Available Borrowing Capacity means, with respect to any Person, on any date of determination, the total unrestricted borrowing capacity which may be drawn (taking into account required reserves and discounts) upon by such Person or its Subsidiaries, at such Person’s or its Subsidiaries’ sole discretion, under committed credit facilities or repurchase agreements which provide financing to such Person or its Subsidiaries.
Available Borrowing Capacity means, as of any day, the aggregate committed borrowing capacity which, as of such date of determination, is undrawn and is then available to be drawn by Regional Management under the Senior Revolver.
Available Borrowing Capacity means committed borrowing capacity which may be drawn (taking into account required reserves and discounts) upon or has been drawn upon by PHH Corporation or any of its Subsidiaries under committed Mortgage Warehouse Facilities.
Examples of Available Borrowing Capacity in a sentence
Fail to maintain aggregate Available Borrowing Capacity of at least $1,000,000,000 at all times (excluding uncommitted warehouse capacity provided by Government-Sponsored Enterprises), provided that no more than $500,000,000 of such capacity is in respect of facilities that are exclusively gestation facilities.
The frequency and nature of such tests shall be determined by the Bank’s risk assessment.
FIC, on a consolidated basis, shall at all times have unencumbered cash, Cash Equivalents and Available Borrowing Capacity on unencumbered assets that could be drawn against (taking into account required haircuts) under committed warehouse and repurchase facilities in an amount equal to not less than $20,000,000.
HB Corp., on a consolidated basis, shall at all times have (a) unencumbered cash and Cash Equivalents and (b) Available Borrowing Capacity on unencumbered assets (taking into account required haircuts) under committed warehouse and repurchase facilities equal to not less than $35,000,000.
Credit FacilitiesCredit facilities consisted of the following: Available Borrowing Capacity at Borrowings Outstanding at Borrowings Outstanding at(Amounts in Millions, in U.S Dollar Equivalents)March 31, 2023 March 31, 2023 June 30, 2022Primary credit facility (1)$ 20.6 (1) The Company maintains a U.S. primary credit facility (the “primary credit facility”) among the Company, the lenders party thereto, and JPMorgan Chase Bank, N.
More Definitions of Available Borrowing Capacity
Available Borrowing Capacity means the excess of the product of Cash Equivalents plus the mortgage loans and other assets eligible for financing under one or more of the Financing Facilities minus margin requirements on purchased assets under any Financing Facility (“Other Purchased Assets”). For avoidance of doubt, Available Borrowing Capacity plus Other Purchased Assets shall not exceed the value of a Financing Facility.
Available Borrowing Capacity means available and unused borrowing capacity which may be drawn upon by the Sellers on a next Business Day basis. Borrowing capacity shall not be deemed part of the Available Borrowing Capacity if any event or circumstance has occurred which would prevent the Sellers from drawing on the borrowing capacity or cause the related lender to have no obligation to make funds available.
Available Borrowing Capacity means, with respect to any Person, on any date of determination, the total unrestricted, immediately available borrowing capacity which may be drawn (not including required reserves, fees and discounts) upon by such Person without condition (except for customary notice conditions) (and to the extent not otherwise pledged to any other Person) under any unsecured term or revolving credit facilities of such Person (but only to the extent that no default or event of default exists thereunder) which are made available by financial institutions whose short term unsecured debt is rated at least “A-1” by S&P and “P-1” by Xxxxx’x, and has an equivalent or higher rating by each other nationally recognized statistical rating organization that provides a short-term unsecured debt rating to such financial institution, and whose long term unsecured debt is rated at least “A+” by S&P and “A1” by Xxxxx’x and has an equivalent or higher rating by each other nationally recognized statistical rating organization that provides a long-term unsecured debt rating to such financial institution.
Available Borrowing Capacity. On any date of determination, the total unrestricted borrowing capacity which may be drawn (taking into account required reserves and discounts) upon by the Sponsor and its Subsidiaries under any credit facilities (including repurchase agreements, note on note facilities, or otherwise), but with respect to any such credit facility, solely to the extent that such available borrowing capacity is committed by the related lender.
Available Borrowing Capacity means, with respect to any Person, on any date of determination, the total unrestricted, immediately available borrowing capacity which may be drawn (not including required reserves, fees and discounts) upon by such Person without condition (except for customary notice conditions) (and to the extent not otherwise pledged to any other Person) under any unsecured term or revolving credit facilities of such Person (but only to the extent that no default or event of default exists thereunder) which are made available by financial institutions whose short term unsecured debt is rated at least “A-1” by Standard & Poor’s Ratings Service and “P-1” by Xxxxx’x Investors Service, Inc., and has an equivalent or higher rating by each other nationally recognized statistical rating organization that provides a short-term unsecured debt rating to such financial institution, and whose long term unsecured debt is rated at least “A+” by Standard & Poor’s Ratings Service and “A1” by Xxxxx’x Investors Service, Inc. and has an equivalent or higher rating by each other nationally recognized statistical rating organization that provides a long-term unsecured debt rating to such financial institution.
Available Borrowing Capacity. With respect to any Person, committed, available and unused borrowing capacity which may be drawn upon by such Person on credit facilities (including a subscription line). Borrowing capacity shall not be deemed part of the Available Borrowing Capacity if any event or circumstance has occurred which would prevent such Person from drawing on the borrowing capacity or cause the related lender to have no obligation to make funds available.
Available Borrowing Capacity means (a) when the outstanding principal amount under the Term Loan (not taking into account any portion of the Term Loan that was drawn as a Delayed Draw Term Loan) plus the Reindeer Debt is greater than $500,000,000, $0, (b) the outstanding principal amount under the Term Loan (not taking into account any portion of the Term Loan that was drawn as a Delayed Draw Term Loan) plus the Reindeer Debt is less than or equal to $500,000,000 but equal to or greater than $450,000,000, $50,000,000 and (c) when the outstanding principal amount under the Term Loan (not taking into account any portion of the Term Loan that was drawn as a Delayed Draw Term Loan) plus the Reindeer Debt is less than $450,000,000, the sum of (i) $50,000,000 plus (ii) the positive difference between $450,000,000 and the outstanding principal amount under the Term Loan (not taking into account any portion of the Term Loan that was drawn as a Delayed Draw Term Loan) plus the Reindeer Debt.