Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding 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.
Revolving Credit Availability means, at any time, the amount equal to the Revolving Credit Commitment minus the Revolving Credit Exposure.
Examples of Revolving Credit Availability in a sentence
Except as provided in Section 2.2(c) and Section 2.3(b), each Borrowing of or conversion to a Base Rate Borrowing shall be in a principal amount of $250,000 or a whole multiple of $50,000 in excess thereof; provided that a Base Rate Borrowing may be in an amount equal to the Revolving Credit Availability.
In such event, Borrower shall be deemed to have requested a Borrowing to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, subject to the amount of the Revolving Credit Availability and the applicable conditions set forth in Section 5.2 (other than the delivery of a Borrowing Request).
More Definitions of Revolving Credit Availability
Revolving Credit Availability means, as of any time the same is to be determined, the amount (if any) by which (a) the lesser of (1) the Available Amount as then determined and computed in accordance with this Agreement, and (2) the Revolving Credit Commitments as then in effect, exceeds (b) the aggregate principal amount of Loans and L/C Obligations then outstanding.
Revolving Credit Availability means, at any particular time, the amount by which the Maximum Revolving Credit Amount exceeds the Revolving Credit Obligations outstanding at such time.
Revolving Credit Availability means, as of any date, (a) the lesser of (i) the Total Revolving Credit Commitment or (ii) the Borrowing Base then in effect, each minus (b) the aggregate principal amount of all outstanding Revolving Loans and the Total Standby L/C Exposure.
Revolving Credit Availability means, as of any date, the difference between (a) an amount equal to the aggregate amount of the Commitments of the Revolving Credit Lenders on such date less (b) the total Revolving Credit Exposure of the Revolving Credit Lenders on such date.
Revolving Credit Availability means the Borrowing Base minus the outstanding principal amount of Revolving Loans and Swing Loans and L/C Obligations.
Revolving Credit Availability means sum of the Revolving Committed Amount less the Revolving Credit Obligations.
Revolving Credit Availability means, at any particular time, the amount by which the Commitment at such time exceeds the Revolving Credit Obligations at such time.