Term Loan Availability definition

Term Loan Availability means, as of any particular time, the result of (a) the Term Loan Borrowing Base at such time, minus (b) the sum of (i) the Senior Credit Facility Outstandings at such time and (ii) the outstanding principal amount of the Term Loan at such time.

Term Loan Availability means, as of any time, an amount equal to:

Term Loan Availability means as of any Determination Date, the lesser of (a) the Term Loan Commitments on such date or (b) the Borrowing Base minus the unpaid principal balance of the outstanding Advances as of such date.

Examples of Term Loan Availability in a sentence

• To the west of the site is the Ann Challis care home at No.128 Stretford Road.

• Subject to the terms and conditions set forth herein, each Tranche A-2 Term Loan Lender (severally and not jointly) agrees to make Tranche A-2 Term Loans to MK Holdings in Dollars in a single draw on one date during the Term Loan Availability Period, in an aggregate principal amount not to exceed such Term Loan Lender’s outstanding Tranche A-2 Term Loan Commitment immediately prior to the making of such Tranche A-2 Term Loans.

• Subject to the terms and conditions set forth herein, each Tranche A-1 Term Loan Lender (severally and not jointly) agreed to make Tranche A-1 Term Loans to Capri Holdings in Dollars in a single draw on one date during the Term Loan Availability Period, in an aggregate principal amount not to exceed such Term Loan Lender’s outstanding Tranche A-1 Term Loan Commitment immediately prior to the making of such Tranche A-1 Term Loans.

• An (efficient) agent and actions are also required to “actualise” intentions/purposes/goals (p.

• The maximum amount of any Term Loan Draw may not exceed, when funded, the Term Loan Availability on such date.

More Definitions of Term Loan Availability

Term Loan Availability means an amount of up to the lesser of (1) 80% of the lower of the cost or the forced liquidation value (as determined by the Lender after deduction of such reserves and allowances as the Lender deems proper and necessary) of the Borrower's hereafter acquired Eligible Equipment or (2) $2,960,000.

Term Loan Availability as used in this Agreement means $700,000 minus the sum of the original principal amounts of all Term Loans Silicon has made to Borrower.

Term Loan Availability. The term "Term Loan Availability" shall have the meaning given such term is SUPPLEMENT A.

Term Loan Availability means, as of any date of determination, the difference of (A) the lesser of: (i) the EBITDA Term Loan Limit or the (ii) Term Loan Amount, minus (B) the outstanding amount of the Term Loan.

Term Loan Availability means, as of any date of determination, the amount equal to the Term Loan Commitment (or, if prior to the Bankruptcy Court’s entry of the Final Order, the Interim Availability Amount) minus the Term Loan Outstandings (calculated as of such date of determination).

Term Loan Availability shall have the meaning set forth in the Senior Facility.

Term Loan Availability means up to eighty percent (80%) of the acceptable auction value for existing Acceptable Equipment as determined pursuant to an appraisal acceptable to Lender in its sole discretion.