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 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.

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;

Examples of Available Revolving Amount in a sentence

• In such event, the Borrower shall be deemed to have requested a Revolving Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.03 for the principal amount of Revolving Base Rate Loans, but subject to the amount of the unutilized portion of the Available Revolving Amount and the conditions set forth in Section 4.02 (other than the delivery of a Loan Notice).

• If the Revolving Principal Obligation exceeds the Available Revolving Amount, then Borrower shall pay no later than five (5) Business Days after written demand therefor such excess (the “Mandatory Prepayment Amount”) to Administrative Agent, for the benefit of Lenders, in immediately available funds.

• Each telephonic or electronic mail notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to Administrative Agent of a written Loan Notice (which may be delivered by electronic mail), appropriately completed and signed by a Responsible Officer of such Borrower and accompanied by an updated Borrowing Base Report detailing the Available Revolving Amount calculated after giving effect to the requested Loans.

More Definitions of Available Revolving Amount

Available Revolving Amount means, at any time, the lesser of: (a) the Maximum Revolving Commitment and (b) the Borrowing Base.

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) [reserved]; or (xii) [reserved]; 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 or “Borrowing Base” or any of the related defined terms (except that the definition of “Maximum Revolving 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);

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, 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.

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 means, as of any date: