Available RC Commitment definition

Available RC Commitment as to any Lender at any time, an amount equal to the excess, if any, of (a) the amount of such Lender's Revolving Credit Commitment at such time over (b) the Aggregate Outstanding RC Extensions of Credit by such Lender at such time.
Available RC Commitment means, as of any date, the difference obtained by subtracting (a) minus (b) where (a) is the amount of the RC Commitment on such date and (b) is the aggregate outstanding principal amount of all Loans plus amounts available to be drawn under Letters of Credit on such date.
Available RC Commitment the meaning specified in Subsection 2.1.2 (Available RC Commitment).

Examples of Available RC Commitment in a sentence

  • Until Borrower achieves Completion of the Improvements, each Borrower request for an RC Loan (whether such RC Loan is intended for the payment of the Work or otherwise) shall include an updated budget for the Work and a certificate executed by an officer of the Borrower certifying that the remaining Available RC Commitment is sufficient to achieve Completion of the Improvements, and Borrower shall deliver reasonable evidence in support of such certificate.

  • For receipt, possession, inspection, storage, and use of incore monitoringg detectors at the Commonwealth Edison Company, Byron Nuclear Generating Station, q Unit 2 in accordance with the statements, representations, and conditions specified ; in the licensee's application dated March 23, 1979.

  • Available RC Commitment: the meaning specified in Section 2.2.2. Borrower: the meaning specified in the introductory paragraph hereof.

  • During a short period of time, construction activity can contribute more sediment to streams than would be deposited naturally over several decades, causing physical and biological harm to surface waters.


More Definitions of Available RC Commitment

Available RC Commitment means at any time an amount equal to the lesser of (i) and (ii) where:
Available RC Commitment as to any Revolving Credit Lender at any time, an amount equal to (a) the amount of such Revolving Credit Lender's Revolving Credit Commitment at such time minus (b) the sum of (i) the Aggregate Outstanding RC Extensions of Credit of such Revolving Credit Lender at such time and (ii) prior to the Refinancing Closing Date, such Revolving Credit Lender's Pro Rata Share of the Restricted Amount.
Available RC Commitment means an amount equal to the RC Commitment, as the same is reduced by:
Available RC Commitment means the initial RC Commitment, as the same is reduced or increased (as provided in clause (e) below) by:
Available RC Commitment means an amount equal to $4.000.000 less the aggregate principal amount of any outstanding Loans. 2.2.3
Available RC Commitment an amount equal to the amount of the ----------------------- Available Commitment reduced at any time that this Agreement provides for Swing Loans by Four Million Dollars.
Available RC Commitment means, as of any date, the difference obtained by subtracting (a) minus (b) where (a) is the amount of the RC Commitment on such date and (b) is the aggregate outstanding principal amount of all RC Loans plus Contingent Reimbursement Obligations on such date plus the aggregate outstanding amount of all unreimbursed Drawings on such date.