Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.
Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.
Revolving Loan Availability means the lesser of (i) the Revolving Commitment and (ii) the Borrowing Base. Revolving Outstandings means, at any time, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans, plus (b) the Stated Amount of all Letters of Credit.
Examples of Revolving Loan Availability in a sentence
In the event the aggregate outstanding principal balance of all Revolving Loans hereunder exceeds the Revolving Loan Availability, the Borrowers shall, without notice or demand of any kind, immediately make such repayments of the Revolving Loans to Lender as shall be necessary to eliminate such excess.
More Definitions of Revolving Loan Availability
Revolving Loan Availability means, as at any time, an amount, in Dollars, equal to:
Revolving Loan Availability means, at any time, an amount equal to the Revolving Loan Commitment minus the Letter of Credit Obligations.
Revolving Loan Availability means, at any time, the remainder of (a) the Total Revolving Loan Commitment at such time minus (b) the sum of the Effective Amount of all Revolving Loans and Swing Line Loans and the Effective Amount of all L/C Obligations outstanding at such time.
Revolving Loan Availability means at any time the then applicable Revolving Loan Commitment.
Revolving Loan Availability means, at any time, an amount equal to the lesser of (a) the Revolving Loan Commitment minus the Letter of Credit Obligations, or (b) the Borrowing Base Amount minus the Letter of Credit Obligations.
Revolving Loan Availability means at any time, the Revolving Loan Commitment less the Letter of Credit Obligations.
Revolving Loan Availability means the lesser of (a) the sum of the Revolving Commitments of each Lender and (b) the Borrowing Base (as calculated pursuant to the most recent Borrowing Base Certificate delivered pursuant to this Agreement).