Available Loan Commitments definition
Examples of Available Loan Commitments in a sentence
Each borrowing pursuant to the Loan Commitments shall be in an aggregate principal amount equal to (a) the lesser of, in the case of Alternate Base Rate Loans, (i) $10,000,000 or a whole multiple of $1,000,000 in excess thereof, and (ii) the Available Loan Commitments and (b) in the case of Eurodollar Loans, $10,000,000 or a whole multiple of $1,000,000 in excess thereof.
The Administrative Agent and the Co-Collateral Agent shall have received a Borrowing Base Certificate in the form contemplated by Subsection 7.2(f), or such other form as may be reasonably acceptable to the Administrative Agent and the Co-Collateral Agent, setting forth, after giving effect to the Borrowings hereunder on the Closing Date, the Available Loan Commitments.
After giving effect to any borrowing on the Closing Date, the amount of Available Loan Commitments (determined for this purpose only without giving effect to any L/C Obligation), together with any remaining cash on hand from the issuance of the Senior Secured Notes immediately after giving effect to the Transactions, shall equal or exceed $175,000,000.
The Administrative Agent and the Co-Collateral Agent shall have received a Borrowing Base Certificate setting forth, after giving effect to the Borrowings hereunder on the Closing Date, the Available Loan Commitments equal to an amount not less than $400,000,000.
Based upon the Budget, (i) the Available Loan Commitments and the Available Lessor Commitments will be sufficient to complete the Improvement or Improvements for which the Requisition relates and (ii) the Budget is In Balance.
The Available Loan Commitments and the Available Investor Commitment will be sufficient to finance the purchase of the Property and fund the other amounts to which the Requisition relates.
Based on the Budget, the Available Loan Commitments and the Available Lessor Commitments will be sufficient to finance the purchase of the Land with the Improvements thereon and the construction of the Improvements and to pay the other Project Costs.
The proceeds of Revolving Credit Loans and Swing Line Loans shall be used by the Borrowers to finance the working capital and business requirements of, and for general corporate purposes of, the Parent Borrower and its Subsidiaries; provided that after giving effect to the Borrowings hereunder on the Closing Date, the Available Loan Commitments shall not be less than $500,000,000.
The Administrative Agent shall have received a Borrowing Base Certificate in the form contemplated by Section 7.2(f), or such other form as may be reasonably acceptable to the Administrative Agent, setting forth, after giving effect to the Borrowings hereunder on the Closing Date, the Available Loan Commitments.
The Borrower agrees to pay to the Lenders the unused-commitment fee to be shared pro rata among the Lenders with respect to the Loan Commitments for the period from and including the Closing Date to but excluding the Loan Commitment Expiration Date, based on the daily aggregate Available Loan Commitments from time to time in effect and computed at the Commitment Fee Rate.