Commitment Availability definition

Commitment Availability means at any time the positive difference (if any) between (a) an amount equal to the aggregate amount of the Commitments at such time minus (b) the Aggregate Capital at such time.

Commitment Availability means, on any date, the excess of

Commitment Availability means, as of any date of determination during the Revolving Commitment Period, the lesser of (i) an amount equal to the Borrowing Base minus the aggregate principal balance of all Loans outstanding and (ii) the Undrawn Amount.

Examples of Commitment Availability in a sentence

• Subject to the terms and conditions set forth herein, at the request of any Subsidiary Account Party at any time and from time to time during the Commitment Availability Period, the LC Issuer agrees to issue Letters of Credit denominated in Dollars for the account of such Subsidiary Account Party, that will not result in the aggregate outstanding amount of the LC Exposure of the LC Issuer exceeding the aggregate amount of the Commitment of the LC Issuer.

• The applicable Funding Date shall not occur outside of the Loan Commitment Availability Period.

• Within the foregoing limits, the Account Parties may borrow under this Section, repay or, to the extent permitted by Section 2.12, prepay Loans and reborrow at any time during the Commitment Availability Period under this Section.

• During the Loan Commitment Availability Period, the Borrower may by written notice to Lender request one additional increase in the Loan Commitment (such increase, the “Additional Loan Commitment”), in an aggregate amount not to exceed $1,500,000; provided that Lender is not required to commit to any such increase.

• Within the foregoing limits, the Company may borrow under this Section 2.04, repay or, to the extent permitted by Section 2.12, prepay Loans and reborrow at any time during the Commitment Availability Period under this Section 2.04.

More Definitions of Commitment Availability

Commitment Availability mean, as to each Purchaser Group, at any time the positive difference (if any) between (a) the aggregate amount of the Commitments at such time of the members of such Purchaser Group, minus (b) such Purchaser Group’s Capital outstanding at such time.

Commitment Availability means at any time the positive difference (if any) between (a) an amount equal to the aggregate amount of the Commitments at such time MINUS (b) the Aggregate Capital at such time.

Commitment Availability means, as of any date of determination during the Revolving Period, the lesser of (a) an amount equal to (i) the Borrowing Base minus (ii) the aggregate principal amount of all Loans outstanding and (b) the Undrawn Amount.

Commitment Availability means at any time the positive difference (if any) between (a) $125,000,000 minus (b) the aggregate Capital at such time.

Commitment Availability means, as to each Purchaser, at any time the positive difference (if any) between (a) its Commitment at such time, minus (b) such Purchaser’s Capital outstanding at such time.

Commitment Availability means, for each Group, the excess (if any) of (i) the aggregate amount of the Commitments of the Committed Purchasers in such Group divided by 1.02, over (ii) the outstanding aggregate Capital of all Purchasers in such Group.

Commitment Availability means, as of any date, the lesser of (i) the Aggregate Commitment hereunder and (ii) the amount by which $150,000,000 exceeds the then-current "Borrowing Base Availability" under the Secured Revolver (as such term is defined in the Secured Credit Agreement).