Applicable Outstandings definition
Applicable Outstandings means, at any time, the Total Outstandings less the amount of Cash Collateral held by the Administrative Agent at such time.
Applicable Outstandings means (a) in respect of the Revolving Facility, the Revolving Outstandings and (b) in respect of the LC Facility, the LC Facility Outstandings.
Applicable Outstandings has the meaning set forth in Clause 2.3(b).
More Definitions of Applicable Outstandings
Applicable Outstandings means, at any time, (a) with respect to the 2013 Revolving Credit Agreement, the Total Outstandings (as defined in the 2013 Revolving Credit Agreement as in effect on the Fifth Amendment Effective Date), less the amount of Cash Collateral (as defined in the 2013 Revolving Credit Agreement as in effect on the Fifth Amendment Effective Date) held by the Administrative Agent under, and as defined in, the 2013 Revolving Credit Agreement at such time, and (b) with respect to the 2015 Revolving Credit Agreement, the Total Outstandings (as defined in the 2015 Revolving Credit Agreement as in effect on the Fifth Amendment Effective Date), less the amount of Cash Collateral (as defined in the 2015 Revolving Credit Agreement as in effect on the Fifth Amendment Effective Date) held by the Administrative Agent under, and as defined in, the 2015 Revolving Credit Agreement at such time.