Borrowing Capacity. This term means the amount of funds which are able to be raised by the issuance of revenue bonds or through other financing mechanisms, less bond issuance expenses and reserves.
Borrowing Capacity. If upon the submission of any inventory report as contemplated by paragraph 6.1 of this Agreement, the Borrowing Capacity is less than the sum of the aggregate principal balance of all then outstanding Advances (inclusive of the Dollar Equivalent of all outstanding Euro Denominated Revolving Loans) and the aggregate face amount (or Dollar Equivalent thereof as of such time) of Letters of Credit and the Borrower fails to immediately pay such difference to the Agent for the benefit of the Lenders.
Borrowing Capacity. For any VFN on any date, the difference between (i) the related Maximum VFN Principal Balance on such date and (ii) the related VFN Principal Balance on such date.
Borrowing Capacity. (SS 1.1(c)) Borrowing Capacity at any time shall be the net amount determined by taking the lesser of the following amounts:
Borrowing Capacity. Bank shall make available to Borrowers, a secured revolving credit facility (the “Revolving Credit”) with a maximum principal amount at any one time outstanding equal to the lesser of (i) $2,000,000.00 or (ii) the Borrowing Base. The Revolving Credit shall be subject to all of the terms hereof, may be availed of by Borrowers from time to time, may be repaid by Borrowers and may be availed of by Borrowers again.
Borrowing Capacity. Advances under the Credit Facilities 1 and 2 above will be subject to a Borrowing Base equal to the lesser of (i) $50,000,000, or (ii) 80% of "Eligible" Accounts Receivable, on a consolidated basis, as defined in the Credit Agreement.
Borrowing Capacity. The parties hereto acknowledge and agree that there is no remaining Borrowing Capacity available hereunder and that the Lender has no further obligation to make loans to the Borrower.
Borrowing Capacity. (Section 1.1(c)) Borrowing Capacity at any time shall be the net amount determined by taking the lesser of the following amounts:
Borrowing Capacity. The term "Borrowing Capacity" for the Revolving Loan means, at the time of computation, the lesser of $18,000,000.00, or the then existing "Collateral Availability" (as defined below in this Article 1) reduced by: (i) the amount of all Advances Lender makes to Borrowers under the Revolving Loan which are then outstanding and not repaid; and (ii) the face amount of all letters of credit (each, an L/C") and the amount of all other credits or indulgences Lender, in its sole discretion, grants to Borrowers under the Revolving Loan from time to time, if any.
Borrowing Capacity. Any provision of this Agreement or any other Financing Agreement to the contrary notwithstanding, in the event that the Borrowing Capacity is less than zero (0) at any time, Borrower shall upon the request of the Bank immediately pay to the Bank the amount of the Available Amount of Standby Letters of Credit, all Advances and any other financial accommodations made by the Bank hereunder sufficient to cause the Borrowing Capacity to equal zero (0).
