Available Committed Amount definition

Available Committed Amount means the Contingent Guaranty Amount less -------------------------- the Guaranteed Draw Amount.
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Available Committed Amount means the Tranche 3 Committed Amount less the sum of (a) the Village Note Payoff Advance, (b) the Operating Expense Advance, (c) the stated amount of all Project Tranches for all Existing Projects, Planned Projects and Future Projects previously incurred under the Tranche 3 Committed Amount and (d) any sums not identified in any Project Development Budget for any Existing Project, Planned Project or Future Project but which are reasonably identified by Agent Lender as amounts required to complete the development of any Existing Project, Planned Project or Future Project (i.e., any “overrun” amounts), as such amount may be adjusted from time to time by Agent Lender to account for changes to Project Development Budgets for Existing Projects, Planned Projects and Future Projects, cost-savings or cost-overruns in any Project Development Budgets for an Existing Project, Planned Project or Future Project, or the availability of Lessor Contributions for Project development or operating costs, all as more particularly provided herein.
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Available Committed Amount means, at any time, an amount equal -------------------------- to the lesser of (a) the Committed Amount or (b) sixty percent (60%) of the Value of the Collateral Pool.
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Examples of Available Committed Amount in a sentence

  • Notwithstanding the foregoing, amounts requested by the Issuer under the Draw Requests, in the aggregate, may not exceed the Aggregate Available Committed Amount.

  • In the event the Agent Lender consents to any modification to a Project Tranche amount, the Available Committed Amount will be adjusted upward or downward accordingly.

  • To the extent that Project Development Budget changes by Borrower result in increased Project costs for which there is no Available Committed Amount sufficient to permit such an increase in the Project Tranche, Borrower shall be responsible for paying the full amount of such Deficiency, as hereinafter provided.

  • To the extent that Project Development Budget changes by Borrower result in increased Project costs for which there is no Available Committed Amount sufficient to permit such an increase in the Project Tranche, Borrower shall be responsible for paying the full amount of such Deficiency from Borrower’s own funds, as hereinafter provided.

  • The aggregate outstanding principal amount of the Notes may be increased (subject to the Aggregate Available Committed Amount) through the funding of Draws.

  • Notwithstanding the foregoing, any changes to the amount of a Project Tranche (either increases or decreases) shall be subject to Agent Lender’s prior written consent, which consent shall not be unreasonably withheld as long as such changes will not result in a negative Available Committed Amount and Agent Lender reasonably believes the new proposed Project Tranche for the Project remains sufficient to permit the completion of the Project.

  • The Note Balance is subject to increase by Draws on (A) the Closing Date in a minimum aggregate amount of $8,000,000 and (B) any Subsequent Draw Date in a minimum aggregate amount of $3,000,000 and a maximum aggregate amount of $10,000,000 (subject to the Aggregate Available Committed Amount), unless waived in writing by each Note Purchaser.

  • In the event the Agent Lender consents to any modification to a Project Tranche amount, the Remaining Construction Project Reserve will be adjusted upward or downward accordingly; provided, at no time shall the Remaining Construction Project Reserve exceed the Available Committed Amount (calculation of the Available Committed Amount shall not include the Interest Reserve).


More Definitions of Available Committed Amount

Available Committed Amount means the Tranche 3 Committed Amount less the sum of (a) the Village Note Payoff Advance, (b) the Operating Expense Advance, (c) the stated amount of all Project Tranches for all Existing Projects, Planned Projects, Renovation Projects and Future Projects previously incurred under the Tranche 3 Committed Amount and (d) any sums not identified in any Project Development Budget for any Existing Project, Planned Project, Renovation Project or Future Project but which are reasonably identified by Agent Lender as amounts required to complete the development of any Existing Project, Planned Project or Future Project (i.e. any “overrun” amounts), as such amount may be adjusted from time to time by Agent Lender to account for changes to Project Development Budgets for Existing Projects, Planned Projects, Renovation Projects and Future Projects, cost-savings or cost-overruns in any Project Development Budges for any Existing Project, Planned Project, Renovation Project or Future Project, or the availability of Lessor Contributions for Project development or operating costs, all as more particularly provided herein.
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Available Committed Amount or "Available Commitment" means $4,000,000, as such amount may be increased from time to time up to the Maximum Commitment pursuant to the terms of Section 2.02;
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Related to Available Committed Amount

  • Available Commitment means a Lender’s Commitment minus:

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Uncommitted Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • LOC Committed Amount shall have the meaning set forth in Section 2.3(a).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Maximum Revolving Advance Amount means $30,000,000.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Designated Amount means the lesser of:

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $200,000,000.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Available Aggregate Commitment means, at any time, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time.