Available Facility Amount definition

Available Facility Amount shall have the meaning specified in paragraph 2B(1).

Available Facility Amount is defined in Section 2.2(a).

Available Facility Amount means $220,000,000, subject to the Optional Available Facility Amount Decrease; provided however that at no time may the Outstanding Aggregate Loan Amount exceed:

Examples of Available Facility Amount in a sentence

• The Facility may be in the nature of a revolving credit and the Available Facility Amount may change during the Availability Period on account of prepayments/repayment.

• In this Agreement, (a) the singular includes the plural (and vice versa) and (b) reference to a gender shall include references to the female, male and neutral genders.DISBURSEMENTThe Borrower may at any time during the Availability Period, request disbursement of any amount to the extent of the Available Facility Amount.

• The Borrower may at any time during the Availability Period, request disbursement of any amount to the extent of the Available Facility Amount.

• On 12 March 2021, the Company entered into the 2021 Note Purchase Agreement, pursuant to which the Company issued the 2021 Series A Loan Notes and authorised the issue of Additional 2021 Loan Notes from time to time after the date of the 2021 Note Purchase Agreement up to the Available Facility Amount (as defined in the 2021 Note Purchase Agreement).

• The Available Facility Amount shall be increased from time to time by the principal amount of any 2015 Prudential Notes or other outstanding Series of Notes which is repaid or prepaid prior to the expiration of the Issuance Period.

More Definitions of Available Facility Amount

Available Facility Amount has the meaning assigned to it in the Pricing Side Letter.

Available Facility Amount means at any point of time the undrawn amount of the Facility, including any amount of the Facility which becomes available pursuant to any repayment or prepayment of all or part of any previous Drawdown.

Available Facility Amount means, for any day, (a) the lesser of (i) the aggregate amount of the Commitments and (ii) the Borrowing Base, in each case as in effect at the end of such day, less (b) the aggregate amount of the Credit Exposures as at the end of such day.

Available Facility Amount means, at any point in time, (a) the aggregate principal amount of Notes stated in Section 1.1, minus (b) the aggregate principal amount of Notes purchased and sold pursuant to this Agreement prior to that time, minus (c) the aggregate principal amount of Accepted Notes that have not been purchased and sold hereunder prior to that time and for which the closing has not been cancelled, plus (d) the aggregate principal amount of Notes purchased, sold, and repaid or prepaid pursuant to this Agreement prior to that time.

Available Facility Amount at any time shall mean (i) $300,000,000, minus (ii) the aggregate principal amount of all Notes outstanding at such time, minus (iii) the aggregate principal amount of Accepted Notes (as hereinafter defined) which have not yet been purchased and sold hereunder and for which closing has not been cancelled prior to such time. NOTWITHSTANDING THE WILLINGNESS OF PRUDENTIAL TO CONSIDER PURCHASES OF SHELF NOTES, THIS AGREEMENT IS ENTERED INTO ON THE EXPRESS UNDERSTANDING THAT NEITHER PRUDENTIAL NOR ANY PRUDENTIAL AFFILIATE SHALL BE OBLIGATED TO MAKE OR ACCEPT OFFERS TO PURCHASE SHELF NOTES, OR TO QUOTE RATES, SPREADS OR OTHER TERMS WITH RESPECT TO SPECIFIC PURCHASES OF SHELF NOTES, AND THE FACILITY SHALL IN NO WAY BE CONSTRUED AS A COMMITMENT BY PRUDENTIAL OR ANY PRUDENTIAL AFFILIATE.

Available Facility Amount is defined in paragraph 2B(1).

Available Facility Amount means, at any time and in respect of any Facility, the aggregate of the Available Commitments of all the Banks in respect of such Facility at such time;