Available Term Commitment definition

Available Term Commitment as to any Term Lender at any time, an amount equal to the excess, if any, of (a) such Lender's Term Loan Commitment then in effect over (b) such Lender's Term Loans then outstanding.

Available Term Commitment means, in relation to a Bank at any time and save as otherwise provided herein, its Term Commitment at such time less the aggregate of its share of the Original Guilder Amount of the Term Advances which are then outstanding.

Available Term Commitment means, at any date with respect to any Term Bank, the amount equal to the Term Loan Commitment of such Term Bank then in effect minus the aggregate amount of Term Loans made by such Term Bank which are then outstanding; provided that, for each day after the Merger Date, the Available Term Commitment of each Term Bank shall be deemed to be zero.

Examples of Available Term Commitment in a sentence

• If a Bank's relevant Available Term Commitment is reduced in accordance with the terms hereof after the Agent has received the Notice of Drawdown for a Term Advance and such reduction was not taken into account in calculating the relevant Available Term Facility, then the amount of that Term Advance shall be reduced accordingly.

• COMMITMENT If a Bank's Available Term Commitment is reduced in accordance with the terms hereof after the Facility Agent has received the Notice of Drawdown for a Term Advance and such reduction was not taken into account in the Available Term Facilities, then both the amount of that Term A Advance or, as the case may be, the Original Dollar Amount of that Term B Advance shall be reduced accordingly.

• ADVANCES A Bank for whose account a repayment is to be made under Clause 12.7 (Repayment of a Bank's Share of the Loan) shall not be obliged to participate in the making of Advances on or after the date upon which the Agent receives the Principal Borrower's notice of its intention to procure the repayment of such Bank's share of the Loan, and such Bank's Available Term Commitment and Available Revolving Commitment shall be reduced to zero.

• Each Lender will participate through its Facility Office in each Term Advance made pursuant to Clause 3.1 (Utilisation Conditions for Term Advances) in the proportion borne by its relevant Available Term Commitment to the relevant Available Term Facility immediately prior to the making of that Term Advance.

• If a Lender's relevant Available Term Commitment is reduced in accordance with the terms hereof at the option of the Borrower after the Agent has received the Notice of Drawdown for a Term Advance and such reduction was not taken into account in calculating the relevant Available Term Facility, then the amount of that Term Advance shall be reduced accordingly.

More Definitions of Available Term Commitment

Available Term Commitment means, in relation to a Lender and at any time, its Term Commitment less its Term Contribution at that time (and “Total Available Term Commitments” means the aggregate of the Available Term Commitments of all the Lenders);

Available Term Commitment means, in relation to a Lender at any time and save as otherwise provided herein, the aggregate of its Available Term A Commitment and its Available Term B Commitment at such time.

Available Term Commitment means, in relation to a Bank at any time and save as otherwise provided herein, its Term Commitment at such time LESS the aggregate of its share of the Original Term Advances which are then outstanding.

Available Term Commitment means, in relation to a Bank, the aggregate of its Available Tranche A Term Commitment and its Available Tranche B Term Commitment;

Available Term Commitment means, in relation to a Lender and at any time, its Term Commitment less its Term Contribution at that time.

Available Term Commitment at any time, the amount equal to the excess, if any, of (a) the Aggregate Term Commitment at such time over (b) the aggregate principal amount of the Term Loans of the Term Lenders theretofore made.

Available Term Commitment means the Available Term A Commitment and the Available Term B Commitment.