Credit Excess definition

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 the Total Commitment Amount in respect of the Facility as at the close of business on such date.
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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.
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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 exceeds the amount of such Credit Facility (as such amount may be reduced from time to time pursuant to the terms hereof) as at the close of business on such date.
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Examples of Credit Excess in a sentence

  • Notwithstanding the foregoing, any Credit Excess that is a result of currency fluctuations shall be addressed in accordance with Section 2.12.

  • 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.


More Definitions of Credit Excess

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.”
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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.
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Credit Excess has the meaning specified in Section 2(b);
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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
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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.
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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 at such time.

  • Refunded Swing Line Loans as defined in Section 2.3(b)(iv).

  • Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • 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.

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • Letter of Credit Maximum Amount means $5,000,000; provided that, on and after the Maturity Date, the Letter of Credit Maximum Amount shall be zero.