Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).
Swing Line Availability means the lesser of (a) the Swing Line Commitment Amount and (b) Revolving Loan Availability (less Revolving Outstandings at such time).
Swing Line Availability means, at any time, the lesser of (a) $50,000,000, or (b) the difference between (i) the Availability at such time and (ii) the sum of the Outstanding Amount of all Loans and the Outstanding Amount of all L/C Obligations at such time.
Examples of Swing Line Availability in a sentence
Within the limits of the Swing Line Availability, Borrower may borrow under this Section 2.2.1 at any time prior to the Maturity Date, repay pursuant to Sections 2.2.3 or 2.2.4 and reborrow pursuant to this Section 2.2.1 prior to the Maturity Date.
More Definitions of Swing Line Availability
Swing Line Availability means, as of any date of determination, the lesser of (a) the Swing Line Commitment Amount on such date and (b) Excess Availability on such date.
Swing Line Availability means the lesser of (a) the Swing Line Commitment Amount and (b) the amount by which the Revolving Loan Availability exceeds Revolving Outstandings at such time.
Swing Line Availability has the meaning assigned to it in SECTION 1.1(c)(i).
Swing Line Availability means, as of any date of determination, the least of (a) the Swing Line Commitment, (b) the Maximum Amount minus the aggregate Revolving Loan then outstanding and (c) an amount equal to (i) the Domestic Borrowing Base as of such date minus (ii) the aggregate outstanding principal balance of the Revolving Credit Advances made to the Domestic Borrowers as of such date minus (iii) the Dollar Equivalent of the aggregate Letter of Credit Obligations incurred on behalf of the Domestic Borrowers as of such date.
Swing Line Availability is defined in Section 2.1(b)(i) hereof.
Swing Line Availability has the meaning assigned to it in Section ----------------------- ------- 1.1(b)(i). ---------
Swing Line Availability means, as of any date of determination, an amount equal to the lesser of (i) Funding Availability as of the end of the immediately preceding day and (ii) the difference between (A) the Swing Line Commitment as of such date and (B) the Outstanding Principal Amount of the Swing Line Loan as of the end of the immediately preceding day.