Available Facility Limit definition

Available Facility Limit means the Facility Limit minus the Loan Balance.
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Available Facility Limit means the Facility Limit less any amounts used by the Borrower from the Facility Limit, calculated by reference to the Reference Currency of such Facility Limit. Revolving Facility Limit means a Facility Limit up to which multiple utilisations can be made and which is replenished with the appropriate value of the repaid amounts.
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Available Facility Limit means the value of the Facility Limit less (i) the value of any discounted and uncollected Negotiable Instruments or Letters of Credit plus (ii) the value of any Negotiable Instruments or Letters of Credit for which a Discounting Request was submitted. Revolving Facility Limit means a Facility Limit within the limit of which multiple discounting can be made and which is replenished with the appropriate value of the amounts collected on the due date of the discounted Negotiable Instruments and Letters of Credit.
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Examples of Available Facility Limit in a sentence

  • If, within the Multiproduct Facility, Credit Facilities have been granted in other currencies than the Reference Currency, and by a full utilisation of the credit line Subceilings the Available Credit Limit would be exceeded, the Bank will automatically block a part of the value of the credit line Subceilings in order not to allow the exceeding of the Available Facility Limit.

  • The Bank shall comply with the Utilisation Requests in the order in which they are registered / received and up to the Available Facility Limit, being agreed by each of the Borrowers that the Utilisation Requests in excess of the Facility Limit will be rejected by the Bank.

  • The amount which is blocked shall be calculated as the aggregate sum of the credit line Subceilings which would determine, if used, the exceeding of the Available Facility Limit.

  • The Bank is entitled, at any time throughout the period of the revocable Facility Limit, mentioned as such in the Framework Discounting Agreement or Credit Facility Agreement, irrespective of the occurrence of any Event of Default and without any prior formalities, to diminish or cancel the Available Facility Limit.

  • The amount which is blocked shall be calculated as the aggregate sum of the overdraft Subceilings which would determine, if used, the exceeding of the Available Facility Limit.

  • If, within the Multiproduct Facility, Credit Facilities have been granted in other currencies than the Reference Currency, and by a full utilisation of the overdraft Subceilings the Available Credit Limit would be exceeded, the Bank will automatically block a part of the value of the overdraft Subceilings in order not to allow the exceeding of the Available Facility Limit.

  • In addition to the times specified in Clause 4.1 (First Availability Date) and Clause 4.2 (Availability of Loans for Additional Ships) the test specified in Clause 4.5 (Available Facility Limit) shall be applied by the Agent on an annual basis in January of each year.

  • The Agent shall, upon completion of each such annual test, notify the Borrower of the Available Facility Limit which is then available for drawing and in the event that the Loans outstanding at that time exceed the revised Available Facility Limit the Borrower shall repay such part of the Loans as exceed the Available Facility Limit.

  • The facility will be available for five years with the maximum available amount (the "Available Facility Limit") reducing based on the age of the financed vessels and being assessed on a yearly basis, as well as, at the date on which the age of any Additional Ship exceeds the 20 years.

  • The Agent shall notify the Borrower and the Lenders promptly upon being so satisfied and at the same time shall notify the Borrower of the amount of the Facility which is then available for drawing (the "Available Facility Limit") applying the test specified in Clause 4.5 (Available Facility Limit).


More Definitions of Available Facility Limit

Available Facility Limit at any given point of time means the amount by which the Facility Limit exceeds the aggregate amount due by the Borrower/s in respect of Loans outstanding at that point of time.
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Related to Available Facility Limit

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

  • Available Facility means the aggregate for the time being of each Lender’s Available Commitment.

  • Facility Limit means, $175,000,000, as reduced or increased from time to time pursuant to the terms hereof. References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the Aggregate Capital at such time.

  • 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.

  • 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.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

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

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the Ratings-Based Applicable Margin is determined in accordance with the definition thereof: 2 0.125 % 3 0.150 % 4 0.200 % 5 0.250 % 6 0.300 % Any change in the applicable Level at which the Ratings-Based Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee.

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

  • Available Commitment means a Lender’s Commitment minus:

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.

  • Eligible facility means any hospital, skilled nursing facility, intermediate care facility, or basic care facility licensed by the state department of health, or any assisted living facility licensed by the department of human services; and

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • 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.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Applicable Facility 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.

  • Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings at such time.

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • 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.

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.