Line of Credit Availability definition

Line of Credit Availability means the amount of money that, at the end of any fiscal quarter of the borrower under the Bank Debt of the Line of Credit, is not outstanding and has not been committed for a purpose other than the payment of the Impositions, reserves required under the Loan Documents, the purchase of an Interest Rate Hedge to replace any Interest Rate Hedge pledged to Lender under the Loan Document, the re-tenanting of any Mortgaged Property subject to a Master Lease, which Master Lease has been terminated or has expired, or capital expenditures to be made on any Mortgaged Property.
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Line of Credit Availability means the principal amount under the Line of Credit available to be Advanced to Borrower from time to time as determined by Section 2.1(b) of this Agreement.
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Line of Credit Availability mean the amount, as of the date on which Unencumbered Liquid Assets is calculated, which is available for borrowing by Xxxxxxx X.X. under any line of credit. For purposes of this covenant, the Line of Credit Availability shall be zero at any time an uncured default (beyond any applicable notice or cure period) exists under the loan documents for such line of credit.
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Examples of Line of Credit Availability in a sentence

  • As a tenet of our company culture, we establish and adhere to specific financial targets and ratios including: • Line of Credit Availability • Debt – Equity Ratio • Interest Coverage Ratio • Loan – Value Ratio • General Expenses as ratio to Revenue Operational Preparedness – Diversification In addition to ensuring our financial preparedness via capital availability and a conservative balance sheet, we have been successful in diversifying our operational composition over the past 15 years.

  • Councillors, other than members of The Executive, will be required to be available to open tenders on the basis of a rota drawn up by the Executive Head of Legal & Democratic Services.

  • The Line of Credit Availability Period is: [….] months from the effective date of this Agreement.

  • Line of Credit Availability 65TABLE 3.A. 2 BANK BORROWING (% NEW INVESTMENTS) 66Table 4.

  • Availability Period (xxxx and write the relevant box, leave blank inappropriate box): The Line of Credit Availability Period is: [….] months from the signing date of this Agreement.

  • Borrower may draw on the Line of Credit during the Line of Credit Availability Period, unless (i) a Default or an Event of Default has occurred and is continuing or (ii) Borrower has failed to satisfy any condition hereunder to such borrowing and Bank has refused to waive such condition.

  • The utilization fee shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Line of Credit Availability Period (and, if applicable, thereafter on demand).

  • The Line of Credit is a revolving line of credit, and during the Line of Credit Availability Period, subject to the terms and conditions of this agreement, Borrower may repay principal amounts and reborrow them.

  • This fee is due and payable each calendar quarter in arrears, and is due on the tenth (10th) day of each of the following months during the Line of Credit Availability Period: October, January, April and July, respectively, except a prorated fee for the first partial quarter shall be due in January 2014 and for the final quarter shall be due and payable on the Line of Credit Expiration Date.

  • The Line of Credit Availability Period is: [….] months from the date of [….].


More Definitions of Line of Credit Availability

Line of Credit Availability means the lesser of: (a) the Line of Credit Loan Amount and (b) the Borrowing Base Amount.
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Line of Credit Availability for any date means (a) U.S.
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Line of Credit Availability for any date means (a) U.S. $12,500,000 LESS (b) the Excess Foreign Exchange Amount on such date.
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Line of Credit Availability the availability, subject to the terms of this Agreement, to Holdings of Advances up to but not exceeding the aggregate amount of the Line of Credit at any one time.
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Related to Line of Credit Availability

  • Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

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

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • 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.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

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

  • Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

  • 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.

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

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Canadian Availability means, at any time, an amount equal to (a) the lesser of (i) the aggregate Canadian Revolving Commitments at such time and (ii) the Canadian Borrowing Base at such time, minus (b) Commitment Reserves established with respect to the Canadian Loan Parties and/or the Canadian Collateral at such time minus (c) the Aggregate Canadian Credit Exposure at such time.

  • 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.

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

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • 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 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.

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • Credit Line as defined in Section 2.1.

  • Maximum Availability has the meaning set forth in Section 2.1.1.

  • Revolving Credit Aggregate Commitment means Seventy-Five Million Dollars ($75,000,000), subject to reduction or termination under Sections 2.11 or 9.2 hereof.

  • Letter of Credit Limit means $5,000,000.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.