Available Revolving Credit Commitments definition

Available Revolving Credit Commitments at any time, the aggregate amount of the Available Dollar Revolving Credit Commitments, the Available German Revolving Credit Commitments, and the Available Multicurrency Revolving Credit Commitments, at such time.

Available Revolving Credit Commitments as to all the Banks, at a particular time, an amount equal to the excess, if any, of (a) the Revolving Credit Commitments at such time less (b) the Aggregate Extensions of Credit.

Available Revolving Credit Commitments at any time, an amount equal to the excess, if any, of (a) the Revolving Credit Commitments over (b) the Aggregate Outstanding Revolving Extensions of Credit.

Examples of Available Revolving Credit Commitments in a sentence

• Each Revolving Credit Borrowing shall be in an aggregate Dollar Amount not less than $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of Revolving Credit Advances of the same Type and the same Agreed Currency made on the same day to the same Borrower by the Banks ratably according to their respective Available Revolving Credit Commitments.

• In the case of each proposed Revolving Credit Borrowing, the Agent shall promptly notify each Bank of such Bank’s ratable share of such Revolving Credit Borrowing based upon the Available Revolving Credit Commitments of the Banks, and in the case of a proposed Revolving Credit Borrowing comprised of Eurocurrency Rate Advances, the Agent shall promptly notify each Bank of the applicable interest rate under Section 2.07(b).

• Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (x) in the case of Base Rate Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $1,000,000 or a whole multiple of $1,000,000 in excess thereof.

• Each borrowing of Revolving Credit Loans under the Revolving Credit Commitments shall be in an amount equal to (x) in the case of Base Rate Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof.

• Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (x) in the case of Base Rate Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $2,500,000 or a whole multiple of $500,000 in excess thereof.

More Definitions of Available Revolving Credit Commitments

Available Revolving Credit Commitments means Revolving Credit Commitments as then in effect.

Available Revolving Credit Commitments on any date of determination thereof, the excess, if any, of the Revolving Credit Commitments over the Aggregate Revolving Credit Extensions of Credit on such date.

Available Revolving Credit Commitments means, at any time, (i) the aggregate Revolving Credit Commitments effective at such time minus (ii) the aggregate outstanding potential liability of the Borrower under any Foreign Overdraft Guaranty at such time.

Available Revolving Credit Commitments means, at any time, an amount equal to the difference between the Revolving Credit Commitment then in effect, based on the Revolving Credit Loan Cap, and the aggregate principal amount of Revolving Credit Loans outstanding at such time.

Available Revolving Credit Commitments means the aggregate principal amount of Revolving Loans, Swing Loans and L/C Obligations at any given time that are permitted to be outstanding hereunder. Initially, the Available Revolving Credit Commitments are $40,000,000, subject to increase pursuant to Section 2.4 hereof and voluntary reduction pursuant to Section 1.14 hereof.

Available Revolving Credit Commitments the collective reference to the Available U.S. Revolving Credit Commitments and the Available Canadian Revolving Credit Commitments.

Available Revolving Credit Commitments the collective reference to the Available Additional US$ Revolving Credit Commitments, the Available C$ Revolving Credit Commitments and the Available US$ Revolving Credit Commitments.