Available Credit Amount definition

Available Credit Amount means the amount obtained by subtracting from the credit limit:

Available Credit Amount means, as of the time of calculation, the difference between the Credit Amount less any amounts offset against the Credit Amount pursuant to Section 6.8(d) prior to such time of calculation.” 5.Appendix I to the Exchange Agreement is hereby amended to add a new defined term after the term “Control” and before the term “Customary Post Closing Consents”: ““Credit Amount” means an amount equal to $1,599,750.” 6.Section 6.8 of the Exchange Agreement is hereby amended by adding a new subjection (d) thereto as follows: “(d) To the extent that CONSOL is required to make a cash payment to Noble with respect to a Deficiency Net Acres Claim pursuant to Section 6.8(a)(iv), then in lieu of making such cash payment, CONSOL shall have the right to offset any such amounts owed by CONSOL to Noble against the Credit Amount until such time that the Available Credit Amount is equal to $0.00. At such time that the Available Credit Amount is equal to $0.00, if CONSOL is required to make any payments to Noble with respect to a Deficiency Net Acres Claim pursuant to Section 6.8(a)(iv), CONSOL shall again be required to make such payments in cash. On the first anniversary of the Closing, if the Available Credit Amount is greater than $0.00, Noble shall be required to make a cash payment to CONSOL equal to the then positive balance of the Available Credit Amount on such date.” 7.Schedule 1.1A to the Exchange Agreement is hereby deleted in its entirety and replaced in its entirety with the Schedule 1.1A attached hereto. 8.Schedule 2.6 to the Exchange Agreement is hereby deleted in its entirety and replaced in its entirety with the Schedule 2.6 attached hereto. 9.Schedule 4.4 to the Exchange Agreement is hereby deleted in its entirety and replaced in its entirety with the Schedule 4.4 attached hereto. 10.Schedule 4.7, Part IV to the Exchange Agreement is hereby amended by removing the following matter from such schedule: CASE NAME DOCKET NUMBER and JURISDICTION SUMMARY Xxxx, Xxxx x. CNX Gas Company LLC Case No. GD 10-21633 (Court of Common Pleas, Allegheny County, PA) Plaintiff alleges that CNX improperly calculated royalties by allocating deductions for lost and used gas, failed to pay an oil royalty, and improperly took post-production deductions. Seeks breach of contract damages and an accounting.

Available Credit Amount means, at the particular time in question, the difference of (i) the Commitment Amount at such time less (ii) the Outstanding Amount at such time.

Examples of Available Credit Amount in a sentence

• The Maximum Drawing Amount and Maximum Available Credit Amount applicable to a given Letter of Credit shall be subject to modification as specified in such Letter of Credit and drawings under each Letter of Credit shall be subject to the other terms and conditions set forth in such Letter of Credit.

• Immediately upon the sum of (A) the Revolving Credit Obligations and (B) the Swingline Obligations exceeding the Maximum Available Credit Amount, the Borrowers shall make, or cause to be made, a mandatory prepayment of the Revolving Credit Obligations and/or the Swingline Obligations in an amount equal to such excess, together with accrued but unpaid interest thereon.

• Any partial reduction of the Maximum Available Credit Amount shall be in a minimum amount equal to $500,000 or any whole multiple thereof and shall reduce each Lender's Credit Commitment proportionately in accordance with its Pro Rata Share.

• Any payment made in respect of the Company's obligations under the Reimbursement Agreement shall be deemed a payment in respect of the Bonds of this Series, but such payment shall not reduce the principal amount of the Bonds of this Series unless the sum of (a) the Maximum Available Credit Amount of the Letters of Credit, plus (b) the aggregate principal amount of Letter of Credit drawings and Advances then outstanding under the Reimbursement Agreement, is reduced concurrently with such payment.

• The Maximum Available Credit Amount may be reduced at any time and from time to time upon receipt by us at the address for presentation of documents set forth below of a copy of the instrument effecting such reduction, signed by you in the form of Exhibit 1 hereto (a "Reduction Certificate").

More Definitions of Available Credit Amount

Available Credit Amount means the aggregate amount of funds available to be drawn under the Loan and Security Agreement, as estimated in good faith by the Company two (2) Business Days prior to the Closing Date and set forth on the Closing Statement.

Available Credit Amount means, as of the time of calculation, the difference between the Credit Amount less any amounts offset against the Credit Amount pursuant to Section 6.8(d) prior to such time of calculation.”

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

Available Credit Amount means, for a particular Operating Year, the amount of the Fixed City Revenue paid during such Operating Year, less the amount of all deductions and offsets by the City against the Security Deposit, pursuant to Section 7.9, regarding such Operating Year.

Available Credit Amount. As of any date of determination, an amount equal to the lesser of:

Available Credit Amount means, for a particular Operating Year, the amount by which the Security Deposit, less the amount of all deductions and offsets by the City against the Security Deposit for such Operating Year and all preceding Operating Years, pursuant to Section 7.9, exceeds, if at all, the total amount of Fixed City Revenue to be paid by the Operator during the remainder of the Term following such Operating Year.

Available Credit Amount means the amount designated as Available Credit Amount on the most recent Borrowing Base Certificate for the Term Loans.