Common use of Determination of Availability Clause in Contracts

Determination of Availability. At or before thirty minutes after the time for delivery of a Notice of Advance pursuant to Section 2.2(a) the Administrative Agent will make a determination of the Dollar Equivalent Value of the outstanding Loans for purposes of calculating whether the making of the requested Loan would cause the aggregate outstanding amount of the Loans, including the requested Loan, to exceed the Aggregate Committed Sum.

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (Electronic Data Systems Corp /De/), Three Year Multi Currency Revolving Credit Agreement (Electronic Data Systems Corp /De/), Multi Currency Revolving Credit Agreement (Electronic Data Systems Corp /De/)

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Determination of Availability. At or before thirty (30) minutes after the time for delivery of a Notice of Advance pursuant to Section 2.2(a) the or a Request for Bids pursuant to Section 2.3(a), Administrative Agent will make a determination of the Dollar Equivalent Value of the outstanding Loans and Bid Rate Loans for purposes of calculating whether the making of the requested Loan or Bid Rate Loan would cause the aggregate outstanding amount of the Loans and the Bid Rate Loans, including the requested Loan or Bid Rate Loan, to exceed the Aggregate Committed Sum.

Appears in 1 contract

Samples: Multi Currency Revolving Credit Agreement (Electronic Data Systems Corp /De/)

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