Credit Availability definition

Credit Availability means, at the relevant time of reference, the dollar amount equal to the lesser of (a) the Borrowing Base and (b) the Commitment, less, in each case, the sum of the aggregate outstanding principal amount of all Revolving Advances.

Credit Availability means, at any particular time, the amount by which the Maximum Credit Amount at such time exceeds the Loans outstanding at such time.

Credit Availability means the unutilised amount at any time of the Credit Limit with respect to any Buyer.

Examples of Credit Availability in a sentence

• In addition, if the Revolving Credit Availability is at any time less than the amount of contingent L/C Obligations outstanding at any time, the Borrower shall deposit cash collateral with the Agent in an amount equal to the amount by which such L/C Obligations exceed such Revolving Credit Availability.

• After giving effect to any Borrowing or the issuance of any Letter of Credit, Availability is not less than zero.

• During the Line of Credit Availability Period, Borrower may repay principal amounts and reborrow them.

• In addition, but without duplication of amounts deposited pursuant to the foregoing sentence, if the Revolving Credit Availability is at any time less than the amount of contingent L/C Obligations outstanding at any time, the Borrower shall deposit cash collateral with the Administrative Agent in an amount equal to 105.0% of the amount by which such L/C Obligations exceed such Revolving Credit Availability.

• In addition, if Revolving Credit Availability is at any time less than the amount of contingent L/C Obligations outstanding at any time, the Borrower shall deposit cash collateral with the Agent in an amount equal to the amount by which such L/C Obligations exceed such Revolving Credit Availability.

More Definitions of Credit Availability

Credit Availability means, as of any time the same is to be determined, the amount (if any) by which (a) the lesser of (1) the Available Amount as then determined and computed in accordance with this Agreement, and (2) the Commitments as then in effect, exceeds (b) the aggregate principal amount of Loans and L/C Obligations then outstanding.

Credit Availability means, at any particular time, the amount by which the Maximum Credit Amount at such time exceeds the Credit Obligations at such time.

Credit Availability means, at the relevant time of reference, the dollar or dollar equivalent amount equal to (i) in the case of the Revolving Loan, the lesser of (a) the Borrowing Base (after giving effect to the calculation of the BV Borrowing Base and (b) the Commitment, less, in each case, the sum of the aggregate outstanding principal amount of all Revolving Advances plus the Available Amount plus any unpaid Reimbursement Obligations; and (ii) in the case of the BV Loan, the lesser of (x) the BV Borrowing Base and (y) the Commitment less, in each case, the sum of the aggregate outstanding principal amount of BV Advances.

Credit Availability means the unutilised amount at any time of the Credit Limit with respect to any Buyer. “Credit Limit” means the limit for a Buyer set by IBM GF under this Agreement.

Credit Availability shall have the meaning given such term in Section 2.02(a).

Credit Availability. LIBOR", "Loans" and "Maturity Date" are deleted in their entirety and replaced with the following:

Credit Availability means the amount of open, unsecured credit that Roche is willing to extend to Chronimed at any one time in purchasing Fuzeon pursuant to this Agreement.