Common use of Computations of Outstandings Clause in Contracts

Computations of Outstandings. Whenever reference is made in this Agreement to the principal amount outstanding on any date under this Agreement, such reference shall refer to the sum of (i) the Available Amount on such date, (ii) the aggregate principal amount of all Advances outstanding on such date and (iii) the aggregate amount of all demand loans under Section 3.01 hereunder on such date, in each case after giving effect to all transactions to be made on such date and the application of the proceeds thereof.

Computations of Outstandings. Whenever reference is made in this Agreement to the principal amount outstanding on any date under this Agreement, such reference shall refer to the sum of (i) the Available Amount aggregate principal amount of all Loans outstanding on such date, date plus (ii) the aggregate principal amount LC Outstandings of all Advances Letters of Credit outstanding on such date and (iii) the aggregate amount of all demand loans under Section 3.01 hereunder on such date, in each case after giving effect to all transactions Extensions of Credit to be made on such date and date. At no time shall the application principal amount outstanding under this Agreement exceed the aggregate amount of the proceeds thereofCommitments.

Computations of Outstandings. (a) Whenever reference is made in this Agreement to the principal amount outstanding on any date under this Agreement, such reference shall refer to the sum of (i) the Available Amount aggregate principal amount of all Loans outstanding on such date, date plus (ii) the aggregate principal amount of all Advances outstanding on such date and (iii) the aggregate amount of all demand loans under Section 3.01 hereunder LC Outstandings on such date, in case of each case (i) and (ii), after giving effect to all transactions Extensions of Credit and prepayments to be made on such date and the application of the proceeds thereofdate.