Facility A Loan Availability definition

Facility A Loan Availability means, at any time, an amount equal to the lesser of the Facility A Loan Commitment minus the Facility A Letter of Credit Obligations.
Sample 1
Facility A Loan Availability has the meaning attributed thereto in Paragraph 3 of this Agreement.
Sample 1
Facility A Loan Availability has the meaning attributed thereto in Paragraph 5 of this Agreement.
Sample 1

Examples of Facility A Loan Availability in a sentence

  • In the event the aggregate outstanding principal balance of all Facility A Loans and Letter of Credit Obligations hereunder exceeds the Facility A Loan Availability, the Borrower shall, without notice or demand of any kind, immediately make such repayments of the Facility A Loans or take such other actions as are satisfactory to the Bank as shall be necessary to eliminate such excess.

  • Councillor Matthews left the chamber at 10.44pm, did not return and did not participate in discussion and voting.Moved: Councillor Holstein Seconded: Councillor MacGregor Resolved1157/18 That Council receive the report on 2018/19 Capital Works Project Status.

  • Provided further that if such next Fiscal Month’s Monthly Borrowing Base Report or next week’s (or other time as aforesaid) Other Borrowing Base Report, as the case may be, is not received by the Lender on or before the fifth (5th ) Business Day of the Fiscal Month or first (1st) Business Day of the week or other time as aforesaid, the Facility A Loan Availability shall be zero until such report has been received by the Lender and the Lender has calculated the Facility A Loan Availability based thereon.

  • Borrower shall immediately pay to Lender the amount, if any, by which the aggregate unpaid principal amount of Facility A Loan from time to time exceeds the lesser of the Maximum Facility A Amount or the Facility A Loan Availability, together with all interest accrued and unpaid on the amount of such excess.

  • In the event the aggregate outstanding principal balance of all Facility A Loans and Distribution Letter of Credit Obligations hereunder exceeds the Facility A Loan Availability, the Distribution Borrowers shall, without notice or demand of any kind, immediately make such repayments of the Facility A Loans or take such other actions as are satisfactory to the Lender as shall be necessary to eliminate such excess.

  • Lender shall, upon receipt of Facility A Weekly Borrowing Base Report and any additional information requested, calculate the then existing Facility A Loan Availability and advise Borrower accordingly.

  • To the extent that the then Facility A Loan Availability is less than Twenty-five Million Dollars ($25,000,000), the Lender shall retain an amount equal to such difference, shall not transfer such amount pursuant to Paragraph 6(b) of this Agreement, and shall continue to hold such amount as cash collateral pursuant to the cash collateral agreement contemplated in Paragraph 13(e) of this Agreement.

Related to Facility A Loan Availability

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Canadian Availability means (a) the lesser of (x) the Canadian Sublimit and (y) the sum of (i) the Canadian Borrowing Base plus (ii) solely to the extent the total Revolving Exposure relating to the Canadian Borrower exceeds the Canadian Borrowing Base, the US Availability (calculated without giving effect to any Canadian US Borrowing Base Utilization), minus (b) the total Revolving Exposure relating to the Canadian Borrower.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Maximum Availability means, as of any date of determination, the difference of (i) the Facility Amount minus (ii) the balance of all unfunded Advances approved but not yet funded minus (iii) the Aggregate Unfunded Amount plus (iv) all amounts on deposit in the Unfunded Exposure Account, each as of such date of determination.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage.

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Availability Block means $15,000,000.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Total loan amount means the principal of the loan minus those