Available Credit definition

Available Credit means, at any time, (a) the then effective Revolving Credit Commitments minus (b) the aggregate Revolving Credit Outstandings at such time.

Available Credit means, at any particular time, the amount, if any, by which the amount of the Credit Facility at such time exceeds the amount of credit outstanding under the Credit Facility at such time.

Available Credit means the amount of credit that is available to you at any time on the Account. It is the positive difference between the Credit Limit and the Balance that is owed on the Account. Balance means the total amount of all Transactions, fees, interest and other amounts charged to the Account under this Agreement, less any payments or other credits posted to your Account.

Examples of Available Credit in a sentence

• In addition, any amounts paid to the Trustee as administrator of the Credit Enhancement on any Distribution Date with respect to the Total Available Credit Enhancement Amount or the Available Class B Credit Enhancement Amount pursuant to the terms of the Series Supplement also shall be deposited into the Credit Enhancement Account upon receipt of such funds by the Trustee.

• Some merchants may pre-authorize the amount or estimated amount of a Purchase and that will reduce the Available Credit.

• Definition of Commercially Available Credit Bureau Score: For the purposes of the FR Y-14Q, a credit score is a numerical value or a categorization derived from a statistical tool or modeling system that characterizes the credit risk of a borrower used by a person who makes or arranges a loan to predict the likelihood of credit default.

• Total Available Credit Enhancement Amounts Class B Balance Class B Balance on Prior on Current Distribution Distribution Date Date (a) Maximum Amount $39,473,700.00 $39,473,700.00 (b) Available Amount $39,473,700.00 $39,473,700.00 (c) Amount of unreimbursed Drawings on Credit Enhancement $0.00 (d) Credit Enhancement Fee payable to Discover Receivables Financing Corp.

• Total Available Credit Enhancement Amounts Class B Balance Class B Balance on Prior on Current Distribution Distribution Date Date (a) Maximum Amount $59,210,550.00 $59,210,550.00 (b) Available Amount $59,210,550.00 $59,210,550.00 (c) Amount of unreimbursed Drawings on Credit Enhancement $0.00 (d) Credit Enhancement Fee payable to Discover Receivables Financing Corp.

More Definitions of Available Credit

Available Credit at any time, (1) the Maximum Advance Amount less (2) the Outstanding Advances at such time.

Available Credit means, at any time, an amount equal to the then effective Revolving Credit Commitments of the Lenders less the sum of (x) the aggregate of the outstanding principal amount of the Revolving Credit Loans at such time and (y) the Letter of Credit Outstandings.

Available Credit means, as of any date of determination, the lesser of (a) the Commitment of all Lenders and (b) the Borrowing Base as most recently reported by Borrowers on or prior to such date of determination.

Available Credit means, at any time, an amount equal to (a) the aggregate then effective Revolving Commitments minus (b) the aggregate Revolving Outstandings at such time.

Available Credit means, at any time, the result of (a) the lesser of (i) the then effective Revolving Commitments and (ii) the Borrowing Base at such time minus (b) the sum of (i) the aggregate Revolving Outstandings at such time and (ii) without duplication, any Availability Reserve in effect at such time.

Available Credit means, as of any day, $400,000,000 less the aggregate amount of Loans then outstanding.

Available Credit means, at any time, the amount by which (a) the Total Commitment is greater than (b) the aggregate of (i) the aggregate outstanding principal amount of the Loans at such time, and (ii) the Letter of Credit Exposure at such time.