Available Revolving Amount definition

Available Revolving Amount means, at any time, the lesser of: (a) the Maximum Revolving Commitment; and (b) (i) the Borrowing Base less (ii) (x) prior to the Collateral Termination Date, the Outstanding Amount of any Term Loans and (y) from after the Collateral Termination Date, all Total Unsecured Indebtedness (other than the Revolving Principal Obligation).

Available Revolving Amount or “Borrowing Base” or any of the related defined terms without the consent of all Lenders (except that the definition of “Maximum Revolving Commitment” and/or “Maximum Total Commitment” may be revised to increase or decrease such amount pursuant to its terms, or otherwise with the consent of the Lenders increasing or decreasing their Revolving Commitments in connection therewith); (xi) amend the definitions of “Collateral Termination Date” or any of the related defined terms (except that only the consent of the Required Lenders shall be required to waive or amend the financial covenants in Section 5.02 so long as any such waivers or amendments do not impact the conditions for the Collateral Termination Date) without the consent of all Lenders; or (xii) while any Term Loans remain outstanding (A) amend, modify or waive any provision of this Agreement if the effect of such amendment, modification or waiver is to require the Revolving Lenders to make Revolving Loans when such Lenders would not otherwise be required to do so, (B) change the amount of the Swing Line Sublimit, or (C) change the amount of the Letter of Credit Sublimit, in each case, without the written consent of the Required Revolving Lenders; provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent hereunder without the prior written consent of the Administrative Agent;

Available Revolving Amount means, at any time of determination, the result of (a) the lesser of (i) the Maximum Revolving Amount, and (ii) the Borrowing Base, minus (b) the principal amount of all Indebtedness outstanding under the Revolving Notes.

Examples of Available Revolving Amount in a sentence

• On any date that the foregoing covenants are tested, the Incurrence Test Amount and the Total Incurrence Test Amount shall also be calculated and the Available Revolving Amount and Available WC Revolving Amount shall also be tested.

• Subject to the terms and conditions set forth herein, each Lender having a Revolving Commitment severally agrees to make Revolving Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender's Revolving Credit Exposure exceeding such Lender's Revolving Commitment, or (b) the aggregate Revolving Credit Exposure of all Lenders exceeding the Available Revolving Amount.

• A Letter of Credit shall be issued, amended, renewed or extended only if (and, upon issuance, amendment, renewal or extension of each Letter of Credit, the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $5,000,000 and (ii) the sum of the total Revolving Credit Exposures shall not exceed the Available Revolving Amount.

• Borrower acknowledges, agrees and confirms that the obligations of all Lenders, including TFC, to make Loans under this Agreement to Borrower is limited to the lesser of: (i) the Borrowing Base or (ii) $30,000,000 (the "Maximum Available Revolving Amount").

More Definitions of Available Revolving Amount

Available Revolving Amount means, as of any date determination, the lesser of (a) the sum of (i) Aggregate Revolving Commitment Amount less (ii) the Total Revolving Credit Exposure and (b) the sum of (i) Pool Availabilitythe maximum amount of Consolidated Total Unsecured Debt that would result in pro forma compliance with the covenants set forth in ARTICLE VI less (ii) the aggregate principal amount of all Consolidated Total Unsecured Debt (including the Total Revolving Credit Exposure), in each case, as of such date.

Available Revolving Amount at any time, an amount equal to the lesser of (a) the excess, if any, of (i) the aggregate Revolving Credit Commitments of the Revolving Credit Lenders at such time over (ii) the Aggregate Revolving Credit Outstandings at such time and (b) the excess, if any of (i) the Borrowing Base at such time over (ii) the Aggregate Outstanding Extensions of Credit at such time.

Available Revolving Amount means, when determined, the lesser of (a) the excess of the Incurrence Test Amount over the Principal Debt, if any, (b) the excess of the Total Incurrence Test Amount over Total Funded Debt, if any, and (c) the excess of the Aggregate Revolving Loan Commitment, over the Revolving Loan Principal Debt, if any.

Available Revolving Amount means, when determined, the excess of (a) the lesser of (i) the Revolving Loan Commitment and (ii) the Borrowing Base Amount over (b) the Revolving Loan Principal Debt, if any. Beneficial Ownership and Beneficial Owner have the meanings given them in Rule 13d-3 under the Securities Exchange Act of 1934, as in effect from time to time.

Available Revolving Amount means, when determined, the excess of the Aggregate Revolving Loan Commitment, over the Revolving Loan Principal Debt, if any.”

Available Revolving Amount means, as of any date:

Available Revolving Amount means, as of any date determination, the lesser of (a) the sum of (i) Aggregate Revolving Commitment Amount less (ii) the Total Revolving Credit Exposure and (b) the sum of (i) Pool Availability less (ii) the aggregate principal amount of all Consolidated Total Unsecured Debt (including the Total Revolving Credit Exposure), in each case, as of such date.