Outstanding Credit definition

Outstanding Credit means, on any date, the sum of (a) the aggregate outstanding Letter of Credit Exposure on such date including the Letter of Credit Exposure attributable to Letters of Credit to be issued on such date, plus (b) the aggregate outstanding principal balance of the Revolving Loan on such date, including the amount of any Borrowing to be made on such date.

Outstanding Credit means, at any particular time, the sum of (a) the outstanding principal amount of the Loans, plus (b) the Letter of Credit Liabilities.

Outstanding Credit means, at any time of determination, the aggregate amount of Advances then outstanding.

Examples of Outstanding Credit in a sentence

• Buyer may, at any time and from time to time, replace any or all of the Credit Support provided by it (the “Outstanding Credit Support”) with one or more alternative forms of Credit Support, whereupon the Guaranteed Party shall cooperate in obtaining the concurrent release and termination of the Outstanding Credit Support.

• If any Lender, whether in connection with setoff or amounts which might be subject to setoff or otherwise, receives collateral or other protection for its Obligations or such amounts which may be subject to setoff, such Lender agrees, promptly upon demand, to take such action necessary such that all Lenders share in the benefits of such collateral ratably in proportion to their respective Pro Rata Share of the Aggregate Outstanding Credit Exposure.

• Introduction of Proposed Zoning OrdinancesCouncil Members′ Comments Executive Session – Job Applicants’ Qualifications, Personnel, and Land Acquisition pursuant to 29 Del.

• The Borrower may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders in integral multiples of $10,000,000, upon at least five (5) Business Days’ written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, provided that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure.

• Outstanding Credit balance under this Suspense Head would mean that payments have been received by the PAO on behalf of other PAOs which are yet to be paid.

More Definitions of Outstanding Credit

Outstanding Credit means, at any time of determination, the aggregate amount of Advances then outstanding under this Fifth Supplement and the Revolving Line of Credit Note.

Outstanding Credit means an amount equal to the sum of the total Revolving Exposures plus the aggregate Dollar Equivalent principal amount of outstanding Competitive Loans.

Outstanding Credit means the sum of: (i) the outstanding principal amount under the Line of Credit Note; and (ii) the aggregate face amount of all Term Notes.

Outstanding Credit means, on any date, the sum of (a) the aggregate outstanding Letter of Credit Exposure on such date including the aggregate Letter of Credit Exposure related to Letters of Credit to be issued on such date, plus (b) the aggregate outstanding principal balance of all Loans on such date, including the outstanding principal balance of all Loans to be made on such date.

Outstanding Credit means, at any time of determination, the sum of the aggregate amount of Advances pursuant to the Revolving Line of Credit then outstanding.

Outstanding Credit means, at the date of determination, the sum of the following: (a) the sum of the aggregate outstanding principal amount of Advances as of such date, plus (b) the outstanding Letter of Credit Liabilities as of such date, plus (c) all fixed and contingent liabilities outstanding as of such date in respect of the letters of credit issued pursuant to the provisions set forth in subsection 7.02(b)(xi) and, prior to the Closing Date, pursuant to the provisions set forth in subsection 7.02(b)(xi) of the First Amended Credit Agreement, Subsection 7.02(b)(xi) of the Second Amended Credit Agreement and Subsection 7.02(b)(xi) of the Third Amended Credit Agreement,, and prior to February 8, 1994, pursuant to the provisions of subsection 7.02(b)(ix) of the Original Credit Agreement.

Outstanding Credit means, at any time of determination, the aggregate amount of Advances then outstanding on a Loan.