Available Commitment Amount definition

Available Commitment Amount on any day during the Revolving Credit Period, an amount equal to the Total Commitment Amount at such time minus the total of all Competitive Bid Borrowings outstanding on such date.

Available Commitment Amount on any day, an amount equal to the Total Commitment Amount at such time minus the total of all Competitive Advances outstanding on such date.

Available Commitment Amount means, at any time, the Aggregate Commitments less the Acquisition Commitment.

Examples of Available Commitment Amount in a sentence

• Each borrowing of (i) Prime Rate Loans shall be in a minimum aggregate principal amount equal to $1,000,000 or such amount plus a whole multiple of $100,000 in excess thereof, or, if less, the Available Commitment Amount, and (ii) LIBOR Loans shall be in an aggregate principal amount equal to $5,000,000 or such amount plus a whole multiple of $100,000 in excess thereof, or, if less, the Available Commitment Amount.

• Each borrowing of (i) ABR Advances shall be in a minimum aggregate principal amount equal to $1,000,000 or such amount plus a whole multiple of $100,000 in excess thereof, or, if less, the Available Commitment Amount, and (ii) Eurodollar Advances shall be in an aggregate principal amount equal to $5,000,000 or such amount plus a whole multiple of $100,000 in excess thereof, or, if less, the Available Commitment Amount.

• Each Loan shall be in a principal amount equal to $250,000 or an integral multiple of $100,000 in excess thereof, or, if less, the Available Commitment Amount.

• Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Revolving Advances to the Borrowers from time to time on any Business Day during the period from the Closing Date until the Revolving Commitment Termination Date in an amount for each Lender not to exceed such Lender’s Available Commitment Amount.

• Subject to the terms and conditions set forth herein, each Lender agrees to make Revolving Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) the aggregate outstanding principal amount of such Xxxxxx’s Revolving Exposure exceeding such Xxxxxx’s Aggregate Available Commitment Amount or (b) the Total Utilization of Commitments exceeding the Aggregate Available Commitment Amount.

More Definitions of Available Commitment Amount

Available Commitment Amount of a Noncommitted Lender means the aggregate of the unutilized Commitments of the Committed Lenders with respect to such Noncommitted Lender.

Available Commitment Amount means, at any time, an amount equal to the Commitment at such time minus the aggregate principal amount of all Loans outstanding at such time.

Available Commitment Amount means at any date of determination with respect to the Revolving Credit Commitment, the lesser of (i) the Total Revolving Credit Commitment or (ii) $110,000,000, minus, in either case, the average daily unpaid principal balance of the Revolving Credit Loans since the later to occur of October 31, 2002 and the last date of payment of the Commitment Fee with respect to the Revolving Credit Commitment, as described in Section 2.06(a) hereof.

Available Commitment Amount on any day during the Loan Period, an amount equal to the Total Commitment Amount at such time minus the total of all Loans outstanding on such date.

Available Commitment Amount means, as of any particular time, (a) the Total Commitment Amount, minus (b) the Aggregate Credit Obligations then outstanding.

Available Commitment Amount. As of any date of determination, the Commitment Amount less the Outstanding Principal Balance.

Available Commitment Amount means, at any time, an amount equal to the Commitment Amount at such time minus (i) the aggregate principal amount of all Loans outstanding at such time and (ii) the Letter of Credit Obligations at such time.