Available Facility B Commitment definition

Available Facility B Commitment means the Facility B Commitment for the time being that has been committed to by the Lender minus:

Available Facility B Commitment means a Lender's Facility B Commitment minus:

Available Facility B Commitment means, as to any Lender at any time, the amount equal to the excess, if any, of (a) such Lender’s Facility B Commitment over (b) the sum of such Lender’s (i) ratable portion of the Aggregate Facility B Revolving Extensions of Credit and (ii) ratable portion of the Aggregate Sterling Revolving Extensions of Credit. The Available Facility B Commitment may be calculated as being negative at any time.

Examples of Available Facility B Commitment in a sentence

• The Lenders having Facility B Commitments agree, severally in accordance with their respective Facility B Commitment Ratios and not jointly, upon the terms and subject to the conditions of this Agreement, to lend and relend to the Borrower, prior to the Facility B Conversion Date, amounts which in the aggregate at any one time outstanding do not exceed the Available Facility B Commitment (as it may be reduced from time to time pursuant to the terms hereof).

• Such portion of the Facility B Commitments shall thereupon become part of the Available Facility B Commitments, and the Available Facility B Commitment of each Lender shall increase by its pro rata portion of the Facility B Commitments so activated.

• The Parties agree that upon such Lender's receipt of the Transfer Order, such Lender shall immediately transfer its Available Facility B Commitment (the “Transferred Commitment”) to Bank of China (and Bank of China shall, strictly in accordance with the terms and conditions set out in this Section 19.2, immediately assume the full amount of the Transferred Commitment and execute any documents reasonably requested by the Borrower in respect of such transfer).

• The obligations of the Lenders hereunder are several and not joint, and no Lender shall under any circumstances be obligated to extend credit under the Facility B Credit in excess of its Available Facility B Commitment.

• The Parties agree that each Deemed Loan shall be deemed to have been disbursed solely from the Available Facility A Commitment and/or Available Facility B Commitment (as applicable) of Bank of China and that on the date hereof, the Available Facility A Commitment and/or Available Facility B Commitment (as applicable) of Bank of China shall be reduced in an amount equal to the aggregate of all the Deemed Loans.

More Definitions of Available Facility B Commitment

Available Facility B Commitment means the amount of a Lender's Facility B Commitment which is available to the Borrower. On any day it is that Lender's Facility B Commitment on that day less that Lender's aggregate participation in all outstanding Facility B Advances. Participations in Facility B Advances in the Optional Currency will be taken at their Original Sterling Amount.

Available Facility B Commitment as to any Lender at any time, an amount equal to the excess, if any, of the Facility B Commitment minus the Facility B Aggregate Outstanding Extensions of Credit of such Lender.

Available Facility B Commitment means, in relation to a Participating Bank at any time, its Commitment under Facility B at such time less the Dollar Amount of the aggregate amount of all outstanding Advances (for the removal of doubt, together with any Linkage Differentials on such Advances) made by such Participating Bank (and taking into account, where relevant, any Advances not yet made but Drawdown Requests in respect of which have been submitted to such Participating Bank) under Facility B at such time;

Available Facility B Commitment means, as of any particular time, (a) the Facility B Commitment minus (b) the Facility B Loans then outstanding.

Available Facility B Commitment means a Lender's Commitment under that Facility minus:

Available Facility B Commitment means, with respect to any Facility ------------------------------- B Lender at any time, (a) such Facility B Lender's Facility B Commitment at such time minus (b) the aggregate Face Value Amount of all Facility B ----- Advances made by such Lender and outstanding at such time.

Available Facility B Commitment means, in relation to a Bank at any time and save as otherwise provided herein, its Facility B Commitment at such time less the Euro Amount of its share of the Facility B Outstandings at such time provided that such amount shall not be less than zero adjusted, in the case of a proposed Utilisation under Facility B only, so as to take into account: