Available Amount of any Letter of Credit means, at any time, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing).
Available Amount of any Letter of Credit means, at any time, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing), converting all non-Dollar amounts into the Dollar Equivalent thereof at such time.
Examples of Available Amount in a sentence
This Agreement sets out the terms and conditions upon which the Lender agrees to make available to the Borrower a loan facility in an amount not exceeding the Maximum Available Amount, in a single advance for the purposes of enabling the Borrower to partly finance the acquisition cost of the Vessel, upon and subject to the terms and conditions of this Agreement.
More Definitions of Available Amount
Available Amount means, as at any time of determination, an amount, not less than zero in the aggregate, determined on a cumulative basis, equal to, without duplication:
Available Amount means, at any time (the “Available Amount Reference Time”), an amount (which shall not be less than zero) equal to the sum of:
Available Amount means, on any date of determination, a cumulative amount equal to (without duplication):
Available Amount means, with respect to any Payment Date, the sum of Available Interest and Available Principal.
Available Amount means initially Ten Million Dollars ($10,000,000) in the aggregate which amount shall be reduced by the Purchase Amount each time the Buyer purchases shares of Common Stock pursuant to Section 1 hereof.
Available Amount means initially Twenty Million Dollars ($20,000,000) in the aggregate which amount shall be reduced by the Purchase Amount each time the Buyer purchases shares of Common Stock pursuant to Section 1 hereof.