Available Swingline Commitment of a Swingline Lender means (but without limiting sub-clause 6.4.5 of Clause 6.4 (Swingline Lenders' participation) and Clause 6.5 (Relationship with Revolving Facility)) that Lender's Swingline Commitment minus:
(i) the Base Currency Amount of its participation in any outstanding Swingline Loans; and
(ii) in relation to any proposed Utilisation under the Swingline Facility, the Base Currency Amount of its participation in any Swingline Loans that are due to be made under the Swingline Facility on or before the proposed Utilisation Date, other than that Lender's participation in any Swingline Loans that are due to be repaid or prepaid on or before the proposed Utilisation Date.
Available Swingline Commitment means a Swingline Lender's Swingline Commitment minus:
Available Swingline Commitment of a Swingline Lender means (but without limiting Clause 8.5 (Relationship with Facility D)) that Lender’s Swingline Commitment minus:
(A) the amount of its participation in any outstanding Swingline Loans; and
(B) in relation to any proposed Utilisation under the Swingline Facility, the amount of its participation in any Swingline Loans that are due to be made under the Swingline Facility on or before the proposed Utilisation Date, other than that Lender’s participation in any Swingline Loans that are due to be repaid or prepaid on or before the proposed Utilisation Date;
Examples of Available Swingline Commitment in a sentence
Each borrowing under the Swingline Commitment shall be in an amount equal to $100,000 or a whole multiple thereof (or, if the then Available Swingline Commitment is less than $100,000, such lesser amount).
The amount of a Bank’s Advance will, in the case of a Revolving Facility Advance, be the proportion of the Requested Amount which its Available Commitment bears to the Available Facility on the relevant Utilisation Date and, in the case of a Swingline Advance, the proportion of the Requested Amount which its relevant Available Swingline Commitment bears to the relevant Available Swingline Facility on the relevant Utilisation Date.
More Definitions of Available Swingline Commitment
Available Swingline Commitment has the meaning given to such term in paragraph 8.1.1 of Clause 8.1 (General).
Available Swingline Commitment of a Swingline Lender means (but without limiting Clause 8.4 (Relationship with the Revolving Facility)) that Lender's Swingline Commitment minus:
Available Swingline Commitment of a Swingline Lender means (but without limiting Clause 6.5 (Relationship with Facility C)) that Lender’s Swingline Commitment minus:
(A) the Base Currency Amount of its participation in any outstanding Swingline Loans; and
(B) in relation to any proposed Utilisation under the Swingline Facility, the Base Currency Amount of its participation in any Swingline Loans that are due to be made under the Swingline Facility on or before the proposed Utilisation Date, other than that Lender’s participation in any Swingline Loans that are due to be repaid or prepaid on or before the proposed Utilisation Date.
Available Swingline Commitment of a Swingline Lender means (but without limiting Clause 6.5 (Relationship with the Revolving Facility) that Lender’s Swingline Commitment minus:
(i) the Dollar Amount of its participation in any outstanding Swingline Advances; and
(ii) in relation to any proposed Utilisation under the Swingline Facility, the Dollar Amount of its participation in any Swingline Advances that are due to be made under the Swingline Facility on or before the proposed Drawing Date, other than that Lender’s participation in any Swingline Advances that are due to be repaid or prepaid on or before the proposed Drawing Date;
Available Swingline Commitment means, in relation to a Swingline Facility at any time, a Bank’s Swingline Commitment under that Swingline Facility less the aggregate amount of its share of any outstanding Swingline Advances under that Swingline Facility at that time, provided that (i) for the purposes of calculating any Bank’s Available Swingline Commitment on any day, any Swingline Advance which is due to be repaid or prepaid on such day shall be ignored and any Swingline Advance which is to be made on such day shall be taken into account, and (ii) such amount is not greater than the Bank’s (or any Bank of which it is a Swingline Affiliate) undrawn Commitment at that time. If it is greater, that Bank’s Available Swingline Commitment shall be an amount equal to that Bank’s (or any Bank of which it is a Swingline Affiliate) undrawn Commitment or zero, as the case may be.
Available Swingline Commitment of a Swingline Lender means the aggregate of that Swingline Lender’s:
Available Swingline Commitment means, as to the Swingline Lender, at any time of determination, an amount equal to the Swingline Commitment at such time minus the aggregate principal amount of all Swingline Loans then outstanding.