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.

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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.

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.

Examples of Available Credit in a sentence

• Any such credit reduction notice with respect to the Total Commitment Amount shall specify the Tranche(s) to which the reduction applies and shall be accompanied by a Cost to Complete Certificate referencing, amongst other things, the amount of Available Credit after giving effect to the aforementioned reduction.

• With respect to the Initial Tranches Scheduled Repayment due and payable on December 31, 2025, the Borrower may, to the extent there is, on such date, Available Credit under the Initial Tranches and subject always to the terms and conditions hereof, drawdown under the Credit Facility to make, in whole or in part, such Initial Tranches Scheduled Repayment.

• Any such Prepayment Notice with respect to any voluntary prepayment of the Credit Facility prior to the Completion Date shall be accompanied by a Cost to Complete Certificate referencing, amongst other things, the amount of Available Credit after giving effect to such voluntary prepayment.

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 your Credit Limit less your Balance and the aggregate amount of any authorized Transactions.

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

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, the amount by which (a) the total of the Revolving Loan Commitments is greater than (b) the total of the outstanding principal amount of the Revolving Loans and the Swing Loans.

Available Credit. That part of your Credit Limit that is available at any particular time for additional Advances. You may not make or attempt to make Advances that would exceed your Available Credit. We disclose your Available Credit to you on your monthly billing Statement, but that amount may not reflect any Advances that you have asked for but that have not yet posted to your Account.