Unused Revolving Credit Availability definition

Unused Revolving Credit Availability means, on any date of determination, the amount equal to the lesser of (i) the Revolving Credit Aggregate Commitment or (ii) the then applicable Borrowing Base, minus (x) the aggregate outstanding principal amount of all Advances (including Swing Line Advances) and (y) the Letter of Credit Obligations.

Unused Revolving Credit Availability means, on any date of determination, the amount equal to the positive difference (if any) between (a) the Revolving Credit Aggregate Commitment minus (b) the Aggregate Credit Exposure.

Unused Revolving Credit Availability means, on any date of determination, the amount equal to the Revolving Credit Aggregate Commitment, minus (x) the aggregate outstanding principal amount of all Advances (including Swing Line Advances) and (y) the Letter of Credit Obligations. “U.S. Borrower” is any Borrower that is a U.S. Person.

Examples of Unused Revolving Credit Availability in a sentence

• The Commitment Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage times such Lender’s Revolving Credit Percentage of the average daily amount of the Unused Revolving Credit Availability.

• Not permit at any time the aggregate balance of Borrower’s aggregate Cash maintained with any financial institution, whether foreign or domestic (provided that Cash maintained at any financial institutions in the United States other than Agent shall be covered by an executed account control agreement satisfactory to Agent), plus the then applicable Unused Revolving Credit Availability to be less than Sixty Million Dollars ($60,000,000).

• If any amounts remain thereafter, and at the time of such prepayment Unused Revolving Credit Availability is $0, a portion of such prepayment equivalent to the undrawn amount of any outstanding Letters of Credit shall be held by Lender as cash collateral for the Reimbursement Obligations, with any additional prepayment monies being applied to any Fees, costs or expenses due and outstanding under this Agreement, and with the remainder of such prepayment thereafter being returned to Borrower.

More Definitions of Unused Revolving Credit Availability

Unused Revolving Credit Availability means as of any date of determination, the lesser of the then applicable Revolving Credit Aggregate Commitment and the Borrowing Base minus the sum of (i) the aggregate principal amount of all Advances of the Revolving Credit and of the Swing Line then outstanding hereunder (or the Dollar Amount of any such Advances outstanding in euros) plus (ii) the aggregate Dollar Amount of Letter of Credit Obligations outstanding as of the date of the requested Advance, in each case determined pursuant to the terms hereof as of the date of the requested Advance or the issuance of the requested Letter of Credit, as the case may be.

Unused Revolving Credit Availability means, as of any date, the amount by which the Revolving Credit Facility exceeds the sum of the aggregate principal amount of all Revolving Credit Advances plus Swing Line Advances plus Letter of Credit Advances plus the aggregate Available Amount of all Letters of Credit, in each case outstanding at such time.

Unused Revolving Credit Availability means, at any time, the difference between (i) the aggregate Revolving Credit Exposure at such time and (ii) the aggregate Revolving Credit Committed Amounts of the Lenders at such time.

Unused Revolving Credit Availability means, on any date of determination, the amount equal to the lesser of (i) the Revolving Credit Aggregate Commitment or (ii) the then applicable Borrowing Base, minus (x) the Detroit_3013288_18 aggregate outstanding principal amount of all Advances (including Swing Line Advances) and (y) the Letter of Credit Obligations.

Unused Revolving Credit Availability means, on any date of determination, the amount equal to the lesser of (i) the Revolving Credit Aggregate Commitment, or (ii) the then applicable Borrowing Base, 4883-0369-8472_14883-0369-8472_6 CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENTS, MARKED BY [***], HAS BEEN OMITTED BECAUSE ACCOLADE, INC. HAS DETERMINED THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO ACCOLADE, INC. IF PUBLICLY DISCLOSED. ​ ​ minus (x) the aggregate outstanding principal amount of all Advances (including Swing Line Advances) and (y) the Letter of Credit Obligations. “U.S. Borrower” is any Borrower that is a U.S. Person.

Unused Revolving Credit Availability means, on any date of determination, the amount equal to the positive difference (if any) between (a) the Revolving Credit Aggregate Commitment minus (b) the Aggregate Credit Exposure. “U.S. Person” means any Person that is a “United States person” as defined in Section 7701(a)(30) of the Internal Revenue Code. “U.S. Tax Compliance Certificate” has the meaning set forth in Section 11.9(g)(ii)(C).

Unused Revolving Credit Availability means, as of any date, the amount by which the Revolving Credit Availability exceeds the sum of the aggregate principal amount of all Revolving Credit Advances PLUS Swing Line Advances PLUS Letter of Credit Advances PLUS the aggregate Available Amount of all Letters of Credit, in each case outstanding at such time.