Available Commitment definition

Available Commitment means a Lender’s Commitment minus:

Available Commitment means a Lender's Commitment minus:

Available Commitment as to any Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Commitment then in effect over (b) such Lender’s Extensions of Credit then outstanding.

Examples of Available Commitment in a sentence

• The amount of each Lender's participation in the relevant Loan will be equal to the proportion borne by its Available Commitment to the Available Facility immediately prior to making the Loan.

• The sum of the aggregate principal amount of Revolving Loans at any time outstanding shall not exceed the Available Commitment in effect at such time.

• Within the limits of this Section 2.3, the Authority may borrow, repay pursuant to Sections 3.4 and 3.5 hereof and reborrow under this Section 2.3. Upon any prepayment of the related Revolving Loan, the related Available Commitment shall be reinstated as set forth in the definition thereof.

• Any cancellation pursuant to Clause 7.3 (Mandatory Prepayment: Disposals, Debt or Equity Issue Proceeds) or Clause 7.5 (Voluntary cancellation) shall be applied pro rata to each Lender's Available Commitment.

• If any Lender becomes a Defaulting Lender, the Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent five Business Days' notice of cancellation of each Available Commitment of that Lender.

More Definitions of Available Commitment

Available Commitment means, in relation to a Facility, a Lender's Commitment under that Facility minus:

Available Commitment means an amount equal to the excess, if any, of (i) the amount of the Total Revolving Credit Commitment over (ii) the sum of the aggregate principal amount of (a) all Revolving Credit Loans (but not Swingline Loans) then outstanding and (b) the aggregate Letters of Credit Outstanding at such time.

Available Commitment means, in relation to a Facility, a Lender’s Commitment under that Facility minus:

Available Commitment as to any Lender at any time, an amount equal to the excess, if any, of (a) the amount of such Lender’s Commitment less (b) the aggregate principal amount of all Loans to the Borrower made by such Lender then outstanding; collectively, as to all the Lenders, the “Available Commitments.”

Available Commitment as of any day means, with respect to the VRDP Shares, the sum of the aggregate Liquidation Preference of the VRDP Shares then Outstanding plus all accumulated but unpaid dividends, whether or not earned or declared on such VRDP Shares.

Available Commitment means, for each Lender, the excess of such Lender’s Commitment over such Lender’s Percentage of the Outstanding Credits. “Available Commitments” shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

Available Commitment means an amount equal to the excess, if any, of (a) the amount of the Total Revolving Credit Commitment over (b) the sum of (i) the aggregate principal amount of all Revolving Credit Loans (but not Swingline Loans) then outstanding and (ii) the aggregate Letters of Credit Outstanding at such time.