Revolving Loan Availability definition
Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.
Revolving Loan Availability means, at any time, an amount equal to the lesser of (a) the Revolving Loan Commitment minus the Letter of Credit Obligations, or (b) the Borrowing Base Amount minus the Letter of Credit Obligations.
Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.
Examples of Revolving Loan Availability in a sentence
In the event the aggregate outstanding principal balance of all Revolving Loans and Letter of Credit Obligations hereunder exceeds the Revolving Loan Availability, the Borrower shall, without notice or demand of any kind, immediately make such repayments of the Revolving Loans or take such other actions as are satisfactory to the Lender as shall be necessary to eliminate such excess, all without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower.
More Definitions of Revolving Loan Availability
Revolving Loan Availability means the lesser of (i) the Revolving Commitment and (ii) the Borrowing Base. Revolving Outstandings means, at any time, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans, plus (b) the Stated Amount of all Letters of Credit.
Revolving Loan Availability means, as at any time, an amount, in Dollars, equal to:
Revolving Loan Availability means at any time the then applicable Revolving Loan Commitment.
Revolving Loan Availability means at any time, the Revolving Loan Commitment less the Letter of Credit Obligations.
Revolving Loan Availability means, at any time, the remainder of (a) the Total Revolving Loan Commitment at such time minus (b) the sum of the Effective Amount of all Revolving Loans and Swing Line Loans and the Effective Amount of all L/C Obligations outstanding at such time.
Revolving Loan Availability has the meaning set forth in the Affiliated Credit Agreement.
Revolving Loan Availability means an amount equal to (a) the Revolving Borrowing Limit, minus (b) the Revolving Credit Exposure.