Available Loan Amount definition

Available Loan Amount means, on any Business Day, an amount equal to the lesser of (a) (i) the then current Available Facility Amount minus (ii) the Outstanding Aggregate Loan Amount, and (b) the Borrowing Base (giving effect to all Collateral to be pledged hereunder on such Business Day).
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Available Loan Amount means at any time with respect to all Borrowers collectively, the lesser of (a) the Maximum Commitment and (b) the sum of (i) the Borrowing Base of Initial Borrower and (ii) the Borrowing Base of each other Borrower minus (iii) the FX Reserve Amount at such time.
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Available Loan Amount means, at any time, the lesser of: (a) the Maximum Commitment, and (b) the Borrowing Base.
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Examples of Available Loan Amount in a sentence

  • The amount of any Loan requested pursuant to a Borrower Funding Request shall be not greater than the related Available Loan Amount and, with respect to the Initial Borrower Funding request, shall not be less than $10 million.

  • Within the limits of each Lender’s Commitment and the Available Loan Amount, and subject to the other terms and conditions hereof, Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01.

  • Each Borrowing pursuant to this Section 2.01 shall be funded ratably by each Lender in accordance with its Applicable Percentage of the aggregate Available Loan Amount.

  • In such event, the applicable Borrower Party will be deemed to have requested a Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.03 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Available Loan Amount and the conditions set forth in Section 6.02 and, if applicable, Section 6.03 (other than the delivery of a Loan Notice).

  • However, the total reduced loan amount cannot exceed the Maximum Available Loan Amount.


More Definitions of Available Loan Amount

Available Loan Amount means, as of any date of determination, the lesser of (a) the Aggregate Commitments, and (b) the Borrowing Base.
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Available Loan Amount means, at any time, the lesser of: (a) the Maximum Commitment; or (b) ninety percent (90%) of the Unfunded Commitments of the Included Investors.
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Available Loan Amount means (a) the Borrowing Base Amount less (b) the Total Unsecured Indebtedness of the Consolidated Group (excluding the Obligations).
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Available Loan Amount means, on any Business Day, an amount equal to the lesser of
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Available Loan Amount means the Maximum Loan Amount minus the aggregate Principal Obligations for all Loans.
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Available Loan Amount or any of the related defined terms (except that the definition of “Maximum Commitment” may be revised to increase or decrease such amount pursuant to its terms, or otherwise with the consent of the Lenders increasing or decreasing their Commitments in connection therewith);
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Available Loan Amount means, at any time, the amount, if any, by which (a) the Unencumbered Pool Value at such time divided by 2.0, exceeds (b) all Unsecured Liabilities (excluding the Loans) of Borrower and its Consolidated Subsidiaries.
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