Revolving Loan Availability definition

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

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Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.

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.

Examples of Revolving Loan Availability in a sentence

• Any Letter of Credit that shall have an expiration date after the end of the Revolving Loan Availability Period shall be subject to Cover or backed by a standby letter of credit in form and substance, and issued by a Person, acceptable to Agent in its sole discretion.

• In the event the aggregate outstanding principal balance of all Revolving Loans hereunder exceed the Revolving Loan Availability, Borrower shall, upon notice or demand from Lender, immediately make such repayments of the Revolving Loans or take such other actions as shall be necessary to eliminate such excess.

• In the event the aggregate outstanding principal balance of all Revolving Loans hereunder exceed the Revolving Loan Availability, Borrowers shall, upon notice or demand from Lender, immediately make such repayments of the Revolving Loans or take such other actions as shall be necessary to eliminate such excess.

• In the event the aggregate outstanding principal balance of all Revolving Loans hereunder exceeds the Revolving Loan Availability, Borrower shall, upon notice or demand from Lender, immediately make such repayments of the Revolving Loans or take such other actions as shall be necessary to eliminate such excess.

• 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 Bank as shall be necessary to eliminate such excess.

More Definitions of Revolving Loan Availability

Revolving Loan Availability means, as at any time, an amount, in Dollars, equal to:

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 means, at any time, an amount equal to the Revolving Loan Commitment minus the Letter of Credit Obligations.

Revolving Loan Availability means at any time the then applicable Revolving Loan Commitment.

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 Total Revolving Loan Commitments less the Letter of Credit Outstandings, and (b) the Borrowing Base Amount less the Letter of Credit Outstandings.

Revolving Loan Availability has the meaning set forth in the Affiliated Credit Agreement.