Revolving Credit Borrowing Availability definition

Revolving Credit Borrowing Availability means, at any time, an amount equal to the lesser at such time of (A) the applicable Maximum Revolving Credit Loan and (B) the then applicable Maximum Revolver Leverage Ratio minus, in either case, (i) the aggregate amount of all Letter of Credit Obligations then outstanding (if any) and (ii) such reserves as Agent may reasonably deem appropriate.
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Revolving Credit Borrowing Availability shall have the following meaning, for the periods indicated: Calculation of Revolving Time Period Credit Borrowing Availability ---------------------------------------------------------------------------------------------------------------- Closing Date to and including the date of of documents required by SECTION 5.1(B), A. The sum of (i) 1996 annualized pro forma delivery (C) and (E) for the fiscal quarter ending EBITDAR for the Borrower of $20,814,000, March 31, 1997 and fiscal year ending less corporate overhead of $2,867,000, December 31, 1996 multiplied by 4.25 = $76,275,000, (ii) the lesser of annualized pro forma EBITDAR of Palestine Limited Partnership of $3,263,000, multiplied by 4.25 = $13,863,000, or the maximum amount of Credit Obligations guaranteed by Palestine Limited Partnership (on the Closing Date $13,700,000) and (iii) annualized pro forma EBITDAR of Principal Knox Xxxpany of $1,630,000, multiplied by 4.25 = $6,928,000, less
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Related to Revolving Credit Borrowing Availability

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • Revolving Credit Borrowing Request means a request made pursuant to Section 2.4 in the form of Exhibit B-4.

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

  • Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving Loans.

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

  • 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.

  • Revolving Credit Loans as defined in Section 2.1.

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Revolving Credit Base Rate Option A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.