Revolver Availability definition

Revolver Availability means, as of any date of determination, the amount that the Borrower is able to borrow on such date under the Revolving Committed Amount without a Default or Event of Default occurring or existing after giving pro forma effect to such borrowing.

Revolver Availability means, on any date of determination, the maximum amount of Revolving Loans that could be made to the Borrower on such date pursuant to Section 2.01(b) pursuant to the use of unused Commitments on such date.

Revolver Availability means, as of any date, the result of (a) the Maximum Revolver Amount as of such date less (b) the Revolving Credit Facility Usage as of such date.

Examples of Revolver Availability in a sentence

• Such Commitment Fee, to the extent then accrued, shall be payable quarterly in arrears (a) following the Revolver Availability Date on the last Business Day of each March, June, September and December, (b) on the Revolving Facility Termination Date with respect to the applicable Revolving Commitments and (c) as provided in Section 2.11, upon any reduction or termination in whole or in part of the Total Revolving Commitment.

• The commitment fee shall accrue at all times during the Revolver Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and 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 Revolver Availability Period.

• The ratio of (i) the sum of Plains MLP's Consolidated current assets plus the All American Revolver Availability to (ii) Plains MLP's Consolidated current liabilities will never be less than 1.0 to 1.0. For purposes of this section, Plains MLP's Consolidated current liabilities will be calculated without including (a) any payments of principal on the Notes which are required to be repaid within one year from the time of calculation and (b) all Liabilities arising under permitted Hedging Contracts.

• The Company is required to pay fees between 0.250% and 0.375% per annum on the daily unused amount of the revolver, depending on the Average Revolver Availability (as defined in the Amended and Restated Senior Secured Credit Facility).

• Final Maturity: Six years from closing Revolver Availability: Advances under Facility A shall be limited by a multiple of total debt to cash flow.

More Definitions of Revolver Availability

Revolver Availability means, as of any date of determination, the amount by which the then effective aggregate Revolving Credit Commitments exceeds the aggregate Revolving Credit Outstandings at such time.

Revolver Availability. Amount shall mean, as at any date of determination, the excess of the aggregate of Revolver Commitments of Revolver Lenders over the aggregate Revolver Principal Debt of Revolver Lenders.

Revolver Availability as of any date, the lesser of (a) Borrowing Base Availability minus L/C Obligations that have not been cash collateralized pursuant to Section 2.20 or Section 3.9 and are not included in Consolidated Debt and (b) Commitments minus the Outstanding Amount.

Revolver Availability means, as of any date of determination, the amount (if any) by which the Revolving Credit Commitments available to be utilized in accordance with the terms of this Agreement exceed the aggregate Revolving Credit Exposure, in each case, as of such date.

Revolver Availability means for any day, the unutilized portion available --------------------- on such day of the "Total Revolver Commitment" (as defined in Section 7.11 of the Revolver Agreement) for revolving credit loans to Borrower pursuant to the Revolver Agreement.

Revolver Availability as of any date, the lesser of (a) Borrowing Base Availability, minus the Outstanding Amount and (b) Commitments, minus the Outstanding Amount.

Revolver Availability shall have the meaning given thereto in the First Lien Credit Agreement as in effect on the date hereof.