Undrawn Amount means, with respect to any Letter of Credit, at any time, the maximum amount available to be drawn under such Letter of Credit at such time and “Undrawn Amounts” means, at any time, the sum of all Undrawn Amounts at such time.

Undrawn Amount for any Liquidity Bank or Institutional Lender as of any date of determination, means the positive difference, if any, between (i) the Total Commitment of such Person, and (ii) the Drawn Amount of such Person.

Undrawn Amount means, for each day during the term hereof, an amount equal to (a) the Aggregate Revolving Commitments existing as of the end of such day, less (b) the aggregate Outstanding Revolving Amount of Revolving Loans and L/C Obligations (but specifically excluding Swing Line Loans (other than to the extent the risk participation in a Swing Line Loan has been funded in cash by a Lender)) as of the end of such day.

Examples of Undrawn Amount in a sentence

The Maximum Undrawn Amount of all outstanding Letters of Credit shall not exceed in the aggregate at any time the Letter of Credit Sublimit.
The Maximum Undrawn Amount of outstanding Letters of Credit shall not exceed in the aggregate at any time the Letter of Credit Sublimit.
The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula Amount.
The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
To the extent the entire Undrawn Amount is fully funded pursuant to Section 2.2 of the Revolving Liquidity Note Agreement, the Undrawn Amount shall be reduced to zero and shall no longer be subject to draws.

More Definitions of Undrawn Amount

Undrawn Amount means, on any date of determination during the Revolving Commitment Period, the difference between the Maximum Committed Amount and the outstanding principal amount of the Loans as of such date of determination.

Undrawn Amount means an amount, determined as at the Final Completion Date, equal to the Maximum Facility Amount less the aggregate of the Loans outstanding as at the Final Completion Date following the advance of the Delivery Loan.

Undrawn Amount means on any date and with respect to a particular Letter of Credit, the total amount then available to be drawn under such Letter of Credit in Dollars.

Undrawn Amount means, at any time, the excess, if any, of the aggregate Commitments over the Total Drawn Amount at such time.

Undrawn Amount means the Loan Limit (after deducting the aggregate of Rabobank’s contingent liability under any Bank Guarantee or Trade Facility) minus the Debit Balance; Undrawn Loan Fee – means the fee specified in clause C(1); and Variable Rate – means Rabobank’s variable debit interest rate, which Rabobank may at any time at its sole discretion vary, either by way of increase or decrease, conforming with general movements in Rabobank’s interest rates.

Undrawn Amount means at any time the Revolving Commitment minus the sum of the aggregate principal amount of each Revolving Loan made by Lender and outstanding at such time, but in no event, less than zero

Undrawn Amount means, with respect to any Note and any Noteholder on any date of determination, the difference between its Principal Amount and its Drawn Amount .