Loan Availability definition

Loan Availability shall have the meaning given in Section 2.1 hereof.

Loan Availability means the amount available for Advances under this Agreement on any date as determined in accordance with the Availability Statement submitted to WFFPC on such date in accordance with Section 3.3.

Loan Availability means the amount of the Facility from time to time.

Examples of Loan Availability in a sentence

• Any Letter of Credit that shall have an expiration date after the end of the Revolving Loan Availability Period shall be subject to Cover or backed by a standby letter of credit in form and substance, and issued by a Person, acceptable to Agent in its sole discretion.

• In the event the aggregate outstanding principal balance of all Revolving Loans hereunder exceed the Revolving Loan Availability, Borrower shall, upon notice or demand from Lender, immediately make such repayments of the Revolving Loans or take such other actions as shall be necessary to eliminate such excess.

• D Loan Availability Dates Initial loans are available October 1 through September 30.

• In the event the aggregate outstanding principal balance of all Revolving Loans hereunder exceed the Revolving Loan Availability, Borrowers shall, upon notice or demand from Lender, immediately make such repayments of the Revolving Loans or take such other actions as shall be necessary to eliminate such excess.

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

More Definitions of Loan Availability

Loan Availability means the lesser of (a) the Commitment Amount or (b) the Borrowing Base minus the aggregate Advances and other Obligations outstanding under this Agreement.

Loan Availability means the Commitments of all of the Lenders.

Loan Availability. Supermajority Lenders," or "Pro Rata Shares";

Loan Availability. That portion of the Revolving Commitment Amount determined by Agent to be available to be advanced as more particularly described in Section 2.B.3.

Loan Availability means the maximum amount available to be borrowed ----------------- hereunder in compliance with the covenants contained in Section 5.8(e) and (i), but in no event to exceed the aggregate Commitments.

Loan Availability means, as of any time, the Commitment in effect at such time less the sum of (a) the aggregate principal amount of Loans outstanding at such time, (b) the aggregate amount of Credit Enhancement Obligations (other than Credit Enhancement Obligations that have become Loans pursuant to Section 2.4(f)) outstanding as of such time, and (c) the unused Univation Commitment.

Loan Availability the amount by which the Borrowing Base exceeds the Loan.