Lender Availability definition

Lender Availability means, as of any date of determination and with respect to each Lender, the amount determined by deducting (x) the amount of such Lender's Pro Rata Share of the Total Outstanding Amount from (y) the amount of such Lender's Pro Rata Share of the Maximum Available Amount.
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Lender Availability. On any day, an amount equal to $300,000,000. VFCC Lender Group: VFCC, FCMC (as Managing Agent for the VFCC Lender Group), First Union and each of the Liquidity Lenders identified as a member of the VFCC Lender Group on the signature pages hereto or on the signature page of an Assignment and Acceptance. VFCC Managing Agent: FCMC.
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Lender Availability means, as of any date of determination and with ------------------- respect to each Lender, the amount determined by deducting (a) the amount of such Lender's Pro Rata Share of the Total Outstanding Amount from (b) ---- the amount of such Lender's Pro Rata Share of the Revolving Loan Commitment.
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Examples of Lender Availability in a sentence

  • Subject to and upon the terms and conditions set forth herein, and as set forth in the Note, Lender agrees during the period commencing on the date hereof and continuing until notice by Lender ("Availability Period") to make from time to time an advance or advances (each of which is herein called an "Advance") to Borrower in an aggregate principal amount not to exceed at any one time outstanding the amount of ______________ Dollars and Zero Cents ($_______).

  • Each Loan made by the members of a Lender Group hereunder shall be evidenced by a promissory note of the Borrower, substantially in the form of Exhibit M, with appropriate insertions as to date and principal amount (a "Lender Note"), payable to the order of the Managing Agent for such Lender Group and in a principal amount equal to the Maximum Lender Availability for the related Lender Group.

Related to Lender Availability

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Revolving Availability means, at the time of determination, (a) the sum of all Revolving Commitments at such time less (b) the sum of (i) the principal amount of Revolving Loans and Swing Loans made and outstanding at such time and (ii) the LC Outstandings at such time.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.