject to the terms and conditions of this Agreement, the Lender shall extend to the Borrower, and the Borrower shall from time to time borrow from the Lender, a loan in an amount not to exceed the aggregate principal amount of One Million Dollars ($1,000,000) (the "Loan"). The Lender shall make each advance of the Loan to the Borrower, in immediately available funds in United States dollars (the "Advance") subject to the conditions set forth in this Agreement.
Amount Available. Beginning January 1, 2001 through and including August 31, 2001 (the "Availability Period"), and subject to the terms and conditions of this Agreement, the Lender shall extend to the Borrower, and the Borrower shall from time to time borrow from the Lender, a loan in an amount not to exceed the aggregate principal amount of One Million Dollars ($1,000,000) (the "Loan"). The Lender shall make each advance of the Loan to the Borrower, in immediately available funds in United States dollars (the "Advance") subject to the conditions set forth in this Agreement.