Available Revolving Commitments definition

Available Revolving Commitments means, as of any date, the aggregate amount of Commitments then in effect minus the aggregate amount of Revolving Credit Exposure then outstanding.

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Available Revolving Commitments at any time, an amount equal to (a) the Total Revolving Commitments then in effect, minus (b) the Total Revolving Extensions of Credit then outstanding.

Available Revolving Commitments with respect to any Lender at any time, an amount equal to the excess, if any, of (a) such ▇▇▇▇▇▇’s Revolving Commitment then in effect over (b) such ▇▇▇▇▇▇’s Revolving Extensions of Credit then outstanding.

Examples of Available Revolving Commitments in a sentence

During the Revolving Commitment Period, the Borrower may use the Available Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
In addition, the amount of the Total Revolving Extensions of Credit outstanding after giving effect to any requested borrowing of Revolving Loans shall not exceed the Available Revolving Commitments then in effect.
Except as provided in Sections 3.5(b) and 2.4(b), each borrowing of or conversion to Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if the then aggregate Available Revolving Commitments are less than $500,000, such lesser amount).
Each borrowing of, conversion to or continuation of a SOFR Loan shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the then aggregate Available Revolving Commitments are less than $1,000,000, such lesser amount).

More Definitions of Available Revolving Commitments

Available Revolving Commitments at any time, an amount equal to (a) the Total Revolving Commitments in effect at such time (as decreased pursuant to Section 2.9), minus (b) the Dollar Equivalent of the aggregate issued but undrawn amount of all outstanding Letters of Credit at such time, minus (c) the Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time, minus (d) the aggregate principal balance of any Revolving Loans outstanding at such time; provided that for purposes of calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

Available Revolving Commitments means, at any time, the Revolving Commitments then in effect minus the Revolving Exposure of all Lenders at such time.

Available Revolving Commitments at any time, an amount equal to (a) the Total Revolving Commitments in effect at such time (as decreased pursuant to Section 2.10), minus (b) the aggregate undrawn amount of all outstanding Letters of Credit at such time, minus (c) the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time, minus (d) the aggregate principal balance of any Revolving Loans outstanding at such time; provided that for purposes of calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s available Revolving Commitment pursuant to Section 2.9(b), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

Available Revolving Commitments the Available Existing Revolving Commitments or the Available Restatement Revolving Commitments, as applicable.

Available Revolving Commitments as to any Revolving Bank at any time, an amount equal to the excess, if any, of (a) such Bank's Revolving Commitment then in effect over (b) the sum of (i) such Bank's Revolving Extensions of Credit then outstanding plus (ii) such Bank's Revolving Percentage of the aggregate principal amount of the CAF Advances then outstanding, calculated as if such outstanding CAF Advances were pro rata among the Revolving Banks.

Available Revolving Commitments means, as at any time, the difference between: 1. the lesser of (a) the Revolving Commitments and (b) the Revolving Borrowing Base; and 2. the Loans under the Revolving Facility (expressed in the Equivalent of Canadian Dollars if any portion thereof is outstanding in U.S. Dollars or Euros);