Unused Availability means, at any time of determination, an amount equal to (a) the lesser of (i) the Aggregate Commitment and (ii) the Borrowing Base, minus (b) the Facility Usage.
Unused Availability means, at any time, (a) the lesser of (x) the Revolving Credit Commitment and (y) the Borrowing Base minus (b) the sum of all then outstanding Revolving Credit Loans.
Unused Availability means, at any time, the Borrowing Base minus the Aggregate Revolver Outstandings.
Examples of Unused Availability in a sentence
For purposes of this section, (a) any non-cash gains or losses resulting from the requirements of IFRS 9 shall be excluded from current assets and from current liabilities, (b) the Unused Availability shall be included as a current asset to the extent that such unused portion can be borrowed by Borrower without causing a Default after giving effect thereto, and (c) current maturities of the Obligations shall be excluded from current liabilities.
The aggregate amount of all Loans (other than Loans made pursuant to Section 2.12) in any Borrowing must be greater than or equal to $100,000 or any higher integral multiple of $100,000 or must equal the remaining Unused Availability.
More Definitions of Unused Availability
Unused Availability means, as of any date, the amount (if any) by which the Maximum Revolving Loan Amount exceeds the Revolving Loan.
Unused Availability means, at any time, an amount equal to the excess, if any, of (a) the aggregate amount of the Commitments of all Lenders at such time over (b) the sum of the aggregate Revolving Credit Exposures of all Lenders at such time.
Unused Availability means at any time, an amount equal to the Available Commitment in effect at that time, minus the Utilized Credit.
Unused Availability means an amount equal to the difference between the Borrowing Base and (a) outstanding Loans plus (b) outstanding Letter of Credit Liabilities.
Unused Availability means (to the extent that the Borrower is permitted to borrow such amounts under the terms of this Agreement including, without limitation, Section 6.02 hereof) at any time, an amount equal to (a) the Aggregate Elected Commitment Amounts minus (b) the Aggregate Revolving Credit Exposure (calculated, with respect to any Defaulting Lender, as if such Defaulting Lender had funded its Applicable Percentage of all outstanding Borrowings).
Unused Availability has the meaning provided in the First Lien Credit Agreement.
Unused Availability means, at any time of determination, the excess of (x) the lesser of the Borrowing Base or the Line of Credit over (y) the sum of the unpaid principal amount of the Loans outstanding, Pending Borrowings and the Letter of Credit Obligations.