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, 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);

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.

• 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.

• COMMITMENT If a Term Bank's relevant 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 relevant Available Term Facility, then the amount (and, in the case of a Term A2 Advance, the Euro Amount) of that Term Advance shall be reduced accordingly.

• Any such cancellation shall reduce the Available Term Commitment and Term Commitment of the Banks rateably.

• To compensate the Lenders for maintaining funds available, the Borrowers shall pay to the Agent for the account of the Lenders a fee in the amount of three-eighths of one percent (.375%) per annum, calculated on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed (including the first day but excluding the last day), on the average daily amount of the sum of (a) the Available Revolving Commitment and (b) the Available Term Commitment.

More Definitions of Available Term Commitment

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.

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 Lender at any time and save as otherwise provided herein, the aggregate of its Available Term A1 Commitment, its Available Term A2 Commitment and its Available Term B Commitment at such 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, in relation to a Bank 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, the aggregate of its Available Tranche A Term Commitment and its Available Tranche B Term Commitment;

Available Term Commitment means, with respect to any Term Lender at any time, the amount equal to the excess, if any, of (a) such Lender’s Term Commitment (if any) then in effect over (b) the aggregate principal amount of the Term Loans borrowed from such Lender (including any amounts outstanding and any amounts repaid).