Available Credit definition

Available Credit means, at any time, (a) the then effective Revolving Credit Commitments minus (b) the aggregate Revolving Credit Outstandings at such time.

Available Credit means the amount of credit that is available to you at any time on the Account. It is the positive difference between the Credit Limit and the Balance that is owed on the Account. Balance means the total amount of all Transactions, fees, interest and other amounts charged to the Account under this Agreement, less any payments or other credits posted to your Account.

Available Credit at any time, (1) the Maximum Advance Amount less (2) the Outstanding Advances at such time.

Examples of Available Credit in a sentence

• Definition of Commercially Available Credit Bureau Score: For the purposes of the FR Y-14Q, a credit score is a numerical value or a categorization derived from a statistical tool or modeling system that characterizes the credit risk of a borrower used by a person who makes or arranges a loan to predict the likelihood of credit default.

• Some merchants may pre-authorize the amount or estimated amount of a Purchase and that will reduce the Available Credit.

• A credit Balance on the Account will not increase your Available Credit or Credit Limit.

• Your Available Credit may not be up to date at all times, including if a payment or other Transaction has not yet been processed or posted to the Account.

• The Available Credit Limit (i.e. the Credit Limit available for use) at the time of the statement generation is provided as a part of the statement.

More Definitions of Available Credit

Available Credit means, at any time, an amount equal to the then effective Revolving Credit Commitments of the Lenders less the sum of (x) the aggregate of the outstanding principal amount of the Revolving Credit Loans at such time and (y) the Letter of Credit Outstandings.

Available Credit means, as of any date of determination, the lesser of (a) the Commitment of all Lenders and (b) the Borrowing Base as most recently reported by Borrowers on or prior to such date of determination.

Available Credit means, at any particular time, the amount, if any, by which the amount of the Credit Facility at such time exceeds the amount of credit outstanding under the Credit Facility at such time.

Available Credit means, at any particular time, the amount, if any, by which the Credit Limit at such time exceeds the amount of credit outstanding under the Credit Facility at such time.

Available Credit means, at any time, an amount equal to (a) the lesser of (i) the aggregate Credit Commitments in effect at such time and (ii) the Budgeted Amount at such time minus (b) the aggregate Revolving Credit Outstandings at such time.

Available Credit means your Credit Limit less your Balance and the aggregate amount of any authorized Transactions.

Available Credit means the amount available for you to spend through your Account. Available Credit does not create a positive balance on your Account.