Available Mexican Commitment definition
Available Mexican Commitment means, as at any date of determination (after giving effect to the making, and the application of the proceeds, of any US Revolving Loans required to be made on such date pursuant to Section 2.07), with respect to any Mexican Lender, an amount equal to (a) the lesser of (i) the excess, if any, of (x) the amount of such Mexican Lender’s Mexican Commitment in effect on such date over (y) such Mexican Lender’s Mexican Commitment Percentage of the aggregate principal amount of Mexican Revolving Loans outstanding on such date and (ii) the excess, if any, of (x) the amount of such Mexican Lender’s US Revolving Commitment in effect on such date over (y) the amount of the Revolving Credit Exposure of such Mexican Lender on such date minus (b) an amount equal to the product of (i) such Mexican Lender’s Mexican Commitment Percentage and (ii) the aggregate principal amount of any loans or advances by the US Borrower and its Subsidiaries to the Mexican Borrower outstanding on such date in reliance on Section 8.05(a)(iii).
Available Mexican Commitment means, as at any date of determination (after giving effect to the making, and the application of the proceeds, of any US Revolving Loans required to be made on such date pursuant to Section 2.07), with respect to any Mexican Lender, an amount equal to the lesser of (a) the excess, if any, of (i) the amount of such Mexican Lender’s Mexican Commitment in effect on such date over (ii) such Mexican Lender’s Mexican Commitment Percentage of the aggregate principal amount of Mexican Revolving Loans outstanding on such date and (b) the excess, if any, of (i) the amount of such Mexican Lender’s US Revolving Commitment in effect on such date over (ii) the amount of the Revolving Credit Exposure of such Mexican Lender on such date.