Available Lessor Commitment definition

Available Lessor Commitment means, at any time, an amount equal to the excess, if any, of (x) the Lessor Commitment, minus (y) the aggregate Lessor Amounts outstanding.

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Available Lessor Commitment means an amount equal to the excess, if any, of (a) the amount of the Lessor Commitment over (b) the aggregate amount of the Lessor Advances made since the Closing Date after giving effect to Section 5.2(d) of the Participation Agreement.

Available Lessor Commitment means the aggregate Lessor Commitments less the sum of (a) the aggregate amount of Lessor Advances (without giving effect to any prepayments) and (b) the portion of Requested Funds to be funded by the Lessor which is set forth in any pending Requisition.

Examples of Available Lessor Commitment in a sentence

Amounts of the Lessor Advance prepaid shall permanently decrease the Lessor Commitment and the Available Lessor Commitment, and such amounts may not be readvanced.
Neither the Lessor nor the Lessee shall submit any Requisition or any other request for funding pursuant to the Operative Agreements requesting that the Credit Lenders make Credit Loans in excess of the aggregate Available Credit Loan Commitments, requesting that the Mortgage Lenders make Mortgage Loans in excess of the aggregate Available Mortgage Loan Commitments or requesting any Lessor Advance in excess of the Available Lessor Commitment.
Based upon the Construction Budgets, the ----------------- Available Commitments and the Available Lessor Commitment will be sufficient to complete the Improvements for which the Requisition relates on such Properties.
Based upon the Construction Budgets, the Available Commitments and the Available Lessor Commitment will be sufficient to complete the Improvements for which the Requisition relates on such Properties.
Notwithstanding any other provision hereof and in addition to the limitations set forth in Section 3.10, Lessor shall not be obligated to make available any Investment if the amount of the proposed Investment exceeds the Available Lessor Commitment.

More Definitions of Available Lessor Commitment

Available Lessor Commitment means at any time, an amount equal to the excess, if any, of (x) the aggregate amount of the Lessor Commitments MINUS (y) the aggregate outstanding amounts of the Equity Amounts.

Available Lessor Commitment means with respect to any Property at any time, an amount equal to the excess, if any, of (a) the Lessor Commitment with respect to such Property over (b) the aggregate outstanding amount of Equity Amounts allocable to such Property.

Available Lessor Commitment means, as to any Lessor at any time, an amount equal to the excess, if any, of (a) the amount of such Lessor's Lessor Commitment over (b) the aggregate amount of all Lessor Contributions made by such Lessor as of such date (whether or not any such Lessor Contributions have been repaid).

Available Lessor Commitment means, at any time with respect to a Leased Asset, an amount equal to the excess, if any, of (a) the amount of the Lessor Commitment for such Leased Asset over (b) the aggregate original principal amount of all Advances made under the Lease in respect of such Leased Asset prior to such time.