Available Revolving Facility definition

Available Revolving Facility means, at any time, the aggregate amount of the Available Revolving Facility Commitments.

Available Revolving Facility means, at any time, the aggregate amount of the Available Revolving Commitments adjusted, in the case of any proposed drawdown, so as to take into account:

Available Revolving Facility means, in relation to each Revolving Facility, the aggregate for the time being of each Lender’s Available Revolving Commitment in respect of that Revolving Facility.

Examples of Available Revolving Facility in a sentence

• The amount of each Lender’s obligations under and participation in each Letter of Credit will be equal to the proportion borne by its Available Revolving Commitment to the Available Revolving Facility immediately prior to the issue of the Letter of Credit.

• The amount of each Lender’s participation in each Revolving Facility Loan will be equal to the proportion borne by its Available Revolving Commitment to the Available Revolving Facility immediately prior to making the Revolving Facility Loan.

• In determining the amount of the Available Revolving Facility and a Lender’s L/C Proportion with respect to either Revolving Facility of a proposed Letter of Credit for the purposes of this Agreement the Available Revolving Commitment of a Lender will be calculated ignoring any cash cover provided for outstanding Letters of Credit and adjusting to reflect any assignment or transfer under this Agreement to or by the relevant Lender.

• The amount of a proposed Letter of Credit issued under Revolving Facility A must be an amount the Base Currency Amount of which is not more than the Available Revolving Facility for Facility A and which when aggregated with the Base Currency Amount of all other Letters of Credit then in issue under Revolving Facility A does not exceed the Guarantee Sub-limit.

• The relevant Borrower may, if it gives the Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of US$5,000,000 for Revolving Facility A and €5,000,000 for Revolving Facility B) of an Available Revolving Facility.

More Definitions of Available Revolving Facility

Available Revolving Facility means the aggregate for the time being of each Lender's Available Commitment in respect of the Revolving Facility.

Available Revolving Facility means, in relation to the Revolving Facility, at any time, the aggregate amount of the Available Revolving Facility Commitments in respect of the Revolving Facility at that time.

Available Revolving Facility means, at any time, the aggregate amount of the Available Revolving Commitment adjusted, in the case of any proposed utilisation, to take into account:

Available Revolving Facility means, at any time, the aggregate of the Available Revolving Commitments;

Available Revolving Facility means the aggregate of the Available Commitments.

Available Revolving Facility. AMOUNT: at any time, in relation to the Revolving Facility and any proposed Utilisation thereof by any Borrower, the Revolving Facility Amount as reduced by the sum at such time of the Original Sterling Amount of:

Available Revolving Facility means the aggregate for the time being of each Lender's Available Revolving Commitment.