Swing Line Availability definition

Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

Swing Line Availability means the lesser of (a) the Swing Line Commitment Amount and (b) Revolving Loan Availability (less Revolving Outstandings at such time).

Swing Line Availability means, at any time, the lesser of (a) $50,000,000, or (b) the difference between (i) the Availability at such time and (ii) the sum of the Outstanding Amount of all Loans and the Outstanding Amount of all L/C Obligations at such time.

Examples of Swing Line Availability in a sentence

• The aggregate amount of Swing Line Loans outstanding shall not exceed at any time Swing Line Availability.

• If the Swing Line Lender declines to make a Swing Line Loan or if Swing Line Availability is zero, Agent shall notify Revolving Lenders, promptly after receipt of a Notice of Revolving Credit Advance and in any event prior to 1:00 p.m. (New York time) on the date such Notice of Revolving Advance is received, by telecopy, telephone or other similar form of transmission.

• The aggregate amount of Swing Line Advances outstanding shall not exceed at any time the lesser of (A) the Swing Line Commitment and (B) the lesser of the Maximum Amount and the Borrowing Base, in each case, less the outstanding balance of the Revolving Loan at such time ("Swing Line Availability").

• The aggregate amount of Swing Line Advances outstanding shall not exceed at any time the lesser of (A) the Swing Line Commitment and (B) the lesser of the Maximum Amount and (except for Overadvances) the Borrowing Base, in each case, less the outstanding balance of the Revolving Loan at such time ("Swing Line Availability").

• If the Swing Line Lender declines to make a Swing Line Loan or if Swing Line Availability is zero, Agent shall notify Revolving Lenders, promptly after receipt of a Notice of Revolving Advance and in any event prior to 1:00 p.m. (New York time) on the date such Notice of Revolving Advance is received, by telecopy, telephone or other similar form of transmission.

More Definitions of Swing Line Availability

Swing Line Availability means, as of any date of determination, the lesser of (a) the Swing Line Commitment Amount on such date and (b) Excess Availability on such date.

Swing Line Availability has the meaning assigned to it in SECTION 1.1(c)(i).

Swing Line Availability means, as of any date of determination, the least of (a) the Swing Line Commitment, (b) the Maximum Amount minus the aggregate Revolving Loan then outstanding and (c) an amount equal to (i) the Domestic Borrowing Base as of such date minus (ii) the aggregate outstanding principal balance of the Revolving Credit Advances made to the Domestic Borrowers as of such date minus (iii) the Dollar Equivalent of the aggregate Letter of Credit Obligations incurred on behalf of the Domestic Borrowers as of such date.

Swing Line Availability has the meaning assigned to it in Section ----------------------- ------- 1.1(b)(i). ---------

Swing Line Availability means, as of any date of determination, an amount equal to the lesser of (i) Funding Availability as of the end of the immediately preceding day and (ii) the difference between (A) the Swing Line Commitment as of such date and (B) the Outstanding Principal Amount of the Swing Line Loan as of the end of the immediately preceding day.

Swing Line Availability is defined in Section 2.1(b)(i) hereof.

Swing Line Availability means, as of any date of determination, the lesser of (i) the Swing Line Commitment Amount and (ii) the Revolving Loan Availability.