Available Loan Commitments definition

Available Loan Commitments means, at any time and in respect of any Lender, such Lender’s Loan Commitment minus:
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Available Loan Commitments without duplication of amounts calculated thereunder, the Available Canadian Facility Loan Commitments and the Available U.S. Facility Loan Commitments.
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Available Loan Commitments at any time, the excess of (a) the Total Loan Commitments (other than the Total Bank L/C Loan Commitments) over (b) the aggregate principal amount of Loans (other than Bank L/C Loans and Bank Liquidity Loans) then outstanding.
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Examples of Available Loan Commitments in a sentence

  • Each borrowing pursuant to the Loan Commitments shall be in an aggregate principal amount equal to (a) the lesser of, in the case of Alternate Base Rate Loans, (i) $10,000,000 or a whole multiple of $1,000,000 in excess thereof, and (ii) the Available Loan Commitments and (b) in the case of Eurodollar Loans, $10,000,000 or a whole multiple of $1,000,000 in excess thereof.

  • The Administrative Agent and the Co-Collateral Agent shall have received a Borrowing Base Certificate in the form contemplated by Subsection 7.2(f), or such other form as may be reasonably acceptable to the Administrative Agent and the Co-Collateral Agent, setting forth, after giving effect to the Borrowings hereunder on the Closing Date, the Available Loan Commitments.

  • After giving effect to any borrowing on the Closing Date, the amount of Available Loan Commitments (determined for this purpose only without giving effect to any L/C Obligation), together with any remaining cash on hand from the issuance of the Senior Secured Notes immediately after giving effect to the Transactions, shall equal or exceed $175,000,000.

  • The Administrative Agent and the Co-Collateral Agent shall have received a Borrowing Base Certificate setting forth, after giving effect to the Borrowings hereunder on the Closing Date, the Available Loan Commitments equal to an amount not less than $400,000,000.

  • The Administrative Agent shall have received a Borrowing Base Certificate in the form contemplated by Section 7.2(f), or such other form as may be reasonably acceptable to the Administrative Agent, setting forth, after giving effect to the Borrowings hereunder on the Closing Date, the Available Loan Commitments.

  • The Administrative Agent shall have received a Borrowing Base Certificate pursuant to subsection 7.2(f) setting forth, after giving effect to the Borrowings hereunder on the Closing Date, the Available Loan Commitments equal to an amount not less than $500,000,000.

  • The proceeds of the Initial Loans shall be applied by the Company, (together with any borrowings under the Bank Credit Agreement described in Section 3.1A.C and cash on hand (if necessary)) to pay Transaction Costs, to consummate the Debt Tender Offer, to consummate the Alternate Tender Offer and/or any Redemption and/or to refinance Indebtedness under the Bank Credit Agreement to the extent of the Available Loan Commitments therefor, as applicable.

  • The Borrowers, jointly and severally, agree to pay to the Lenders an unused-commitment fee to be shared pro rata among the Lenders with respect to the Loan Commitments for the period from and including the Closing Date to but excluding the Revolving Loan Commitment Expiration Date, based on the daily aggregate Available Loan Commitments from time to time in effect and computed at the applicable per annum rate set forth below.

  • The proceeds of Revolving Credit Loans and Swing Line Loans shall be used by the Borrowers to finance the working capital and business requirements of, and for general corporate purposes of, the Parent Borrower and its Subsidiaries; provided that after giving effect to the Borrowings hereunder on the Closing Date, the Available Loan Commitments shall not be less than $500,000,000.

  • As of the Effective Date, the Available Loan Commitments shall be equal to an amount not less than $400,000,000.


More Definitions of Available Loan Commitments

Available Loan Commitments the Aggregate Revolving Loan Commitment minus the aggregate amount of all Loans and Letters of Credit outstanding.
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Available Loan Commitments means on any Borrowing Date, (A) with respect to a Subsequent Loan (other than a Subsequent Loan to be made on a Bank Indebtedness Refinancing Date), an aggregate principal amount equal to (i) the Total Commitments minus (ii) the aggregate principal amount of Initial Loans made on the initial Borrowing Date minus (iii) the aggregate principal amount of Subsequent Loans made pursuant to Section 2.1(A)(ii) during the period from the Closing Date through such Borrowing Date and (B) with respect to a Subsequent Loan to be made on a Bank Indebtedness Refinancing Date, the Available Loan Commitments referred to in the preceding clause (A), but not to exceed the greater of (x) the amount of Bank Indebtedness, if any, incurred to finance the Debt Tender Offer and (y) $20,000,000.
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Related to Available Loan Commitments

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

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

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Loan Commitment means a statement transmitted in writing or electronically by a mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular residential mortgage loan to a particular borrower.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • 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.

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

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Term B Loan Commitment means the obligation of the Term B Lenders to make a Term B Loan on the Closing Date in an aggregate principal amount equal to $850,000,000. The Term B Loan Commitment on the Closing Date is $850,000,000.

  • Existing Revolving Commitments has the meaning specified in Section 2.17(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.

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The amount of the Aggregate Revolving Commitments in effect on the Closing Date is SIX HUNDRED MILLION DOLLARS ($600,000,000).

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.