Credits Outstanding means at any time a determination thereof is made, an amount equal to the sum of (i) the outstanding principal amount of all Advances, plus (ii) the Yield that would accrue on the aggregate outstanding principal amount of the Advances through the sixty (60) day period following such date of determination, computed by reference to the Assignee Rate based upon the applicable Eurodollar Rates for a thirty (30) day period in effect as of the time of determination, plus (iii) the Aggregate Custodian's Advance Amount.

Credits Outstanding means, with respect to any date of determination, the result of (i) the Face Amount of Commercial Paper outstanding on such date plus (ii) the aggregate principal amount of and accrued interest on Liquidity Loans outstanding on such date minus (iii) amounts on deposit in the Commercial Paper Account, the Special Payment Account, any Collateral Account or the Series 2000-1 Collection Subaccount that are unconditionally available to repay the Face Amount of Commercial Paper and principal and interest on Liquidity Loans (or with respect to the Series 2000-1 Collection Subaccount, unconditionally available to repay principal and interest on the Series 2000-1 VFC Certificate which amounts are in turn unconditionally available to make such payments on the Commercial Paper and Liquidity Loans) in accordance with the terms of the Transaction Documents (provided, that any amounts on deposit in such accounts that represent amounts drawn on the Letter of Credit shall not reduce Credits Outstanding).

Examples of Credits Outstanding in a sentence

Notwithstanding any provision of this Agreement to the contrary, all Revolving Loans, all Credits Outstanding and any unpaid Reimbursement Obligations shall constitute one obligation of the Company to the Banks.
Whenever this Agreement shall refer to the amount of Revolving Loans, Credits Outstanding and/or Reimbursement Obligations of or made by or with respect to any Bank as of any date, it shall mean such Bank's share, based on such Bank's then Commitment Percentage, of all Revolving Loans, Credits Outstanding and/or Reimbursement Obligations as of such date.
Notwithstanding the foregoing, at no time shall the aggregate amount of Credits Outstanding and unpaid Reimbursement Obligations exceed TWENTY FIVE MILLION AND NO/100 DOLLARS ($25,000,000.00).
Recalculate Total Credits Outstanding (Principal Balance of Advances plus Accrued Interest for 30 days plus Accrued and Unpaid Yield plus Custodian Overdrafts Outstanding).
It agreed to amend CO - Progress with Credit Outstanding, to CO - Progress with Credits Outstanding.

More Definitions of Credits Outstanding

Credits Outstanding means, as of any date as of which the amount thereof shall be determined, the aggregate undrawn amount of all issued and outstanding Letters of Credit and Letter of Credit Guaranties but excluding any amounts which constitute unpaid Reimbursement Obligations as of such date.

Credits Outstanding means, as of any time, the aggregate current available balances of all issued and outstanding Letters of Credit.

Credits Outstanding means at any time a determination thereof is made, an amount equal to the sum of (i) the outstanding principal amount of all Advances, plus (ii) any unpaid and past due Yield accrued on the outstanding advances, plus (iii) the Yield that would accrue on the aggregate outstanding principal amount of the Advances through the sixty (60) day period following such date of determination, computed by reference to the Assignee Rate based upon the applicable Eurodollar Rates plus the Applicable Margin for a thirty (30) day period in effect as of the time of determination, plus (iv) the Aggregate Custodian’s Advance Amount plus (v) $150,000 plus (vi) an amount equal to the obligations of the Borrower described in clauses (ii), (iii), (iv), (v), (vi) and (vii) of the definition of “Permitted Debt” (including, without limitation, amounts owing to the Adviser under the Advisory Agreement and Permitted Expenses) reasonably expected to be incurred by the Borrower during the thirty (30) day period following such date of determination.

Credits Outstanding means, as of the close of business on any day (1) the Principal Component of all outstanding Secured Liquidity Notes, plus (2) the aggregate principal amount of outstanding Extended Notes, minus (3) the Deposited Funds then on deposit in the Collateral Account and allocable under Section 6.03 of the Security Agreement to the payment when payable of Principal Component or principal amount of Secured Liquidity Notes and Extended Notes outstanding under Section 6.03(a) or Section 6.03(b) of the Security Agreement, except to the extent that such funds are then subject to any writ, order, stay, judgment, warrant of attachment or execution or similar process.

Credits Outstanding means at any time a determination thereof is made, an amount equal to (i) the outstanding principal amount of all Advances, and (ii) the unpaid Yield accrued and to accrue on the outstanding Advances until the last day of the next succeeding calendar month for such Advances computed by reference to the Assignee Rate for a thirty (30) day period in effect as of the time of determination.

Credits Outstanding means at any time a determination thereof is made, an amount equal to the sum of (i) the outstanding principal amount of all Advances, plus (ii) any unpaid and past due Yield accrued on the outstanding advances, plus (iii) the Yield that would accrue on the aggregate outstanding principal amount of the Advances through the sixty (60) day period following such date of determination, computed by reference to the Assignee Rate based upon the applicable Eurodollar Rate plus the Applicable Margin for a sixty (60) day period in effect as of the time of determination, plus (iv) the Aggregate Custodian's Advance Amount plus $800,000 plus (v) an amount equal to the obligations of the Borrower described in clauses (ii) and (iv) of the definition of "Permitted Debt" (including, without limitation, amounts owing to the Adviser under the Advisory Agreement) reasonably expected to be incurred by the Borrower during the ninety (90) day period following such date of determination plus (vi) an amount equal to the obligations of the Borrower described in clauses (vi) and (vii) of the definition of "Permitted Debt".

Credits Outstanding means at any time a determination thereof is made, an amount equal to the sum of (i) the outstanding principal amount of all Advances, plus (ii) any unpaid and past due Yield accrued on the outstanding Advances, plus (iii) the Yield that would accrue on the aggregate outstanding principal amount of the Advances through the sixty (60) day period following such date of determination, computed by reference to the Assignee Rate based upon the applicable Eurodollar Rates plus the Applicable Margin for a thirty (30) day period in effect as of the time of determination, plus (iv) the Aggregate Custodian’s Advance Amount plus (v) $150,000 plus (vi) an amount equal to the obligations of the Borrower described in clauses (ii), (iii), (iv), (v), (vi) and (vii) of the definition of “Permitted Debt” (including, without limitation, amounts owing to the Adviser under the Advisory Agreement and Permitted Expenses) reasonably expected to be incurred by the Borrower during the thirty (30) day period following such date of determination, plus (vii) with respect to any Quarterly Share Repurchase, commencing on the Repurchase Offer Date with respect to such Quarterly Share Repurchase through the consummation of such Quarterly Share Repurchase, the Repurchase Offer Amount of such Quarterly Share Repurchase.