US Borrowing Availability definition

US Borrowing Availability means, as of any date of determination, the lesser of (i) the US Maximum Amount and (ii) the US Borrowing Base, in each case, less the sum of the US Revolving Loans and the US Swing Line Loans then outstanding.
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US Borrowing Availability means, as of any date of determination, the remainder of (i) the lesser of (x) the US Maximum Amount at such time and (y) the US Borrowing Base at such time minus (ii) the Aggregate US Exposure at such time.
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US Borrowing Availability means as of any date of determination the lesser of (i) the Maximum Amount, less the Dollar Equivalent of the Canadian Revolving Loan then outstanding or (ii) the U.S. Borrowing Base, plus, if applicable, the Maximum In-Season Overadvance, in each case, less the U.S. Revolving Loan then outstanding (including, without duplication, the outstanding balance of Letter of Credit Obligations, the Swing Line Loan and the In-Season Overadvance Amount).
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Examples of US Borrowing Availability in a sentence

  • U.S. Revolving Credit Advances may be repaid and reborrowed from time to time until the Commitment Termination Date; provided, that the amount of any U.S. Revolving Credit Advance to be made at any time shall not exceed U.S. Borrowing 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) U.S. Borrowing Availability (“Swing Line Availability”).

  • Until the Commitment Termination Date, LLTC may from time to time borrow, repay and reborrow under this Section 1.1(c); provided, that the US Dollar amount of any US Revolving Credit Advance to be made at any time shall not exceed the US Borrowing Availability at such time.

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

  • If US Borrowing Availability is less than zero after repayment in full of the aggregate outstanding US Revolving Credit Advances, US Borrowers shall provide cash collateral for the US Letter of Credit Obligations in the manner set forth in Annex B to the extent required to cause US Borrowing Availability to be at least zero.

  • Until the Commitment Termination Date, Borrowers may borrow, repay and reborrow under this Section 1.1(a); provided, that (i) the amount of any Revolving Credit Advance to be made at any time to a U.S. Borrower shall not exceed U.S. Borrowing Availability at such time and (ii) the Dollar Equivalent of the amount of any Revolving Credit Advance to be made at any time to a U.K. Borrower shall not exceed U.K. Borrowing Availability at such time.

  • US Company shall, no later than 60 days after the end of each fiscal year of US Company, deliver to Administrative Agent Projections of US Company and each of its Subsidiaries for the forthcoming fiscal year, month by month (including, but not limited to, projected balance sheets, income statements, statements of cash flows and Total Borrowing Availability, US Borrowing Availability, UK Borrowing Availability, Canadian Borrowing Availability and calculations of projected covenant compliance.

  • U.S. Borrowing Availability or U.K. Borrowing Availability, or both, may be reduced by Reserves imposed by Agent in its sole reasonable credit judgment.

  • Until the Commitment Termination Date, U.S. Borrower may borrow, repay and reborrow under this Section 1.1 (a) (i) ; provided , that the amount of any U.S. Revolving Credit Advance to be made at any time shall not exceed U.S. Borrowing Availability at such time.

  • For purposes of computing interest and Fees and determining US Borrowing Availability and Canadian Borrowing Availability as of any date, all payments shall be deemed received on the Business Day on which immediately available funds therefor are received in the applicable Collection Account prior to 2:00 p.m. New York time.


More Definitions of US Borrowing Availability

US Borrowing Availability means at any time the lesser of (a) the U.S. Borrowing Base at such time; and (b) the aggregate amount of the Lenders’ Revolving Commitments at such time, in each case, less the aggregate U.S. Revolving Exposure of all Lenders at such time.
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US Borrowing Availability means, as of any date of determination, the lesser of (a) an amount equal to (i) the Maximum Amount minus (ii) the aggregate Revolving Loan then outstanding minus (iii) the aggregate Swing Line Loan then outstanding and (b) an amount equal to (i) the U.S. Borrowing Base as of such date minus (ii) the aggregate outstanding principal balance of the Revolving Credit Advances and Swing Line Advances made to U.S. Borrowers as of such date minus (iii) the Dollar Equivalent of the aggregate Letter of Credit Obligations incurred for the benefit of the U.S. Borrowers as of such date.
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US Borrowing Availability means as of any date of determination the lesser of (i) the Maximum Amount less the outstanding principal balance of the Schaublin Revolving Loan and (ii) the U.S. Borrowing Base, in each case, less the sum of the U.S. Revolving Loan and Swing Line Loan at that date outstanding, and, in addition, if the U.S. Borrowing Base is equal to or greater than $47,000,000, less the principal balance of the Schaublin Revolving Loan at that date outstanding; provided, that an Overadvance in accordance with Section 1.1(a)(iii) may cause the U.S. Revolving Loan and Swing Line Loan to exceed the U.S. Borrowing Base by the amount of such permitted Overadvance.
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US Borrowing Availability means, with respect to any date of determination, the Borrowing Availability as calculated solely in respect of the US Borrower(as such term is defined in the Credit Agreement) and the US Borrowing Base.
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US Borrowing Availability means as of any date of determination as to the U.S. Borrower, the lesser of (i) the U.S. Maximum Amount and (ii) the U.S. Borrowing Base, in each case, less the sum of the aggregate U.S. Revolving Loan and Swing Line Loan then outstanding, provided , that an U.S. Overadvance in accordance with Section 1.1 (a) (iii) may cause the U.S. Revolving Loan and the Swing Line Loan to exceed the U.S. Borrowing Base by the amount of such permitted U.S. Overadvance.
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Related to US Borrowing Availability

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

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

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Canadian Availability means, at any time, an amount equal to (a) the lesser of (i) the aggregate Canadian Revolving Commitments at such time and (ii) the Canadian Borrowing Base at such time, minus (b) Commitment Reserves established with respect to the Canadian Loan Parties and/or the Canadian Collateral at such time minus (c) the Aggregate Canadian Credit Exposure at such time.

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

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

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Availability Block means $15,000,000.

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.