Maximum Available Amount definition

Maximum Available Amount means, at any time, the least of:

Maximum Available Amount means, on any date of determination, an amount equal to the lesser of:

Maximum Available Amount means, in your case, the difference between:

Examples of Maximum Available Amount in a sentence

• If at any time the Aggregate Outstanding Amount exceeds the Maximum Available Amount, the Borrower shall immediately pay the Bank an amount equal to such excess.

• Lenders may, however, in their absolute discretion make such Revolving Loan Advances, but shall not be deemed by doing so to have increased the Maximum Available Amount and shall not be obligated to make any such Revolving Loan Advances thereafter.

• No Revolving Loan Advance will be made which would result in the Aggregate Revolving Loan exceeding the Maximum Available Amount and no Revolving Loan Advance will be made on or after the Revolving Loan Maturity Date.

• No Lender shall make any Advance or portion thereof if it would cause the aggregate outstanding principal amount of the Advances to exceed the Maximum Available Amount as then in effect.

• The Commitment and the Maximum Available Amount shall be subject to reduction as provided in Section 2.1(a).

More Definitions of Maximum Available Amount

Maximum Available Amount means, at any time, the lesser of:

Maximum Available Amount means at any time and from time to time, the Aggregate Commitment at such time.

Maximum Available Amount means, at any date, an amount equal to the lesser of (a) the aggregate Revolving Credit Commitments as of such date, and (b) the Borrowing Base as of such date.

Maximum Available Amount means, subject to adjustment pursuant to Section 6.4(c), US$200,000,000.

Maximum Available Amount means, on any date of determination, without duplication, an amount equal to the least of:

Maximum Available Amount means, as of any date of determination, the amount that may be drawn under the Letters of Credit (whether or not the beneficiary thereof shall have presented, or shall be entitled at such time to present, the drafts or other documents required to draw under the Letters of Credit).

Maximum Available Amount means, with respect to any Letter of Credit at any time, the maximum amount the beneficiary of such Letter of Credit may draw thereunder at such time, as such amount may be reduced from time to time pursuant to the terms of such Letter of Credit.