Available Amount. The face amount of the requested Letter of Credit may not exceed the lesser of (a) the amount determined by subtracting the aggregate Individual Outstanding 5-Year Obligations of all Syndication Parties from the 5-Year Commitment, or (b) the amount determined by subtracting the undrawn face amount of all Letters of Credit and Closing Date Letters of Credit then outstanding (including any Letter of Credit requested but not yet issued unless the Letter of Credit Bank has declined to issue the Letter of Credit) from the LC Commitment.
Available Amount. Permit the aggregate principal amount of all outstanding Advances at any time to exceed the lesser of (i) the Commitment, and (ii) the Maximum Availability Amount at such time.
Available Amount. The face amount of the requested Negotiated Letter of Credit may not exceed the lesser of (a) the amount determined by subtracting the aggregate Individual Outstanding 5-Year Obligations of all Syndication Parties from the 5-Year Commitment, (b) an amount which would exceed the Issuing Syndication Party’s Individual 5-Year Lending Capacity, or (c) the amount determined by subtracting the undrawn face amount of all Letters of Credit and Existing Letters of Credit then outstanding (including any Committed Letter of Credit requested but not yet issued unless the Letter of Credit Bank has declined to issue the Letter of Credit) from the LC Commitment. Prior to the issuance of a Negotiated Letter of Credit, the Issuing Syndication Party shall confirm with the Administrative Agent that the issuance of such Negotiated Letter of Credit will not result in the limitations set forth in this Subsection being exceeded.
Available Amount an amount, not less than zero in the aggregate, equal to 50% of Consolidated Net Income of the Company and its Restricted Subsidiaries for the period (taken as one accounting period) from April 1, 2017 to the end of the Fiscal Period: $_________ + on the date of receipt by the Company after the Closing Date of Net Cash Proceeds from any sale or issuance of common stock or Qualified Preferred Stock of the Company or any contribution to the common equity capital of the Company, the amount of such Net Cash Proceeds to the extent such Net Cash Proceeds do not increase the Available JV Basket Amount: $_________ + the Net Cash Proceeds received by the Borrowers and their respective Restricted Subsidiaries of Dispositions of Investments made using the Available Amount to the extent such Net Cash Proceeds are not required to prepay the Loans pursuant to Section 2.05(b) of the Credit Agreement in an amount not to exceed the amount of the original Investment: $_________ + returns received in cash or Cash Equivalents by the Borrowers and their respective Restricted Subsidiaries on Investments made using the Available Amount (including Investments in Unrestricted Subsidiaries) in an amount not to exceed the amount of the original Investment: $_________ + any Declined Amounts: $_________ 0 the amount of any Investment made (or deemed made) pursuant to Section 7.05(p) of the Credit Agreement: $_________ 0 the amount of any Dividend made in reliance on Section 7.06(e) of the Credit Agreement: $_________ = Available Amount: $_________ This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, restated, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. For an agreed consideration, the sufficiency and receipt of which is hereby acknowledged, the Assignor hereby irrevocably sells and assigns to the Assignee, and the ...
Available Amount. 1 1.5 BASE RATE MARGIN .................................... 1
Available Amount. Funds to support the program annually shall not exceed 10 percent of the amount appropriated annually for the His- toric Preservation Fund.
Available Amount. In connection with any use by the Borrower of the Available Amount pursuant to Section 6.04(a)(iii)(A), Section 6.04(b)(vi)(A) or Section 6.06(r)(i), the Borrower shall provide to the Administrative Agent reasonably detailed calculations of the Available Amount then in effect.
Available Amount. In the case of a proposed Secured Advance, the aggregate outstanding principal amount of Secured Advances (after giving effect to the proposed Secured Advance) shall not be greater than the lesser of (x) the Secured Revolving Commitment, or (y) Available Amount.
Available Amount. It is understood and agreed that the Issuing Bank shall not have any obligation to pay any draft presented by the Agent under the Debt Service Letter of Credit if the amount of such draft shall exceed the Available Amount (as defined below) as of the date of payment of such draft. "Available Amount" shall mean, as of any date, the amount by which the Required Stated Amount exceeds the aggregate outstanding principal amount of all Debt Service Letter of Credit Loans as of such date.
Available Amount. Permit the aggregate principal amount of all outstanding Advances at any time to exceed the Borrowing Base Loan Amount.
