Available Amount Transaction Clause Samples
An Available Amount Transaction clause defines the maximum sum that can be drawn, transferred, or otherwise utilized under a financial agreement at any given time. In practice, this clause sets a cap on the funds accessible to a borrower or party, often referencing a revolving credit facility or a similar arrangement, and may adjust based on repayments or other conditions. Its core function is to control financial exposure and manage risk by ensuring that withdrawals or transactions do not exceed a predetermined limit.
Available Amount Transaction. If more than one action occurs on any given date the permissibility of the taking of which is determined hereunder by reference to the amount specified in clause (3) of Section 7.05(a) immediately prior to the taking of such action, the permissibility of the taking of each such action shall be determined independently and in no event may any two or more such actions be treated as occurring simultaneously, i.e., each transaction must be permitted under clause (3) of Section 7.05(a) as so calculated.
Available Amount Transaction. If more than one action occurs on any given date the permissibility of the taking of which is determined hereunder by reference to the amount of the Available Amount immediately prior to the taking of such action, the permissibility of the taking of each such action shall be determined independently and in no event may any two or more such actions be treated as occurring simultaneously, i.e., each transaction must be permitted under the Available Amount as so calculated.
Available Amount Transaction. 113112 Section 1.09 Guaranties of Hedging Obligations 113112 Section 1.10 Currency Generally 113112 Section 1.11 Interest Rates 114113 ARTICLE II THE COMMITMENTS AND BORROWINGS Section 2.01 The Loans 114113 Section 2.02 Borrowings, Conversions and Continuations of Loans 114113 Section 2.03 [Reserved] 117116 Section