Available Commitments definition

Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

Available Commitments means, on any day, the aggregate unused Commitments, computed after giving effect to all Extensions of Credit made or to be made on such day, the application of proceeds therefrom and all prepayments and repayments of Revolving Loans made on such day.

Available Commitments means, as of any date of determination, (a) the aggregate Commitments of the Lenders, as such amount may be reduced, changed or terminated in accordance with the terms of this Agreement, reduced by (b) the aggregate Advances outstanding on such date of determination.

Examples of Available Commitments in a sentence

• At the end of the Availability Period for the J Facility, the Available Commitments in respect of the J Facility shall automatically be cancelled and the Available Commitments in respect of the J Facility for each Additional J Facility Lender shall automatically be reduced to zero.

• At the end of the Additional Facility Availability Period for Facility AV2, the Available Commitments in respect of Facility AV2 shall automatically be cancelled and the Available Commitments in respect of Facility AV2 for each Additional Facility AV2 Lender shall automatically be reduced to zero.

• At the end of the Availability Period for Facility AN, the Available Commitments in respect of Facility AN shall automatically be cancelled and the Available Commitments in respect of Facility AN for each Additional Facility AN Lender shall automatically be reduced to zero.

• The Company shall prepay any outstanding Loans and cancel the Available Commitments from the net proceeds of certain types of financing of members of the Group, in accordance with the provisions of the Takeout Financing Side Letter and this Agreement.

• At the end of the Additional Facility Availability Period for Facility AV, the Available Commitments in respect of Facility AV shall automatically be cancelled and the Available Commitments in respect of Facility AV for each Additional Facility AV Lender shall automatically be reduced to zero.

More Definitions of Available Commitments

Available Commitments means the aggregate of the Lenders' Available Commitments.

Available Commitments as to any Bank at a particular time, an amount equal to the difference between (a) the amount of the Commitments at such time and (b) the Aggregate Outstanding Extensions of Credit at such time.

Available Commitments means the aggregate of the Lenders' Available Commitments hereunder.

Available Commitments means, at any time, an amount equal to the excess, if any, of (a) the Aggregate Revolving Commitments, then in effect minus (b) the Outstanding Amount of Revolving Obligations (excluding the amount of any then-outstanding Swing Line Loans).

Available Commitments means as to any Participant at any time, an amount equal to the excess, if any, of (a) the amount of such Participant's Commitment over (b) the aggregate amount of its Participation Interest in all Advances made by the Lessor then outstanding.

Available Commitments means, at any time, an amount equal to (i) the lesser of (a) the aggregate Revolving Credit Commitments at such time and (b) the Borrowing Base at such time minus (ii) Revolving Credit Exposure of all Revolving Credit Lenders at such time.

Available Commitments means, at any time, the aggregate amount of the Commitments then in effect minus the total Revolving Exposure at such time; provided that in calculating the total Revolving Exposure for the purpose of determining Available Commitments pursuant to Section 2.12(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.