Available Unused Commitments definition

Available Unused Commitments as of the date of determination thereof, the aggregate amount by which (a) the aggregate amount of commitments under revolving credit facilities and revolving lines of credit of the Borrower and its Consolidated Subsidiaries exceeds (b) the aggregate principal amount of outstanding loans and advances under such revolving credit facilities and revolving lines of credit.
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Available Unused Commitments means, as of any date of determination, the total of (a) the lesser of the Aggregate Commitments and the Borrowing Base minus (b) Total Outstandings.
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Examples of Available Unused Commitments in a sentence

  • Each Global Revolving Facility Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Applicable Agent, for the account of the applicable Swingline Foreign Currency Lender, such Global Revolving Facility Lender's ratable share (based on Available Unused Commitments) of such Swingline Foreign Currency Loan or Loans.

  • Promptly upon receipt of such notice, the Applicable Agent will give notice thereof to each such Lender, specifying in such notice such Lender's U.S. Revolving Facility Percentage or such Global Revolving Facility Lender's ratable share (based on Available Unused Commitments), as applicable, of such Swingline Loan or Loans.

  • Notwithstanding anything herein to the contrary, no assignment of any Commitment or any Loan shall be permitted hereunder without the prior written consent of the Borrower (in its sole and absolute discretion) if, after giving effect to such assignment, the Designated Lenders collectively would hold less than 51% of the sum of all Loans (other than Swingline Loans) outstanding, all Revolving L/C Exposures, all Swingline Exposures and all Available Unused Commitments.

  • Notwithstanding anything to contrary set forth herein, the Borrower shall be permitted to request, in accordance with the mechanics set forth in Section 2.03, a final Construction Borrowing to be extended on the Term Conversion Date in an amount equal to all then Available Unused Commitments of the Construction/Term Lenders under the Construction Facility.

  • Each Global Revolving Facility Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Applicable Agent, for the account of the applicable Swingline Foreign Currency Lender, such Global Revolving Facility Lender’s ratable share (based on Available Unused Commitments) of such Swingline Foreign Currency Loan or Loans.

  • Promptly upon receipt of such notice, the Applicable Agent will give notice thereof to each such Lender, specifying in such notice such Lender’s U.S. Revolving Facility Percentage or such Global Revolving Facility Lender’s ratable share (based on Available Unused Commitments), as applicable, of such Swingline Loan or Loans.