Available Aggregate Commitment definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

Available Aggregate Commitment means, at any time, the aggregate Commitments then in effect minus the aggregate Revolving Exposures at such time.

Examples of Available Aggregate Commitment in a sentence

• If at any time the Aggregate Outstanding Credit Exposure exceeds the Available Aggregate Commitment, the Company shall immediately repay Advances or cash collateralize LC Obligations in the Facility LC Collateral Account in accordance with the procedures set forth in Section 9.2, as applicable, in an aggregate principal amount sufficient to cause the Aggregate Outstanding Credit Exposure to be less than or equal to the Available Aggregate Commitment.

• In no event may the Aggregate Outstanding Credit Exposure exceed the Available Aggregate Commitment.

• Each Advance shall be in the minimum amount of $5,000,000 (and in integral multiples of $1,000,000 if in excess thereof); provided that (x) any Floating Rate Advance may be in the amount of the Available Aggregate Commitment (rounded down, if necessary, to an integral multiple of $1,000,000) and (y) there shall not at any time be more than a total of ten (10) ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Advances and RFR Advances outstanding.

• Each Advance shall be in the minimum amount of $5,000,000 (and in integral multiples of $1,000,000 if in excess thereof); provided that (x) any Floating Rate Advance may be in the amount of the Available Aggregate Commitment (rounded down, if necessary, to an integral multiple of $1,000,000) and (y) there shall not at any time be more than a total of ten (10) Term Benchmark Advances and Daily Simple SOFR Advances outstanding.

More Definitions of Available Aggregate Commitment

Available Aggregate Commitment means, for any day, the Aggregate Commitment then in effect minus the sum of (i) the aggregate principal amount ----- of the outstanding Advances and (ii) the Aggregate Outstanding LC Exposure.

Available Aggregate Commitment means, for any day, the Aggregate Commitment then in effect minus the sum of (i) the aggregate outstanding ----- principal amount of the Advances; (ii) the aggregate outstanding principal amount of the Swing Line Loans; and (iii) the Aggregate Outstanding LC Exposure.

Available Aggregate Commitment means (a) at any time on or prior to May 1, 2002, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time and (b) at any time after May 1, 2002, zero.

Available Aggregate Commitment means, at any time, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time. “Bank One” means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors.

Available Aggregate Commitment means, at any time, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time. "Bank One" means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors. "Borrower" means ▇▇▇▇▇▇▇ International, Inc., an Indiana corporation, and its successors and assigns. "Borrowing Date" means a date on which an Advance is made hereunder.

Available Aggregate Commitment means, at any time, the lesser of Aggregate Commitment then in effect or the Borrowing Base then in effect, minus the Aggregate Outstanding Credit Exposure at SUCH time.

Available Aggregate Commitment means, at any time, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time. SIDLEY AUSTIN BROWN & WOOD 2