Total Available Commitments definition
Total Available Commitments means, at any time, an amount equal to the excess, if any, of (a) the Total Commitments then in effect, over (b) the Total Extensions of Credit then outstanding.
Total Available Commitments means the aggregate of the Available Commitments of all the Lenders);
Total Available Commitments means, at any time of determination, the lesser of (a) the aggregate amount of the Commitments at such time, or (b) the then Borrowing Base Availability.
Examples of Total Available Commitments in a sentence
Each borrowing under the Commitments shall be in an amount equal to $25 million (or, if the Total Available Commitments at such time are less than $25 million, such lesser amount) or a whole multiple of $5 million in excess thereof.
More Definitions of Total Available Commitments
Total Available Commitments means, at any time, the aggregate Commitments of all Banks minus the aggregate Commitments of all Defaulting Banks at such time.
Total Available Commitments at any time, the aggregate amount of the Available Commitments of the Lenders at such time.
Total Available Commitments at any time, the aggregate amount of the Available Commitments then in effect.
Total Available Commitments means the aggregate for the time being of each Lender's Available Commitment.
Total Available Commitments at any time, the then Total Available Tranche A Commitments and the then Total Available Tranche B Commitments.
Total Available Commitments means the aggregate of all the Available Commitments at any time;
Total Available Commitments means, at any time, in respect of a Facility or, as the case may be, ▇▇▇▇▇▇▇ ▇▇, the aggregate of the Commitments under that Facility or Tranche S1 which may be utilised (and which have not been utilised).