Available Credit Balance definition

Available Credit Balance means, in relation to an Ancillary Facility, credit balances on any account of any Borrower of that Ancillary Facility with the Ancillary Lender making available that Ancillary Facility to the extent that those credit balances are freely available to be set off by that Ancillary Lender against liabilities owed to it by that Borrower under that Ancillary Facility.
Available Credit Balance in relation to the Card Account means the amount by which the Credit Balance exceeds the aggregate of: (a) the total amount of all cheques or bills which have been credited to the Card Account but which has not been cleared or collected; and (b) the amount of the General Earmarked Balance on the Card Account.
Available Credit Balance means, in relation to an Ancillary Facility, credit balances on any account of the Company with the Ancillary Lender making available that Ancillary Facility to the extent that those credit balances are freely available to be set off by that Ancillary Lender against liabilities owed to it by the Company under that Ancillary Facility.

Examples of Available Credit Balance in a sentence

  • Bank will reduce the amount of Organization’s Available Credit Balance to the extent Organization incurs any new charges, Transactions, fees, or other amounts due Bank for any reason under the Agreement.

  • Available Credit Balance is purely subject to Digital Solar Project’s performance and SundayGrids is not liable for any month over month fluctuations in the Credit Balance amount.

  • Bank reserves the right to hold any payment that is intended to create or add to Organization’s Available Credit Balance unless and until Bank is satisfied that the payment was both made from a Commercial DDA and has cleared.

  • From time to time, Bank may permit Organization to make a payment that creates or adds to Organization’s available Card Program credit balance (“Available Credit Balance”); this functionality may be referred to as “Overpay” or “Relay.” Nevertheless, Bank, in its sole and absolute discretion, may: (1) reject and return any payment (from any source) that is intended to create or add to Organization’s Available Credit Balance; and (2) not increase Organization’s Available Credit Balance.

  • Organization understands and acknowledges that no interest can or shall be earned on any funds or payments that create or add to Organization’s Available Credit Balance.


More Definitions of Available Credit Balance

Available Credit Balance in relation to the Account means the amount by which the Credit Balance exceeds the aggregate of:
Available Credit Balance means in respect of Your Facility Account, the difference between:
Available Credit Balance means in respect of a Linked Facility Account which is a Premium or Premium Deluxe Loan account, the difference between:
Available Credit Balance means, in relation to an Ancillary Facility, credit balances on any account of any Borrower of
Available Credit Balance means, in relation to an Ancillary Facility, credit balances on any account of any Borrower of that Ancillary Facility with the Ancillary Lender making available that Ancillary Facility or with any Affiliate of that Ancillary Lender, in each case to the extent that those credit balances are freely available to be set off by that Ancillary Lender against liabilities owed to it by that Borrower under that Ancillary Facility.

Related to Available Credit Balance

  • Available Credit means, at any time, (a) the then effective Revolving Credit Commitments minus (b) the aggregate Revolving Credit Outstandings at such time.

  • Credit Balance means the funds remaining and due to a Student after such Student’s loans and other financial aid remittances, including but not limited to Title IV Higher Education Act program funds, have been credited to the Student’s account at School.

  • Available Commitment means a Lender’s Commitment minus:

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Maximum Revolving Advance Amount means $25,000,000.

  • 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.

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

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

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

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Swing Line Participation Amount as defined in Section 2.7.

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

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Unused Amount means the Maximum Line reduced by outstanding Revolving Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one-half of one percent (0.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Undercollateralized Amount As defined in Section 4.01(b)(iii).

  • Amount Available means, as to any Remittance Date, an amount equal to

  • Applicable Credit Support Percentage As defined in Section 4.02(e).

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage:

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

  • 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.

  • Specified Reserve Fund Balance means, on the Closing Date $3,846,153.85, and with respect to any Payment Date 0.25% of the initial aggregate principal balance of the Receivables as of the Cutoff Date.

  • 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.