Available Lessor Commitment definition

Available Lessor Commitment means, as to the Lessor at any time, an amount equal to the excess, if any, of (a) the amount of the Lessor Commitment over (b) the aggregate principal amount of all Lessor Advances made by the Lessor as of such date (but without giving effect to any repayments or prepayments of any Lessor Advances under the Participation Agreement).
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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.
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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).
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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.

  • Unused Fee”), calculated as the Available Lessor Commitment multiplied by the Applicable Percentage allocated by the Agent to the Lessor.

  • 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.
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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.
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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.
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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.
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Related to Available Lessor Commitment

  • Letter of Credit Commitment means, with respect to the Issuer, the Issuer's obligation to issue Letters of Credit pursuant to Section 2.1.3 and, with respect to each of the other Lenders that has a Revolving Loan Commitment, the obligation of each such Lender to participate in such Letters of Credit pursuant to Section 2.6.1.

  • Unissued Letter of Credit Commitment means, with respect to any Issuing Bank, the obligation of such Issuing Bank to issue Letters of Credit for the account of the Borrower or its specified Subsidiaries in an amount equal to the excess of (a) the amount of its Letter of Credit Commitment over (b) the aggregate Available Amount of all Letters of Credit issued by such Issuing Bank.

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $25,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • 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.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Available Commitment means a Lender’s Commitment minus:

  • Available Unused Commitment means, with respect to a Revolving Facility Lender under any Class of Revolving Facility Commitments at any time, an amount equal to the Dollar Equivalent of the amount by which (a) the applicable Revolving Facility Commitment of such Revolving Facility Lender at such time exceeds (b) the applicable Revolving Facility Credit Exposure of such Revolving Facility Lender at such time.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • L/C Commitment $50,000,000.

  • Increase Lender has the meaning given to that term in Clause 2.2 (Increase).

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • Available Revolving Credit Commitment with respect to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

  • Unutilized Commitment means, with respect to any Lender at any time, such Lender's Commitment at such time less the aggregate principal amount of all Loans made by such Lender that are outstanding at such time.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • Term A Commitment means, as to each Term A Lender, its obligation to make Term A Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term A Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $200,000,000.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • 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.

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

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.