Revolving Availability definition

Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

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

Revolving Availability means, at any time: (a) the Total Commitment in effect at such time minus (b) the Outstanding Revolving Credit at such time.

Examples of Revolving Availability in a sentence

• During the Revolving Availability Period, principal amounts of any RevolvingTerm Revolver Loan prepaid may be reborrowed under the terms and conditions of this Credit Agreement.

• Subject to Section 13.30, Borrower shall pay or cause to be paid a non-refundable fee (“Revolving Facility CommitmentTerm Revolver Unused Fee”) calculated in arrears and which shall accrue beginning on the ThirdFifth Amendment Effective Date and each monthquarter thereafter, until the earlier of (a) the RevolvingTerm Revolver Commitments have been terminated and the Lenders have no further obligation to make a RevolvingTerm Revolver Loan and (b) the termination of the Revolving Availability Period.

• During the Revolving Availability Period, subject to the terms and conditions set forth herein, the Borrower shall be entitled to borrow, prepay and reborrow Revolving Loans in accordance with the terms and conditions of this Agreement.

• Borrower may at any time after the end of the Revolving Availability PeriodTerm Revolver Loan Conversion Date by written notice to the Administrative Agent elect to request the establishment of one or more new Term Commitmentsterm loan commitments (each, an “Incremental Commitment” and the Loans thereunder, the “Incremental Loans”) in a minimum amount of at least $25,000,000 and in integral multiples of $5,000,000 in excess thereof, and up to $250,000,000 in the aggregate.

• Subject to the terms and conditions set forth herein, each Revolving Xxxxxx agrees to make Revolving Loans to the Borrower denominated in dollars from time to time during the Revolving Availability Period in an aggregate principal amount which will not result in such Xxxxxx’s Revolving Exposure exceeding such Xxxxxx’s Revolving Commitment.

More Definitions of Revolving Availability

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 Availability means on any date an amount equal to the Total Commitment on such date, minus the Total Outstanding Amount on such date.

Revolving Availability means, on any date, the sum of (a) the aggregate Revolving Committed Amount minus (b) the aggregate amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding Revolving LOC Obligations.

Revolving Availability means, as of any date of determination, the amount, if any, by which the Borrowing Base exceeds the Total Utilization of Revolving Commitments.

Revolving Availability means, at any time, an amount equal to (a) the total Revolving Commitments less (b) the total Revolving Exposures at such time.

Revolving Availability means, as of any date of determination, the difference of (i) the lesser of (a) the Revolving Commitments and (b) the Borrowing Base, minus (ii) the Total Utilization of Revolving Commitments.

Revolving Availability means, at any time, an amount equal to (a) the lesser of the Revolving Commitment and the Borrowing Base minus (b) the Revolving Exposure.