Funding Availability Period definition

Funding Availability Period means the period commencing on April 1, 2020 and ending on the earliest to occur of (i) the Funding Date on which the Term Loans are funded in full and no Commitments remain unused, (ii) the fourth Funding Date and (iii) 5:00 p.m. Eastern time on July 21, 2020.
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Funding Availability Period means the period from and including the Effective Date to, and including, the Commitment Termination Date.
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Funding Availability Period means the period from and including the Effective Date to, and including, the Commitment Termination
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Examples of Funding Availability Period in a sentence

  • Unless previously terminated, the Commitment of each Lender shall automatically terminate upon the termination of the Funding Availability Period.

  • Notwithstanding anything to the contrary herein, the Borrower may request up to four (4) Borrowings (which, for the avoidance of doubt, shall not include any Conversions or continuations of existing Borrowings) during the Funding Availability Period.

  • Subject to the terms and conditions of this Agreement and the other Credit Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Credit Documents, each Lender severally agrees to make Term Loans to the Borrower during the Funding Availability Period in an aggregate principal amount for all Term Loans made by such Lender not to exceed such Lender’s Commitment; provided that there shall be no more than four (4) Funding Dates.

  • Notwithstanding anything to the contrary herein, the Borrower may request up to three (3) Borrowings (which, for the avoidance of doubt, shall not include any Conversions or continuations of existing Borrowings) during the Funding Availability Period.

  • Subject to the terms and conditions set forth herein, during the Third Additional Funding Availability Period, each Term Lender agrees to make a Third Additional Term Loan to the Borrower on the Third Additional Funding Date denominated in Dollars in a principal amount equal to its Third Additional Term Loan Commitment.

  • Subject to the terms and conditions set forth herein, during the First and Second Additional Funding Availability Period, each Term Lender agrees to make a First Additional Term Loan to the Borrower on the First Additional Funding Date denominated in Dollars in a principal amount equal to its First Additional Term Loan Commitment.

  • Subject to the terms and conditions set forth herein, during the First and Second Additional Funding Availability Period, each Term Lender agrees to make a Second Additional Term Loan to the Borrower on the Second Additional Funding Date denominated in Dollars in a principal amount equal to its Second Additional Term Loan Commitment.

  • The Third Additional Term Loan Commitment of each Lender shall be automatically and permanently reduced to $0 upon the earlier of (i) the making of such Xxxxxx’s Third Additional Term Loans on the Third Additional Funding Date and (ii) the expiration of the Third Additional Funding Availability Period.

  • Subject to Section 2.17(b), the Borrower agrees to pay to the Agent, for the account of each Lender, a ticking fee (the “Ticking Fee”), which shall accrue at a rate per annum equal to 0.080% on the daily amount of such Xxxxxx’s Commitment during the period from and including the fortieth day after the Closing Date to but excluding the date on which the Funding Availability Period terminates (such period, the “Ticking Fee Accrual Period”).

  • Unless previously terminated, the Commitment of the Lender shall automatically terminate upon the termination of the Funding Availability Period.


More Definitions of Funding Availability Period

Funding Availability Period means the period commencing on the Closing Date and ending on the earliest to occur of (a) the Funding Date and (b) 5:00 p.m. New York City time on March 31, 2023.
Sample 1
Funding Availability Period means the period commencing on the Closing Date and ending on the earliest to occur of (i) the Funding Date on which the Term Loans are funded in full and no Commitments remain unused, (ii) the second Funding Date, (iii) the date the Closing Date Acquisition Agreement is terminated without the consummation of the Closing Date Acquisition, (iv) the payment or satisfaction in full of all of the Indebtedness of InfraReit, Inc.’s Subsidiaries to be paid or otherwise satisfied in connection with the Closing Date Acquisition, and (v) the Maturity Date, regardless of whether any Funding Date actually occurs.
Sample 1

Related to Funding Availability Period

  • 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.

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

  • 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.

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

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

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

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

  • 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.

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

  • 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.

  • 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.

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

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Minimum L/C Collateral Amount means, at any time, in connection with any Letter of Credit, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 102% of the Revolving L/C Exposure with respect to such Letter of Credit at such time and (ii) otherwise, an amount sufficient to provide credit support with respect to such Revolving L/C Exposure as determined by the Administrative Agent and the Issuing Banks in their sole discretion.

  • 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.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • 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.

  • Availability Block means $15,000,000.

  • Available Commitment means a Lender’s Commitment minus:

  • 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.

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.

  • 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.