{"component": "clause", "props": {"groups": [{"samples": [{"hash": "7Uq9gNv2Pu", "uri": "/contracts/7Uq9gNv2Pu#revolving-availability", "label": "Credit Agreement (Sitio Royalties Corp.)", "score": 33.9911003113, "published": true}, {"hash": "2kfOo8TifAQ", "uri": "/contracts/2kfOo8TifAQ#revolving-availability", "label": "Credit Agreement (Brigham Minerals, Inc.)", "score": 33.9911003113, "published": true}, {"hash": "9f9x401ECLA", "uri": "/contracts/9f9x401ECLA#revolving-availability", "label": "Credit Agreement (Brigham Minerals, Inc.)", "score": 33.4325790405, "published": true}], "snippet_links": [{"key": "after-giving", "type": "clause", "offset": [0, 12]}, {"key": "contemplated-hereby", "type": "clause", "offset": [40, 59]}, {"key": "owl-rock-payoff", "type": "definition", "offset": [75, 90]}, {"key": "outstanding-revolving-credit", "type": "definition", "offset": [110, 138]}], "size": 5, "snippet": "After giving effect to the transactions contemplated hereby, including the Owl Rock Payoff, the amount of the Outstanding Revolving Credit shall not exceed $0.00.", "hash": "d1bdcc5d878435476fba214fa7b4ec53", "id": 1}, {"samples": [{"hash": "9D3wx7fdpv2", "uri": "/contracts/9D3wx7fdpv2#revolving-availability", "label": "Credit Agreement (Sportsman's Warehouse Holdings, Inc.)", "score": 37.476386037, "published": true}, {"hash": "aD8YrNQjU6R", "uri": "/contracts/aD8YrNQjU6R#revolving-availability", "label": "Credit Agreement (Sportsman's Warehouse Holdings, Inc.)", "score": 35.5817947388, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [31, 42]}, {"key": "combined-loan-cap", "type": "definition", "offset": [143, 160]}], "size": 4, "snippet": "Permit Revolving Availability, at any time, to be less than ten percentthe greater of (x) $30,000,000, and (y) 10.0%) of the AdjustedSpecified Combined Loan Cap.", "hash": "6469b4b1ff3567f2e9dde3c30955d1d3", "id": 2}, {"samples": [{"hash": "hA6T8xG1Atb", "uri": "/contracts/hA6T8xG1Atb#revolving-availability", "label": "Credit Agreement (Central Credit, LLC)", "score": 21.0, "published": true}, {"hash": "eAJ1ar4qfHw", "uri": "/contracts/eAJ1ar4qfHw#revolving-availability", "label": "Credit Agreement (Global Cash Access, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "after-giving", "type": "clause", "offset": [0, 12]}, {"key": "all-credit-extensions", "type": "clause", "offset": [23, 44]}, {"key": "the-closing-date", "type": "clause", "offset": [58, 74]}, {"key": "revolving-commitments", "type": "definition", "offset": [97, 118]}, {"key": "aggregate-amount", "type": "clause", "offset": [136, 152]}, {"key": "revolving-outstandings", "type": "definition", "offset": [160, 182]}], "size": 3, "snippet": "After giving effect to all Credit Extensions occurring on the Closing Date, the aggregate unused Revolving Commitments shall exceed the aggregate amount of all Revolving Outstandings by at least $10,000,000.", "hash": "851edf00925ef8c514af19f5af59a8a4", "id": 3}, {"samples": [{"hash": "j1Ij4AyUdur", "uri": "/contracts/j1Ij4AyUdur#revolving-availability", "label": "Loan Agreement (KBS Real Estate Investment Trust III, Inc.)", "score": 33.2436676025, "published": true}], "snippet_links": [{"key": "from-and-after-the-closing-date", "type": "clause", "offset": [0, 31]}, {"key": "maturity-date", "type": "definition", "offset": [46, 59]}, {"key": "amounts-constituting", "type": "clause", "offset": [120, 140]}, {"key": "the-\u2587", "type": "clause", "offset": [187, 192]}, {"key": "principal-amount-of-the-loan", "type": "definition", "offset": [278, 306]}, {"key": "at-any-time", "type": "clause", "offset": [346, 357]}, {"key": "provided-that", "type": "clause", "offset": [402, 415]}, {"key": "holdback-period", "type": "definition", "offset": [444, 459]}, {"key": "a-portion", "type": "definition", "offset": [512, 521]}, {"key": "for-the-purposes", "type": "clause", "offset": [570, 586]}, {"key": "except-to-the-extent", "type": "clause", "offset": [603, 623]}, {"key": "in-accordance-with", "type": "clause", "offset": [707, 725]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [730, 753]}, {"key": "outstanding-principal-balance-of-the-loan", "type": "definition", "offset": [768, 809]}, {"key": "the-term-loan", "type": "clause", "offset": [845, 858]}, {"key": "aggregate-commitments", "type": "definition", "offset": [906, 927]}, {"key": "the-revolving-loan", "type": "clause", "offset": [1006, 1024]}, {"key": "equal-to", "type": "definition", "offset": [1034, 1042]}, {"key": "pay-or-reimburse", "type": "clause", "offset": [1164, 1180]}, {"key": "costs-and-expenses", "type": "definition", "offset": [1194, 1212]}, {"key": "tenant-improvements", "type": "definition", "offset": [1217, 1236]}, {"key": "tenant-allowance", "type": "definition", "offset": [1238, 1254]}, {"key": "work-required", "type": "clause", "offset": [1268, 1281]}, {"key": "terms-of-the", "type": "clause", "offset": [1298, 1310]}, {"key": "for-avoidance-of-doubt", "type": "clause", "offset": [1329, 1351]}, {"key": "subject-to-the", "type": "clause", "offset": [1435, 1449]}, {"key": "compliance-with-the", "type": "clause", "offset": [1467, 1486]}, {"key": "disbursement-conditions", "type": "clause", "offset": [1511, 1534]}, {"key": "pay-to", "type": "definition", "offset": [1605, 1611]}, {"key": "benefit-of-the-lenders", "type": "clause", "offset": [1650, 1672]}, {"key": "written-notice", "type": "clause", "offset": [1698, 1712]}, {"key": "comply-with-the", "type": "clause", "offset": [1764, 1779]}, {"key": "to-borrower", "type": "definition", "offset": [1843, 1854]}, {"key": "per-month", "type": "clause", "offset": [1909, 1918]}, {"key": "the-following-terms-and-conditions", "type": "clause", "offset": [1932, 1966]}, {"key": "default-shall", "type": "definition", "offset": [2066, 2079]}, {"key": "agent-shall", "type": "definition", "offset": [2111, 2122]}, {"key": "draw-request", "type": "clause", "offset": [2137, 2149]}, {"key": "signed-by", "type": "clause", "offset": [2150, 2159]}, {"key": "authorized-signer", "type": "definition", "offset": [2163, 2180]}, {"key": "disbursements-of-revolving-loan-proceeds", "type": "clause", "offset": [2293, 2333]}, {"key": "the-properties", "type": "definition", "offset": [2351, 2365]}, {"key": "ongoing-debt-service-coverage-ratio", "type": "definition", "offset": [2381, 2416]}, {"key": "representations-and-warranties", "type": "definition", "offset": [2470, 2500]}, {"key": "in-this-agreement", "type": "clause", "offset": [2511, 2528]}, {"key": "true-and-correct", "type": "clause", "offset": [2538, 2554]}, {"key": "in-all-material-respects", "type": "definition", "offset": [2555, 2579]}, {"key": "date-of", "type": "clause", "offset": [2590, 2597]}, {"key": "unless-administrative-agent", "type": "definition", "offset": [2620, 2647]}, {"key": "prior-to-the", "type": "clause", "offset": [2676, 2688]}, {"key": "disbursement-of-the-advance", "type": "clause", "offset": [2689, 2716]}, {"key": "after-giving", "type": "clause", "offset": [2780, 2792]}, {"key": "disbursement-debt-service", "type": "definition", "offset": [2864, 2889]}, {"key": "based-on", "type": "definition", "offset": [2906, 2914]}, {"key": "results-of-operations", "type": "definition", "offset": [2919, 2940]}, {"key": "most-recent", "type": "definition", "offset": [2969, 2980]}, {"key": "test-date", "type": "clause", "offset": [2981, 2990]}, {"key": "minimum-required-debt-service-coverage-ratio", "type": "definition", "offset": [3013, 3057]}, {"key": "a-compliance-certificate", "type": "clause", "offset": [3075, 3099]}, {"key": "revolving-loan-outstanding", "type": "definition", "offset": [3289, 3315]}, {"key": "with-respect-to", "type": "clause", "offset": [3385, 3400]}, {"key": "business-days-of", "type": "clause", "offset": [3740, 3756]}, {"key": "satisfaction-of", "type": "clause", "offset": [3761, 3776]}, {"key": "the-foregoing", "type": "definition", "offset": [3777, 3790]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [3853, 3878]}], "size": 3, "snippet": "From and after the Closing Date and until the Maturity Date, Borrowers may borrow, and subsequently repay and reborrow, amounts constituting Revolving Loan Proceeds (including amounts in the \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Holdback to the extent applicable) under this Agreement, so long as (x) the principal amount of the Loan outstanding as Revolving Loan Proceeds at any time does not exceed the Revolving Availability (provided that during the \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Lease Holdback Period, advances from the \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Holdback constituting a portion of the Revolving Availability shall be reserved for the purposes set forth below except to the extent such amounts have been previously advanced from the \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Holdback and repaid in accordance with the terms of this Agreement), and (y) the outstanding principal balance of the Loan (including the principal amount of the Term Loan outstanding) does not exceed the amount of the Aggregate Commitments; provided, however, during the \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Lease Holdback Period, a portion of the Revolving Loan Proceeds equal to Twenty-Five Million Dollars ($25,000,000.00) (the \u201c\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Holdback\u201d) shall be held-back and reserved for advances to pay or reimburse Borrower for costs and expenses for tenant improvements, tenant allowance or any other work required pursuant to the terms of the \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Lease. For avoidance of doubt, any proceeds advanced from the \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Holdback may be repaid and re-borrowed (subject to the satisfaction and compliance with the Revolving Loan Proceeds Disbursement Conditions defined below) as part of the Revolving Availability. Borrowers shall pay to Administrative Agent, for the ratable benefit of the Lenders, within five (5) days of written Notice from Administrative Agent, any amount necessary to comply with the preceding sentence. Revolving Loan Proceeds shall be disbursed to Borrower (but not more frequently than three (3) disbursements per month), subject to the following terms and conditions (collectively, the \u201cRevolving Loan Proceeds Disbursement Conditions\u201d):\n(i) no Default or Potential Default shall exist; and\n(ii) Administrative Agent shall have received Draw Request signed by an Authorized Signer; and\n(iii) Administrative Agent shall not have suspended (or such suspension, if any, shall not then exist) the disbursements of Revolving Loan Proceeds for a failure of the Properties to satisfy the Ongoing Debt Service Coverage Ratio in accordance with Section 4.22; and\n(iv) Borrowers\u2019 representations and warranties set forth in this Agreement shall be true and correct in all material respects as of the date of the Draw Request and, unless Administrative Agent is notified to the contrary prior to the disbursement of the advance requested, will be so on the date of the disbursement; and\n(v) After giving effect to the requested disbursement, Borrowers shall have satisfied a Disbursement Debt Service Coverage Ratio, based on the results of operations of the Properties as of the most recent Test Date, of not less than the Minimum Required Debt Service Coverage Ratio, as evidenced by a compliance certificate delivered by Borrowers to Administrative Agent in accordance with Section 4.8(f); and\n(vi) the amount of the requested disbursement shall not, (A) when added to the principal amount of the Revolving Loan outstanding, exceed the Revolving Availability (subject to the limitations above with respect to the \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Holdback during the \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Lease Holdback Period), or (B) when added to the outstanding principal balance of the Loan (including the principal amount of the Term Loan outstanding) exceed the amount of the Aggregate Commitments. Administrative Agent shall fund any disbursement of Revolving Loan Proceeds within five (5) Business Days of the satisfaction of the foregoing conditions, subject to satisfaction of and in accordance with the provisions of Section 1.3.4.", "hash": "6deb300b0bb4e131a3e771b1454a9131", "id": 4}, {"samples": [{"hash": "3M5nT3NM8p2", "uri": "/contracts/3M5nT3NM8p2#revolving-availability", "label": "Secured Revolving Loan Credit Agreement (StratCap Digital Infrastructure REIT, Inc.)", "score": 36.0773429871, "published": true}, {"hash": "kQkW6bs2ZkR", "uri": "/contracts/kQkW6bs2ZkR#revolving-availability", "label": "Secured Revolving Loan Credit Agreement (Strategic Wireless Infrastructure Fund Ii, Inc.)", "score": 35.3545532227, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "request-for", "type": "clause", "offset": [20, 31]}, {"key": "a-credit", "type": "definition", "offset": [32, 40]}, {"key": "the-revolving-facility", "type": "clause", "offset": [57, 79]}, {"key": "after-giving", "type": "clause", "offset": [81, 93]}, {"key": "the-credit", "type": "definition", "offset": [104, 114]}, {"key": "total-revolving-credit-exposure", "type": "definition", "offset": [153, 184]}, {"key": "the-lenders", "type": "clause", "offset": [195, 206]}, {"key": "lesser-of", "type": "definition", "offset": [228, 237]}, {"key": "aggregate-revolving-commitments", "type": "definition", "offset": [246, 277]}, {"key": "in-effect", "type": "clause", "offset": [278, 287]}, {"key": "date-of", "type": "clause", "offset": [298, 305]}, {"key": "the-borrowing", "type": "clause", "offset": [335, 348]}, {"key": "borrowing-base-report", "type": "definition", "offset": [463, 484]}, {"key": "borrowing-request", "type": "definition", "offset": [512, 529]}, {"key": "each-credit-extension", "type": "clause", "offset": [554, 575]}, {"key": "representation-and-warranty", "type": "definition", "offset": [608, 635]}, {"key": "the-borrowers", "type": "definition", "offset": [639, 652]}, {"key": "applicable-credit", "type": "definition", "offset": [682, 699]}, {"key": "section-42", "type": "clause", "offset": [760, 771]}], "size": 2, "snippet": "With respect to any request for a Credit Extension under the Revolving Facility, after giving effect to the Credit Extension so requested, the aggregate total Revolving Credit Exposure of all of the Lenders shall not exceed the lesser of (A) the Aggregate Revolving Commitments in effect as of the date of such Credit Extension or (B) the Borrowing Base in effect as of the date of such Credit Extension, and Borrowers shall concurrently deliver a duly completed Borrowing Base Report with respect thereto. Each Borrowing Request delivered hereunder and each Credit Extension shall be deemed to constitute a representation and warranty by the Borrowers on and as of the date of the applicable Credit Extension that the matters and conditions specified in this Section 4.2 have been satisfied on and as of the date of such Borrowing Request.", "hash": "e429c17ecdcfeeab2a6c6fd05a534ad7", "id": 5}, {"samples": [{"hash": "2x2X9NACzow", "uri": "/contracts/2x2X9NACzow#revolving-availability", "label": "Credit Agreement (Sportsman's Warehouse Holdings, Inc.)", "score": 27.3942508698, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [30, 41]}, {"key": "adjusted-combined-loan-cap", "type": "definition", "offset": [83, 109]}], "size": 1, "snippet": "Permit Revolving Availability at any time to be less than ten percent (10%) of the Adjusted Combined Loan Cap.", "hash": "8cd379b44395acd77b7217b980ec5116", "id": 6}, {"samples": [{"hash": "i0Tl44JQMJe", "uri": "/contracts/i0Tl44JQMJe#revolving-availability", "label": "Credit Agreement (Legacy Housing Corp)", "score": 32.5824775696, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "request-for", "type": "clause", "offset": [20, 31]}, {"key": "a-credit", "type": "definition", "offset": [32, 40]}, {"key": "the-revolving-facility", "type": "clause", "offset": [57, 79]}, {"key": "the-credit", "type": "definition", "offset": [103, 113]}, {"key": "total-revolving-credit-exposure", "type": "definition", "offset": [152, 183]}, {"key": "the-lenders", "type": "clause", "offset": [194, 205]}, {"key": "lesser-of", "type": "definition", "offset": [227, 236]}, {"key": "aggregate-revolving-commitments", "type": "definition", "offset": [245, 276]}, {"key": "in-effect", "type": "clause", "offset": [277, 286]}, {"key": "date-of", "type": "clause", "offset": [297, 304]}, {"key": "borrowing-base", "type": "clause", "offset": [339, 353]}, {"key": "borrowing-request", "type": "definition", "offset": [410, 427]}, {"key": "by-the-borrower", "type": "clause", "offset": [428, 443]}, {"key": "each-credit-extension", "type": "clause", "offset": [468, 489]}, {"key": "representation-and-warranty", "type": "definition", "offset": [522, 549]}, {"key": "applicable-credit", "type": "definition", "offset": [595, 612]}, {"key": "section-42", "type": "clause", "offset": [673, 684]}], "size": 1, "snippet": "With respect to any request for a Credit Extension under the Revolving Facility, upon giving effect to the Credit Extension so requested, the aggregate total Revolving Credit Exposure of all of the Lenders shall not exceed the lesser of (A) the Aggregate Revolving Commitments in effect as of the date of such Credit Extension and (B) the Borrowing Base in effect as of the date of such Credit Extension. Each Borrowing Request by the Borrower delivered hereunder and each Credit Extension shall be deemed to constitute a representation and warranty by the Borrower on and as of the date of the applicable Credit Extension that the matters and conditions specified in this Section 4.2 have been satisfied on and as of the date of such Borrowing Request.", "hash": "768faa8f724f373458f144e268ba9d04", "id": 7}, {"samples": [{"hash": "hrV94bbQh2Q", "uri": "/contracts/hrV94bbQh2Q#revolving-availability", "label": "Credit Agreement (City Office REIT, Inc.)", "score": 36.6194381714, "published": true}], "snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [0, 17]}, {"key": "equal-to", "type": "definition", "offset": [29, 37]}, {"key": "lesser-of", "type": "definition", "offset": [42, 51]}, {"key": "the-revolving-credit-commitments", "type": "clause", "offset": [56, 88]}, {"key": "the-lenders", "type": "clause", "offset": [96, 107]}, {"key": "revolving-credit-exposure", "type": "definition", "offset": [118, 143]}, {"key": "maximum-amount", "type": "clause", "offset": [177, 191]}, {"key": "total-loan-exposure", "type": "definition", "offset": [195, 214]}, {"key": "for-the-borrower", "type": "clause", "offset": [242, 258]}, {"key": "in-compliance-with", "type": "definition", "offset": [269, 287]}, {"key": "the-total", "type": "clause", "offset": [325, 334]}], "size": 1, "snippet": "From time to time, an amount equal to the lesser of (a) the Revolving Credit Commitments of all the Lenders minus the Revolving Credit Exposure then Outstanding, or (b) (i) the maximum amount of Total Loan Exposure which could be outstanding for the Borrower to remain in compliance with \u00a79.9(a) and \u00a79.9(b) below, less (ii) the Total Loan Exposure then Outstanding.", "hash": "f0662908992856a2a11eeb704700292b", "id": 8}, {"samples": [{"hash": "9CIZresYtb3", "uri": "/contracts/9CIZresYtb3#revolving-availability", "label": "Senior Credit Agreement (Brooks Pharmacy, Inc.)", "score": 18.0, "published": true}], "snippet_links": [{"key": "after-giving", "type": "clause", "offset": [0, 12]}, {"key": "all-credit-extensions", "type": "clause", "offset": [23, 44]}, {"key": "the-closing-date", "type": "clause", "offset": [58, 74]}, {"key": "aggregate-revolving-outstandings", "type": "definition", "offset": [80, 112]}, {"key": "lc-obligations", "type": "clause", "offset": [143, 157]}, {"key": "obligations-shall", "type": "definition", "offset": [213, 230]}], "size": 1, "snippet": "After giving effect to all Credit Extensions occurring on the Closing Date, the Aggregate Revolving Outstandings (exclusive of any outstanding LC Obligations) shall not exceed US$50,000,000 and the outstanding LC Obligations shall not exceed US$85,000,000.", "hash": "b97077e79fbb73045109050db57d8e65", "id": 9}, {"samples": [{"hash": "4VG9J9Bw0ZD", "uri": "/contracts/4VG9J9Bw0ZD#revolving-availability", "label": "Credit Agreement (Bellatrix Exploration Ltd.)", "score": 27.5544147491, "published": true}], "snippet_links": [{"key": "applicable-maturity-date", "type": "definition", "offset": [13, 37]}, {"key": "outstanding-principal", "type": "definition", "offset": [43, 64]}, {"key": "syndicated-facility", "type": "definition", "offset": [83, 102]}, {"key": "operating-facility", "type": "definition", "offset": [111, 129]}, {"key": "the-borrower", "type": "definition", "offset": [146, 158]}, {"key": "issuance-of-letters-of-credit", "type": "clause", "offset": [342, 371]}, {"key": "each-case", "type": "definition", "offset": [376, 385]}, {"key": "in-accordance-with", "type": "clause", "offset": [386, 404]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [409, 432]}], "size": 1, "snippet": "Prior to the applicable Maturity Date, the Outstanding Principal under each of the Syndicated Facility and the Operating Facility may revolve and the Borrower may borrow, repay and re-borrow Cdn. Dollars or U.S. Dollars and may issue, repay and re-issue Bankers\u2019 Acceptances thereunder, and may under the Operating Facility only, request the issuance of Letters of Credit, in each case in accordance with the terms of this Agreement.", "hash": "468490ffb6872ec3fbf655e09d8ddca6", "id": 10}], "next_curs": "Cl8SWWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjsLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih9yZXZvbHZpbmctYXZhaWxhYmlsaXR5IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["representations-and-warranties", "Representations and Warranties"], ["erisa", "ERISA"], ["specific-covenants", "Specific Covenants"], ["non-payment", "Non-Payment"], ["cross-default", "Cross-Default"]], "title": "Revolving Availability", "size": 26, "parents": [["conditions-precedent", "Conditions Precedent"], ["conditions-to-initial-borrowing-and-participation-in-letter-of-credit-exposure", "Conditions to Initial Borrowing and Participation in Letter of Credit Exposure"], ["miscellaneous", "Miscellaneous"], ["commitment-to-lend-revolving-availability-increase-in-commitments", "Commitment to Lend Revolving Availability Increase in Commitments"], ["payments-computations", "Payments Computations"]], "id": "revolving-availability", "related": [["funding-availability", "FUNDING AVAILABILITY", "FUNDING AVAILABILITY"], ["undrawn-availability", "Undrawn Availability", "Undrawn Availability"], ["funds-availability", "Funds Availability", "Funds Availability"], ["rdds-availability", "RDDS availability", "RDDS availability"], ["minimum-availability", "Minimum Availability", "Minimum Availability"]], "related_snippets": [], "updated": "2026-06-28T07:51:00+00:00", "also_ask": ["What are the essential terms to define the scope and limits of revolving availability?", "How can parties structure drawdown and repayment provisions to maximize flexibility or control risk?", "What are the most common pitfalls or ambiguities that undermine enforceability of revolving availability clauses?", "How does this clause compare to standard market practice or LMA/LSTA precedents?", "What factors do courts consider when determining if a lender can suspend or terminate revolving availability?"], "drafting_tip": "Specify the conditions for re-borrowing, set clear limits on availability periods, and define notice requirements to prevent disputes and ensure predictable access to funds.", "explanation": "The Revolving Availability clause defines the borrower's ability to repeatedly draw, repay, and re-borrow funds up to a specified credit limit during the term of a loan agreement. In practice, this means that as the borrower repays portions of the outstanding balance, those amounts become available for future borrowing, similar to how a credit card operates. This clause provides flexibility in managing cash flow and ensures that the borrower has ongoing access to funds without needing to renegotiate the loan each time additional capital is required."}, "json": true, "cursor": ""}}