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.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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

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.
The aggregate principal amount of each Advance shall be not less than $100,000 (in any combination of either or both Notes) or in such lesser amounts equal to the 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 the difference between the Maximum Commitment Amount and the Loan Amount.

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) $130,000,000, minus, in either case, the average daily unpaid principal balance of the Revolving Credit Loans since the later to occur of April 30, 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 at any time, an amount equal to the Aggregate Commitment Amount at such time MINUS the Aggregate Credit Exposure at such time.

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

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.

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