Available Holder Commitments definition

Available Holder Commitments means an amount equal to the excess, if any, of (a) the aggregate amount of the Holder Commitments over (b) the aggregate amount of the Holder Advances made since the Initial Closing Date after giving effect to Section 5.2(d) of the Participation Agreement (but without giving effect to any other repayments or prepayments of any Holder Advances).
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Examples of Available Holder Commitments in a sentence

  • Any such reduction of Commitments and Holder Commitments shall be in an aggregate amount equal to the lesser of (A) $1,000,000 or any integral multiple thereof or (B) the remaining Available Commitments of each Category and the remaining Available Holder Commitments, and shall reduce permanently the Commitments of each Category and the Holder Commitments then in effect.

  • It shall maintain a Fixed Charge Coverage Ratio, measured at the end of each fiscal quarter of the Borrower on a rolling four quarters basis, of greater than or equal to (a) [DELETION] commencing from and including the fiscal quarter ending June 30, 2021 through to and including the fiscal quarter ending December 31, 2021, and (b) [DELETION] thereafter.

  • Notwithstanding any provisions hereof or in any other Operative Agreement to the contrary, the Construction Agent acknowledges and agrees that the Lessor shall advance no more than the sum of the aggregate Available Commitments plus the aggregate Available Holder Commitments of the Holders in regard to the Properties.

  • Assuming such contracts for the general contractor and the architect are in form and substance reasonably satisfactory to the Agent, then the Holders and the Lenders shall make available the Available Holder Commitments and the Available Commitments, as the case may be, for additional Advances in accordance with the applicable provisions of the Operative Agreements.

  • The aggregate amount of Holder Advances at any time outstanding shall not exceed the aggregate amount of the Available Holder Commitments.

  • Prior to the Commencement Date for any Property, Lessor (at the direction of the Agent) shall make the payments referenced in the foregoing sentence (but only to the extent amounts are available therefor with respect to the Available Commitments and the Available Holder Commitments or the Lenders and Holders increase the amounts of Available Commitments and Available Holder Commitments, respectively, to fund such costs).

  • Prior to the Commencement Date for any Property, Lessor (at the direction of the Bank) shall make the payments referenced in the foregoing sentence (but only to the extent amounts are available therefor with respect to the Available Commitments and the Available Holder Commitments or the Bank increases the amount of Available Commitments and Available Holder Commitments to fund such costs).