Available Term Loan Commitment definition

Available Term Loan Commitment means, on any date of determination, an amount equal to the then unfunded amount of the outstanding Term Loan Commitments on such date, if any.

Available Term Loan Commitment means, as to any Term Loan Lender, at any time, an amount equal to the excess, if any, of (a) the amount of such Lender's aggregate Term Loan Commitment, minus (b) the aggregate principal amount of all Term Loans made by such Lender prior to such time, minus (c) any portion of the Term Loan Commitment of such Lender terminated pursuant to Section 2.7 of this Agreement.

Available Term Loan Commitment means (a) at any time prior to the Term Loan Maturity Date, the Total Term Loan Commitment at such time minus the aggregate outstanding amount of the Term Loans at such time, and (b) after the conditions set forth in clause (a) are satisfied, zero.

Examples of Available Term Loan Commitment in a sentence

• Each borrowing pursuant to the Term Loan Commitment shall be in an aggregate principal amount of (A) the lesser of (x) $50,000 or whole multiples thereof, and (y) the Available Term Loan Commitment, with respect to Prime Rate Loans, and (B) at least $250,000 with respect to LIBOR Loans.

• Each Lender, severally and not jointly, agrees to ---------- lend to Borrower, during the period commencing on the date all conditions precedent set forth in Subsections 7.1 and 7.2 are satisfied or waived as provided herein and ending on the Term Loan Availability Expiration Date, its Pro Rata Share of each Term Loan; provided that the aggregate principal amount -------- of all Term Loans advanced may not exceed the Available Term Loan Commitment.

• Under the Amended Term Loan Facility, subject to the terms and conditions hereof, the Company may have outstanding, from time to time, an aggregate principal amount at any one time not in excess of the Available Term Loan Commitment in effect on such date.

• Within the limits of each Lender's Available Term Loan Commitment, Borrower may request Term Advances of Dollars from Lenders.

• Such fee is computed daily by the Administrative Agent on the daily balance of the Available Term Loan Commitment of such Term Loan Lender, as of and from the date of this Agreement until the expiry of the Certain Funds Period.

More Definitions of Available Term Loan Commitment

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

Available Term Loan Commitment means, as to any Term Loan Lender, at any time, an amount equal to such Term Loan Lender's Available Class A Commitment and Available Class B Commitment.

Available Term Loan Commitment means at any time the Term Loan Commitment reduced by the aggregate outstanding principal amount of the Term Loans.

Available Term Loan Commitment means, at any time, the difference equal to (a) the "Commitment" as defined in the Term Loan Agreement minus (b) the aggregate original principal amount of Term Loans issued under the Term Loan Agreement.

Available Term Loan Commitment as at any date of determination with respect to any Lender, an amount in U.S. Dollars equal to the excess, if any, of (a) the amount of such Lender's Term Loan Commitment in effect on such date over (b) the aggregate principal amount of Term Loans theretofore made hereunder by such Lender.

Available Term Loan Commitment as at any date of determination with respect to any Initial Term Loan Lender, an amount equal to the excess, if any, of (a) such Lender’s Term Loan Commitment then in effect over (b) such Lender’s Initial Term Loans then outstanding.

Available Term Loan Commitment means, at any time, the difference equal to (a) the "Commitment" as defined in the Term Loan agreement minus (b) the aggregate original principal amount of loans issued under the Term Loan agreement.