Aggregate Available Commitment definition

Aggregate Available Commitment means, at any time, the excess, if any of (a) the Aggregate Commitment over (b) the aggregate principal amount of all Loans then outstanding.

Aggregate Available Commitment means the aggregate of the Lenders’ Available Commitment hereunder.

Aggregate Available Commitment means, at any time, (a) the lesser of (i) the Aggregate Commitment at such time and (ii) the Borrowing Base at such time, less (b) the sum of (i) the outstanding Facility Letter of Credit Obligations at such time plus (ii) the aggregate principal amount of outstanding Loans at such time.

Examples of Aggregate Available Commitment in a sentence

• Each Borrowing shall be in an aggregate amount not less than $5,000,000 (or, if lower, the amount of the Aggregate Available Commitment) or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Percentages.

• Within the limits of each Lender’s Commitment and as hereinabove and hereinafter provided, the Borrower may request Borrowings hereunder, and repay or prepay Revolving Advances pursuant to Section 2.12 and utilize the resulting increase in the Aggregate Available Commitment for further Extensions of Credit in accordance with the terms hereof.

• Each Borrowing of Revolving Credit Loans shall be in an amount equal to (x) in the case of Base Rate Loans, $25,000,000 or a whole multiple of $5,000,000 in excess thereof (or, if the then Aggregate Available Commitment is less than $25,000,000, such lesser amount) and (y) in the case of Eurodollar Revolving Credit Loans, $25,000,000 or a whole multiple of $5,000,000 in excess thereof.

• The aggregate Letter of Credit Amounts under all outstanding Letters of Credit and the aggregate amount of unreimbursed drawings under Letters of Credit shall reduce, dollar for dollar, the Aggregate Available Commitment.

• Within the limits of each Lender’s Commitment and as hereinabove and hereinafter provided, each Borrower may request Borrowings hereunder, and repay or prepay Revolving Advances pursuant to Section 2.12 and utilize the resulting increase in the Aggregate Available Commitment (subject to its Sublimit) for further Extensions of Credit in accordance with the terms hereof.

More Definitions of Aggregate Available Commitment

Aggregate Available Commitment means the aggregate of the Available Commitments of all the Lenders.

Aggregate Available Commitment means, at any time, the Aggregate Commitment at such time, MINUS the aggregate amount of all Advances.

Aggregate Available Commitment means, at any time of determination, an amount equal to the amount by which (a) the aggregate Revolving Commitments at such time exceed (b) the aggregate Revolving Credit Exposures at such time.

Aggregate Available Commitment means at any time the positive difference, if any, of (i) the Aggregate Commitment at such time minus (ii) the EPL Loan Availability at such time; and for clarification, at Disqualifying Condition Termination, “Aggregate Available Commitment” shall be equal to the Aggregate Commitment.

Aggregate Available Commitment means, at any time, the aggregate Revolving Loan Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time.

Aggregate Available Commitment means the aggregate of the Lenders’ Available Commitment hereunder. “Aggregate Commitment” means the total of all of the Lenders’ Commitments hereunder.

Aggregate Available Commitment means, at any time, the Aggregate Commitment minus the Facility Letter of Credit Obligations.