Available Total Loan Commitment definition
Available Total Loan Commitment has the meaning specified in Section 2.01(b).
Examples of Available Total Loan Commitment in a sentence
The amount of each Letter of Credit issued and outstanding shall effect a reduction, by an equal amount, of the Available Total Loan Commitment as provided in Section 2.01(b) (such reduction to be allocated to each Bank’s Loan Commitment ratably in accordance with the Banks’ respective Pro Rata Shares).
Each borrowing of Ratable Loans shall be an aggregate principal amount of at least One Million Dollars ($1,000,000) and in an integral multiple of One Hundred Thousand Dollars ($100,000) (or if less, the amount of the Available Total Loan Commitment).