Maximum Line Availability definition

Maximum Line Availability means the line of credit made available to the Borrower under this Agreement (subject to the proviso at the end of this definition) in the maximum principal amounts during the following periods indicated: Period Maximum Line Availability ------ ------------------------- December 22,1999 up to the Maturity Date $6,900,000 Maturity Date 0 provided, however, the Maximum Line Availability shall be -------- ------- permanently reduced by any proceeds received by the Borrower or Bank pursuant to Sections 2.01(g) or 5.16 hereof.
Sample 1
Maximum Line Availability means the line of credit made available to the Borrower under this Agreement (subject to the proviso at the end of this definition) in the maximum principal amounts during the following periods indicated: Period Maximum Line Availability April 29, 1999 through April 30, 1999 $8,700,000 May 1, 1999 through August 31, 1999 $8,400,000 September 1, 1999 through September 30, 1999 $7,800,000 October 1, 1999 through October 31, 1999 $7,500,000 November 1, 1999 through November 30, 1999 $7,200,000 December 1, 1999 through January 3, 2000 $6,900,000 Thereafter 0 provided, however, (i) upon the Borrower's receipt of the Second Tax Refund during the period from May 1, 1999 through August 31, 1999, the Maximum Line Availability referenced above shall be further permanently reduced from $8,400,000 to $8,100,000 and (ii) the Maximum Line Availability shall be permanently reduced by any proceeds received by the Borrower or Bank pursuant to Sections 2.01(g) or 5.16 hereof.
Sample 1
Maximum Line Availability means the line of credit made available to the Borrower under this Agreement (subject to the proviso at the end of this definition) in the maximum principal amounts during the following periods indicated: Period Maximum Line Availability ------ ------------------------- October 1, 1999 through January 2, 2000 $7,400,000 January 3, 2000 up to the Maturity Date $6,800,000 Maturity Date 0 PROVIDED, HOWEVER, (i) the Maximum Line Availability shall be permanently reduced to $5,995,000 or $4,250,000 respectively, to the extent the Borrower has complied with Sections 2.11(A) or 2.11(B) hereof and (ii) the Maximum Line Availability shall be permanently reduced by any proceeds received by the Borrower or Bank pursuant to Sections 2.01(g) or 5.16 hereof.
Sample 1

Examples of Maximum Line Availability in a sentence

  • To sum up, we NEED a newsletter and it is the responsibil- ity of every one of us to make it better! http://www.chemchina.com.cn 1 Newsletter October 2007 Training Class Introduces Water Conservation Solutions from Multiple Perspectives By Li Bingmei From August 23 to 24, ChemChina held a training class in Beijing introducing technologies for water conservation and waste reduction.

  • Requests for payment received later than forty-five (45) days after the FY2017 Agreement end date will not be paid.

  • Prior to the Maturity Date, and except as otherwise provided in this Agreement, the Borrower may borrow, repay and re-borrow within the limits of the Maximum Line Availability.

  • Article 16 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council 3) empowers the European Banking Authority (EBA) to issue guidelines to ensure the common, uniform and consistent application of Union law and requires that competent authorities and financial institutions to which such guidelines are addressed make every effort to comply with such guidelines.

  • Within ten days of ------------------ ------------------------------ receipt, the Borrowers shall pay to the Bank as a prepayment of the Loans to be applied as a permanent reduction of the Maximum Line Availability an amount equal to 100% of any net proceeds, including without limitation any royalties or other payments whether scheduled or otherwise, received from any licensing agreement entered into by the Borrower or its Subsidiary after May 8, 2000.

  • Thank you OAMR!REGION 1 BOARD REPORT‌Meeting Date: September 17, 2015 Contact: Kathy Payne, Director Source of Item: Region 1 Contact Telephone Number: 503-366-8217 Contact E-Mail: kathy@ci.st-helens.or.us ISSUE STATEMENTInformational only.

  • Even the most involved UCD researchers spend only part of their time studying UCDs and treating UCD patients.

  • Within fifteen Business Day of the date of receipt by the Borrower or any of its Subsidiaries of any insurance or condemnation proceeds (less any reasonable related costs and expenses), the Borrower shall pay to the Bank as a prepayment of the Loan to be applied as a permanent reduction of the Maximum Line Availability.

  • We introduce and discuss the study in §5.1. 5.1. The chosen corpus of spoken French Just like the most recent part of Larrivée’s work on contemporary French (20th-21st c.), our study is based on the ESLO corpus, ‘Enquêtes Sociolinguistiques à Orléans’.

  • The face amount of the letters of credit in the aggregate shall reduce the Maximum Line Availability on a dollar for dollar basis.


More Definitions of Maximum Line Availability

Maximum Line Availability means Ten Million Dollars ($10,000,000).
Sample 1
Maximum Line Availability means Ten Million Five Hundred Thousand Dollars ($10,500,000).
Sample 1

Related to Maximum Line Availability

  • 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.

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

  • Revolving Availability means, at the time of determination, (a) the sum of all Revolving Commitments at such time less (b) the sum of (i) the principal amount of Revolving Loans and Swing Loans made and outstanding at such time and (ii) the LC Outstandings at such time.

  • Maximum Credit means, at any time, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time.

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

  • 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.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • 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.

  • 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.

  • Canadian Availability means, as of any date of determination, the amount (if any) by which (a) Canadian Available Credit, exceeds (b) the sum of the aggregate Dollar Equivalent of (i) Revolver Credit Advances made to the Canadian Borrowers plus (ii) the Canadian Borrowers’ Letter of Credit Obligations (other than the Canadian Borrowers’ Letter of Credit Obligations cash collateralized in accordance with the terms of the Loan Documents).

  • Availability Block means $15,000,000.

  • 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.

  • 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.

  • 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 (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • 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.

  • 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.

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

  • Average Availability means, at any Adjustment Date, the average daily Availability for the fiscal quarter immediately preceding such Adjustment Date.

  • Service Availability The total number of minutes in a calendar quarter that the Tyler Software is capable of receiving, processing, and responding to requests, excluding maintenance windows, Client Error Incidents and Force Majeure.

  • 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.

  • System Availability means, with respect to any particular calendar month, the ratio obtained by subtracting Unscheduled Downtime during such month from the Total Monthly Time, and thereafter dividing the difference so obtained by the Total Monthly Time. Represented algebraically, System Availability for any particular calendar month is determined as follows:

  • Network Availability means the capability of the equipment to resume functions after a remotely initiated trigger has been detected by a network port;

  • 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 Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.