Revolver Availability Period definition

Revolver Availability Period means the period from and including the Closing Date to but excluding the earlier of the Termination Date and the date of termination in full of the Revolving Commitments.
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Revolver Availability Period means the period from and including the Closing Date to the earliest of (a) the Maturity Date, (b) the date of termination of the Aggregate Revolving Commitments pursuant to Section 2.07(a), and (c) the date of termination of the Revolving Commitment of each Lender to make Revolving Loans and of the obligation of the L/C Issuer to make L/C Credit Extensions pursuant to Section 8.02.
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Revolver Availability Period means the period from and including the Revolver Availability Date to and including the date that is one Business Day prior the Maturity Date.
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Examples of Revolver Availability Period in a sentence

  • 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.

  • Subject to the terms and conditions set forth herein, each US Revolver Lender severally agrees to make loans (each such loan, a “US Revolver Loan”) to the US Borrower, denominated in Dollars, from time to time on any Business Day during the US Revolver Availability Period, in an aggregate principal amount that will not result in (i) such Lender’s US Revolver Exposure exceeding such Lender’s US Revolver Commitment, or (ii) the Total US Revolver Exposure exceeding the US Revolver Maximum Available Amount.

  • Such commitment fees shall accrue at all times during the US Revolver Availability Period and the Canadian Revolver Availability Period, as applicable, including at any time during which one or more of the conditions in Section 4.02 are not met, and shall be due and payable quarterly in arrears within fifteen (15) days after 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 Revolver Maturity Date.

  • The obligation of each Revolver Lender to make Revolver Advances hereunder during the Revolver Availability Period is subject to the Agent’s receipt of a certificate, signed by an Authorized Officer of the US Borrower, on the Revolver Availability Date, confirming compliance with the conditions set forth in this Section 3.1 and in Section 3.2 below.

  • Subject to the terms and conditions set forth herein, each Revolver Lender agrees to make revolving loans ("Revolver Loans") to the Borrower from time to time during the Revolver Availability Period in an aggregate principal amount that will not result in (a) such Revolver Lender's Revolver Exposure exceeding such Revolver Lender's Revolver Commitment or (b) the total Revolver Exposures exceeding the total Revolver Commitments.

  • The unused commitment fees shall accrue at all times during the Working Capital Revolver Availability Period and the Fixed Asset Loan Availability Period, as applicable, 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.


More Definitions of Revolver Availability Period

Revolver Availability Period means the period commencing on the first date after the Bridge Availability Period when there are no Bridge Loans outstanding and terminating on the Facility Maturity Date.
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Related to Revolver Availability Period

  • 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.

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

  • 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.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Availability Period means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • 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.

  • 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.

  • 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.

  • Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage.

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

  • 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.

  • 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).

  • 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.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • 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 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.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • 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.

  • Revolving Credit Period means the period from and including the Effective Date to but excluding the Termination Date.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure 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.

  • Availability Block means $15,000,000.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being US$250,000,000 at the date of this Agreement.

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