Reduction in Availability Sample Clauses

Reduction in Availability. Upon issuance of a Letter of Credit under the Letter of Credit subfacility provided pursuant to this Article III of this Agreement, the amount of availability under the Revolving Credit Facility shall be reduced by an equivalent amount, but no interest shall be payable by TIMET on such amount unless and until a drawing is made on such Letter of Credit.
Sample 1
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Reduction in Availability. The amount of all outstanding Letters of Credit, when added to the outstanding Advances and Swing Line Loans under Section 2.1 above, must not exceed the Tranche A Commitment.
Sample 1
Reduction in Availability. Upon issuance of a letter of credit under this Section, the amount of the total Commitments under this Agreement will be reduced in an equivalent amount, but no interest or fees (except Agent's letter of credit fees) will be payable on such amount until a drawing is made on such letter of credit.
Sample 1
Reduction in Availability. To reflect the agreement of the parties hereto that the credit limits currently contained in the Credit Agreement be reduced to reflect the issuance of the New 1998 Bond Financing Letter of Credit under the Bond Financing Reimbursement Agreement, effective as of the Effective Date: (a) The definition of "Revolving Loan Credit Limit" set forth in Paragraph 16 of the Credit Agreement is hereby amended to read in its entirety as follows:
Sample 1
Reduction in Availability. Upon issuance of a letter of credit under this subfacility, the amount of Availability will be reduced in an equivalent amount, but no interest or fees (except U.S. Bank's normal issuance and usage fees and charges and the letter of credit fees) will be payable on such amount until a drawing is made on such letter of credit.
Sample 1
Reduction in Availability. Notwithstanding the maximum principal ------------------------- amount set forth above, the maximum principal amount available under this Note shall be reduced automatically and without further notice on February 1, 2003 by the amount of Five Million Dollars ($5,000,000.
Sample 1
Reduction in Availability. Borrower acknowledges and agrees that the current Available Commitment Amount with respect to the Gardenia Project is $5,944,525. Notwithstanding anything in the Loan Agreement to the contrary, including without limitation Section 2.4(b)(ii) thereof, as a result of the reduction in the Maximum Allowed Advance with respect to the Gardenia Project, the Available Commitment Amount with respect to the Gardenia Project shall be reduced to $2,939,900 on December 31, 2008, and shall be further reduced to $0 on March 31, 2009.
Sample 1
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Reduction in Availability. The maximum availability under the NOTE shall be reduced to Six Million Three Hundred Thousand Dollars ($6,300,000.00). All references in the LOAN DOCUMENTS to Eight Million Dollars ($8,000,000.00) as signifying the maximum availability under any of the LOAN DOCUMENTS shall be reduced to Six Million Three Hundred Thousand Dollars ($6,300,000.00).
Sample 1
Reduction in Availability. The description of the “Borrowing Base Line of Credit” set forth in Section 1 of the Loan Agreement shall be and hereby is deleted and the following shall be and hereby is inserted in lieu thereof:
Sample 1

Related to Reduction in Availability

  • RDDS availability Refers to the ability of all the RDDS services for the TLD, to respond to queries from an Internet user with appropriate data from the relevant Registry System. If 51% or more of the RDDS testing probes see any of the RDDS services as unavailable during a given time, the RDDS will be considered unavailable.

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

  • FUNDING AVAILABILITY This Contract is contingent upon the continued availability of funding. If funds become unavailable through the lack of appropriations, legislative or executive budget cuts, amendment of the Appropriations Act, state agency consolidation or any other disruptions of current appropriations, DFPS will reduce or terminate this Contract.

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • Excess Availability Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from July 25, 2016 through and including August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from August 30, 2016 through and including October 17, 2016, $13,000,000, (iii) as of any date of determination during the period from October 18, 2016 through and including October 31, 2016, $17,500,000, and (iv) as of any date of determination during the period from November 1, 2016 through and including December 31, 2016, $20,000,000.

  • Funds Availability For determining the availability of your deposits, every day is a business day except Saturdays, Sundays, federal holidays and legal banking holidays in the State of Utah.

  • System Availability Although we will try to provide continuous access to the Service, we cannot and do not guarantee that the Service will be available 100% of the time and will not be liable in the event Service is unavailable. Actual service or network performance is dependent on a variety of factors outside of our control. If you notify us within twenty-four (24) hours and we confirm an outage consisting of a period of two (2) hours in any calendar month, and not due to any service, act, or omission of you, a third party, your applications, equipment or facilities, or reasons outside of our control, you shall be eligible for a service credit. A service credit shall be computed as a pro-rated charge for one day of the regular monthly fees for the Service in the next monthly statement. Intermittent service outages for periods of less than two (2) hours are not considered service outages. Outages caused by routine scheduled maintenance are also not considered an outage. You shall receive advance notice no less than forty-eight (48) hours in advance of our scheduled maintenance. Scheduled maintenance will be performed between 12:00 a.m. and 6:00 a.m. CST.

  • High Availability Registry Operator will conduct its operations using network and geographically diverse, redundant servers (including network-­‐level redundancy, end-­‐node level redundancy and the implementation of a load balancing scheme where applicable) to ensure continued operation in the case of technical failure (widespread or local), or an extraordinary occurrence or circumstance beyond the control of the Registry Operator. Registry Operator’s emergency operations department shall be available at all times to respond to extraordinary occurrences.

  • Closing Availability After giving effect to all Borrowings to be made on the Effective Date, the issuance of any Letters of Credit on the Effective Date and the payment of all fees and expenses due hereunder, and with all of the Loan Parties’ Indebtedness, liabilities, and obligations current, Availability shall not be less than $20,000,000.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

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