Available Facility definition
Available Facility means the aggregate for the time being of each Lender’s Available Commitment.
Available Facility means, in relation to a Facility, the aggregate for the time being of each Lender’s Available Commitment in respect of that Facility.
Available Facility means, in relation to a Facility, the aggregate for the time being of each Lender's Available Commitment in respect of that Facility.
Examples of Available Facility in a sentence
The Borrower may, if it gives the Agent not less than five Business Days' (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of USD 500,000) of the Available Facility.
More Definitions of Available Facility
Available Facility means the Commitment minus:
Available Facility means at any time the aggregate of the Lenders' Available Commitments.
Available Facility means, at any relevant time, such part of the Total Commitments (drawn and undrawn) which is available for borrowing under this Agreement at such time in accordance with clause 4 (Conditions of Utilisation).
Available Facility means the aggregate, from time to time, of the Available Commitment of each Senior Facility B Lender;
Available Facility means the aggregate for the time being of each Bank’s Available Commitment.
Available Facility means, at any time, the aggregate amount of the Available Commitments at such time;
Available Facility means at any time, the lesser of (i) Eight Million Dollars ($8,000,000), or (ii) 5% of the Fund’s gross market value, (iii) 33.33% of the gross market value (as determined solely by the Bank using consistently-applied valuation methods disclosed to the Borrower) of the unencumbered assets of the Fund (A) which are recorded on the Borrower’s books and records as belonging solely to the Fund and (B) which are not subject to segregation or any special purpose usage, and (C) as to which no third party has any pledge, security interest, lien or any other rights, and (D) which are held by the Bank as sole Custodian.