We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Credit Excess definition

Credit Excess means, as at a particular date, the amount, if any, by which the aggregate amount of credit outstanding under the Credit Facility as at the close of business on such date exceeds the amount of the Credit Facility as at the close of business on such date.
Credit Excess means, as at a particular date, the amount, if any, by which the aggregate amount of Accommodations outstanding under the RT Facility as at the close of business on such date exceeds the RT Credit Limit as at the close of business on such date.
Credit Excess means, as at a particular date and with respect to the RCF Facility, the amount, if any, by which the aggregate amount of credit outstanding thereunder as at the close of business on such date exceeds the Total Commitment Amount in respect of the RCF Facility as at the close of business on such date.

Examples of Credit Excess in a sentence

  • In the event that the Credit Excess with respect to a particular Credit Facility at any time exceeds 3% of the aggregate amount of credit outstanding under such Credit Facility at such time, the Borrowers shall repay to the relevant Lenders, upon the demand of the Agent, the amount of the Credit Excess with respect to such Credit Facility at such time.

  • In the event that there is a Credit Excess at any time under the Facility, the Borrower shall repay to the Lenders on demand the amount of such Credit Excess.

  • The Borrower shall repay to the Agent for the account of the Lenders on demand by the Agent the amount of any Credit Excess existing from time to time, any such repayment to be made no later than one Business Day after the making of such demand.

  • To the extent any such Credit Excess results solely from currency fluctuations, no such demand shall be made (unless a Default has occurred and is continuing) unless the amount of any such Credit Excess at the time of such demand exceeds 103% of the amount of the Credit Facility at such time.

  • If the dollar amount of the earned fee credit exceeds the dollar amount of the District Fee that would otherwise be due from the Developer (the "Fee Credit Excess"), the County Engineer will identify in the Notice that the Fee Credit Excess will generate either: (i) a cash reimbursement to the Developer or (ii) an earned fee credit to offset the District Fee required on another approved tract or parcel map to be developed by the Developer within the District.

  • The Borrower shall repay to the Administrative Agent for the account of the Lenders the amount of any Credit Excess existing from time to time on account of a reduction of the Credit Limit, any such repayment to be made no later than the date of the scheduled reduction of the amount of the Credit Limit pursuant to Section 2.3.

  • Table-3: Pairwise Granger Causality Tests of Broad Money (M2), Private Sector Credit, Excess LiquidityPairwise Granger Causality Tests, Sample period: 2004:07 2013:01, Null Hypothesis: Obs F-Statistic ProbabilityGRM2 does not Granger Cause GRDGEN 87 0.34 0.85 GRDGEN does not Granger Cause GRM2 1.63 0.17GR_EXLIQ does not Granger Cause 87 2.

  • The Borrowers shall repay to the Agent, for the account of the Lenders, the amount of any Credit Excess with respect to the Credit Facility existing from time to time, to the extent any Canadian Prime Rate Advance, Base Rate (Canada) Advance, or Base Rate (United States) Advance is outstanding, on the first (1st) Business Day following the date of demand by the Agent.

  • In the event that there is a Credit Excess that is greater than or equal to 105% of the Credit Facility, and such Credit Excess is continuing for five consecutive Banking Days or more, the Borrower shall repay to the Lenders on demand the amount of such Credit Excess.

  • Travelers endorse the check and write, "Payable to the DHHS/National Institutes of Health" below their signature.


More Definitions of Credit Excess

Credit Excess means, as at a particular date and with respect to the Credit Facility, the amount, if any, by which the aggregate amount of credit outstanding under the Credit Facility as at the close of business on such date exceeds the Total Commitment Amount in respect of the Credit Facility as at the close of business on such date.
Credit Excess means, as at a particular date and with respect to the Facility, the amount, if any, by which the aggregate amount of credit outstanding under the Facility as at the close of business on such date exceeds (a) the Credit Limit as at the close of business on such date, or (b) from and after the date on which the Administrative Agent has delivered notice in writing to the Borrower in accordance with Section 11.4(e), the Total Commitment Amount as at the close of business on such date.”
Credit Excess means, as at a particular date, the amount, if any, by which the amount of credit outstanding under the Revolving Facility as at the close of business on such date exceeds the Revolving Credit Cap as at the close of business on such date.
Credit Excess has the meaning specified in Section 2(b);
Credit Excess means, as at a particular date and with respect to a particular Credit Facility, the amount, if any, by which the aggregate amount of credit outstanding under such Credit Facility as at the close of business on such date

Related to Credit Excess

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Loans and its LC Exposure at such time.

  • Available Commitment means a Lender’s Commitment minus:

  • Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Loans and its LC Exposure at such time.