Available Credit means, at any time, (a) the then effective Revolving Credit Commitments minus (b) the aggregate Revolving Credit Outstandings at such time.
Available Credit means the amount of credit that is available to you at any time on the Account. It is the positive difference between the Credit Limit and the Balance that is owed on the Account. Balance means the total amount of all Transactions, fees, interest and other amounts charged to the Account under this Agreement, less any payments or other credits posted to your Account.
Available Credit at any time, (1) the Maximum Advance Amount less (2) the Outstanding Advances at such time.
Examples of Available Credit in a sentence
A credit Balance on the Account will not increase your Available Credit or Credit Limit.
Some merchants may pre‑authorize the amount or estimated amount of a Purchase and that will reduce the Available Credit.
Your Available Credit may not be up to date at all times including if a payment or other Transaction has not yet been processed or posted to the Account.
More Definitions of Available Credit
Available Credit means, at any time, an amount equal to the then effective Revolving Credit Commitments of the Lenders less the sum of (x) the aggregate of the outstanding principal amount of the Revolving Credit Loans at such time and (y) the Letter of Credit Outstandings.
Available Credit means, at any particular time with respect to the Credit Facility, the amount, if any, by which the Credit Limit at such time exceeds the amount of credit outstanding under the Credit Facility at such time.
Available Credit means, at any time, the amount by which (a) the Total Commitment is greater than (b) the aggregate of (i) the aggregate outstanding principal amount of the Loans at such time, and (ii) the Letter of Credit Exposure at such time.
Available Credit means, as of any date of determination, the lesser of (a) the Commitment of all Lenders and (b) the Borrowing Base as most recently reported by Borrowers on or prior to such date of determination.
Available Credit means, at any particular time, the amount, if any, by which the amount of the Credit Facility at such time exceeds the amount of credit outstanding under the Credit Facility at such time.
Available Credit means your Credit Limit less your Balance and the aggregate amount of any authorized Transactions.
Available Credit means, as of any day, $400,000,000 less the aggregate amount of Loans then outstanding.