Term Loan Availability definition

Term Loan Availability means, at any time, an amount equal to (a) the Term Loan Borrowing Base minus (b) the outstanding principal amount of the Term Loan.

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

• Lender agrees to make a term loan to the Company in a principal amount not to exceed the Term Loan Amount set forth in the Term Note (the “Term Loan”) upon the request of the Company made in accordance with the terms of the Term Note and this Agreement; provided, however, that the Term Loan shall be made in a single advance on or before the Term Loan Availability Expiration Date.

• The aggregate unfunded Delayed Draw Term Loan Commitments shall automatically terminate at the expiration of the Delayed Draw Term Loan Availability Period.

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

• The commitment of each Multi-Draw Term Loan Lender described in this clause (f)(i) is herein referred to as its “Multi-Draw Term Loan Commitment.” During the Multi-Draw Term Loan Availability Period and on the terms and subject to the conditions hereof, the Borrower may from time to time borrow, prepay and reborrow Multi-Draw Term Loans.

• In addition to Borrowings of Revolving Loans, Tranche A Term Loans and Tranche B Term Loans specified in Section 2.01(a), (b) and (c), respectively, at any time and from time to time prior to the Incremental Term Loan Availability Date, the Borrower may request that the Lenders offer to enter into commitments to make Incremental Term Loans to the Borrower in U.S. Dollars.

More Definitions of Term Loan Availability

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

Term Loan Availability means, initially, 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 $400,000 minus the sum of the original principal amounts of all Term Loans Silicon has made to Borrower, other than the Mitsui Loan.

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 as used in this Agreement means $400,000 minus the sum of the original principal 17 SILICON VALLEY BANK AMENDMENT TO LOAN AGREEMENT -------------------------------------------------------------------------------- amounts of all Term Loans Silicon has made to Borrower, other than the Mitsui Loan.

Term Loan Availability means, at any time, the Term Loan Commitments minus the Term Loan Outstandings at such time.