Available Amount. The face amount of the requested Letter of Credit may not exceed the lesser of (a) the amount determined by subtracting the aggregate Individual Outstanding 5-Year Obligations of all Syndication Parties from the 5-Year Commitment, or (b) the amount determined by subtracting the undrawn face amount of all Letters of Credit and Closing Date Letters of Credit then outstanding (including any Letter of Credit requested but not yet issued unless the Letter of Credit Bank has declined to issue the Letter of Credit) from the LC Commitment.
Available Amount. Permit the aggregate principal amount of all outstanding Advances at any time to exceed the lesser of (i) the Commitment, and (ii) the Maximum Availability Amount at such time.
Available Amount. The face amount of the requested Negotiated Letter of Credit may not exceed the lesser of (a) the amount determined by subtracting the aggregate Individual Outstanding 5-Year Obligations of all Syndication Parties from the 5-Year Commitment, (b) an amount which would exceed the Issuing Syndication Party’s Individual 5-Year Lending Capacity, or (c) the amount determined by subtracting the undrawn face amount of all Letters of Credit and Existing Letters of Credit then outstanding (including any Committed Letter of Credit requested but not yet issued unless the Letter of Credit Bank has declined to issue the Letter of Credit) from the LC Commitment. Prior to the issuance of a Negotiated Letter of Credit, the Issuing Syndication Party shall confirm with the Administrative Agent that the issuance of such Negotiated Letter of Credit will not result in the limitations set forth in this Subsection being exceeded.
Available Amount. 1 1.5 BASE RATE MARGIN .................................... 1
Available Amount. The maximum aggregate amount available under this Letter of Credit shall be $ , which amount, as from time to time reduced and reinstated as provided in Paragraphs 3 and 4, is hereinafter referred to as the “Available Amount.” Of the Available Amount, up to $ is available for the payment of the unpaid principal amount of, or a portion of the portion of the Purchase Price (as defined below) corresponding to principal
Available Amount. In connection with any use by the Borrower of the Available Amount pursuant to Section 6.04(a)(iii)(A), Section 6.04(b)(vi)(A) or Section 6.06(r)(i), the Borrower shall provide to the Administrative Agent reasonably detailed calculations of the Available Amount then in effect.
Available Amount. In the case of a proposed Secured Advance, the aggregate outstanding principal amount of Secured Advances (after giving effect to the proposed Secured Advance) shall not be greater than the lesser of (x) the Secured Revolving Commitment, or (y) Available Amount.
Available Amount. Funds to support the program annually shall not exceed 10 percent of the amount appropriated annually for the His- toric Preservation Fund.
Available Amount. (I) An amount equal to, without duplication:
Available Amount. It is understood and agreed that the Issuing Bank shall not have any obligation to pay any draft presented by the Agent under the Debt Service Letter of Credit if the amount of such draft shall exceed the Available Amount (as defined below) as of the date of payment of such draft. "Available Amount" shall mean, as of any date, the amount by which the Required Stated Amount exceeds the aggregate outstanding principal amount of all Debt Service Letter of Credit Loans as of such date.
