Credit Availability definition

Credit Availability means, at any particular time, the amount by which the Maximum Credit Amount at such time exceeds the Loans outstanding at such time.

Credit Availability means, at the relevant time of reference, the dollar amount equal to the lesser of (a) the Borrowing Base and (b) the Commitment, less, in each case, the sum of the aggregate outstanding principal amount of all Revolving Advances.

Credit Availability means the unutilised amount at any time of the Credit Limit with respect to any Buyer.

Examples of Credit Availability in a sentence

• TRITAN will not make cash refunds to Client as a result of Service Credit Availability will be measured and reported by TRITAN upon request from the Client.

• The Small Business Credit Availability Act, which was signed into law in March 2018, modifies this section of the 1940 Act and decreases this percentage from 200% to 150% (subject to either stockholder approval or approval of both a majority of the board of directors and a majority of directors who are not interested persons).

• Credit Availability: Each certified teacher will have the opportunity to be reimbursed by the district for 3 college credits per fiscal year.

• If Permittee fails to make payment within a timely manner, Xxxxxxx will deliver to the Corps a notice stating that this Agreement has terminated and the Letter of FCU Credit Availability has expired.

• TETONKA, LLP: By Its CITY OF HARRISBURG, SOUTH DAKOTA: By Its EXHIBIT A LETTER OF FCU CREDIT AVAILABILITY Letter of FCU Credit Availability To the U.S. Army Corps of Engineers, Omaha District (the “Corps”): The City of Harrisburg, SD (“Permittee”) has applied for a Section 404 file number NWO PIE (the “Permit Application”).

More Definitions of Credit Availability

Credit Availability means, as of any time the same is to be determined, the amount (if any) by which (a) the lesser of (1) the Available Amount as then determined and computed in accordance with this Agreement, and (2) the Commitments as then in effect, exceeds (b) the aggregate principal amount of Loans and L/C Obligations then outstanding.

Credit Availability. LIBOR", "Loans" and "Maturity Date" are deleted in their entirety and replaced with the following:

Credit Availability means, at the relevant time of reference, the dollar or dollar equivalent amount equal to (i) in the case of the Revolving Loan, the lesser of (a) the Borrowing Base (after giving effect to the calculation of the BV Borrowing Base and (b) the Commitment, less, in each case, the sum of the aggregate outstanding principal amount of all Revolving Advances plus the Available Amount plus any unpaid Reimbursement Obligations; and (ii) in the case of the BV Loan, the lesser of (x) the BV Borrowing Base and (y) the Commitment less, in each case, the sum of the aggregate outstanding principal amount of BV Advances.

Credit Availability means the amount of open, unsecured credit that Roche is willing to extend to Chronimed at any one time in purchasing Fuzeon pursuant to this Agreement.

Credit Availability means the unutilised amount at any time of the Credit Limit with respect to any Buyer. “Credit Limit” means the limit for a Buyer set by IBM GF under this Agreement.

Credit Availability shall have the meaning given such term in Section 2.02(a).

Credit Availability means the positive difference, if any, between (i) $25,000,000 and (ii) the sum of the aggregate principal amounts outstanding in respect of the Credit Commitment plus the outstanding Letter of Credit Obligations.