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 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.
Examples of Revolver Availability in a sentence
After the Closing Date, Lender’s obligation to make Advances under the Note is subject to the following additional Conditions Precedent, which must be satisfied each time an Advance is requested: (a) Maximum Revolver Availability.
Minimum Liquidity shall mean, as at any date of determination, the sum of Available Cash and, so long as at any such date of determination the conditions precedent set forth in Section 6.02 are satisfied, the Revolver Availability Amount.
More Definitions of Revolver Availability
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.
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 that Borrower is entitled to borrow as Revolving Loans under Section 2.1 of the Agreement (after giving effect to the then outstanding Revolver Usage).
Revolver Availability means, at any time, an amount equal to (x) the aggregate amount of the Revolving Facility Commitments, minus (y) the aggregate Revolving Facility Credit Exposure in each case at such time.
Revolver Availability means for any day, the unutilized portion available --------------------- on such day of the commitment 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.