Maximum Available Commitment definition

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.

Maximum Available Commitment means an amount, if any, equal to the excess of the Revolving Loan Commitment minus the outstanding principal amount of all Revolving Loans.

Maximum Available Commitment with respect to any Primary Liquidity Facility, has the meaning specified therein.

Examples of Maximum Available Commitment in a sentence

• Each Interest Advance made hereunder shall automatically reduce the Maximum Available Commitment and the amount available to be borrowed hereunder by subsequent Advances by the amount of such Interest Advance (subject to reinstatement as provided in the next sentence).

• Each Interest Advance made hereunder shall automatically reduce the Maximum Available Commitment (based on the Required Amount as recalculated as a result of making such Interest Advance) and the amount available to be borrowed hereunder by subsequent Advances by the amount of such Interest Advance (subject to reinstatement as provided in the next sentence).

• Each Interest Advance made hereunder shall automatically reduce the Maximum Available Commitment by the amount of such Interest Advance (subject to reinstatement as provided in the next sentence).

• Each Revolving Loan shall be in the principal amount of the lesser of (i) $100,000 or a multiple thereof, or (ii) the Maximum Available Commitment.

• The Borrower shall, for United States federal income tax purposes and for all purposes hereunder, treat such payments as Interest Advances, and, as such, will treat such payments as loans made by the Liquidity Provider to the Borrower, unless otherwise required by law (it being understood and agreed that the treatment of such additional amounts shall not reduce the Maximum Available Commitment hereunder).

More Definitions of Maximum Available Commitment

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, however, -------- ------- that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

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, subject to Section 2.06(d), following a Provider Advance, a Special Termination Advance or a Final Advance, the Maximum Available Commitment shall be zero. Revolving Credit Agreement (Class AA) (American Airlines 2019-1 Aircraft EETC)

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.

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; provided, further, that the Maximum Available Commitment for purposes of calculating the amount of any Non-Extension Advance or Downgrade Advance shall be (a) the then Required Amount (calculated on the basis of a Capped Interest Rate of 19.48% per annum) less (b) the aggregate amount of each Interest Advance outstanding at such time.

Maximum Available Commitment means at any particular time, an amount equal to the difference between (i) $1,500,000.00 and (ii) the unpaid principal balance outstanding at such time under the Loan.

Maximum Available Commitment has the meaning specified in the Primary Liquidity Facility.

Maximum Available Commitment. At any time an amount equal to (a) the lesser of (i) the sum of the Borrowing Base as of such time or (ii) the Revolving Commitment Amount at such time, less (b) the sum of (i) the aggregate face amount of any Letters of Credit issued by the Lender or any of its Affiliates for the account of either Borrower, or (ii) any other extensions of credit by the Lender or any of its Affiliates to either Borrower.