Total Available Commitment definition

Total Available Commitment means the sum of the Available -------------------------- Commitments of all of the Lenders.
Total Available Commitment means, as of any date, the Total Commitment as of such date minus an amount equal to the excess of (i) the aggregate Net Cash Proceeds to be used as specified in all notices given by the Obligors' Representative to the Administrative Agent in accordance with Sections 2.03(b) hereof over (ii) the sum of (x) the aggregate amount of all reductions of the Total Commitment required by reason of the provisos to Section 2.03(b) with respect to such Net Cash Proceeds and (y) the aggregate amount of Loans (including the Loans requested to be made on such date) the proceeds of which have been or, upon the making thereof, will be used for the purposes specified in such notices in accordance with such Section.
Total Available Commitment means, at any time, the Total Commitment less the Blocked Commitment, if any, at such time.

Examples of Total Available Commitment in a sentence

  • On or after the Effective Date, to make one or more Loans to the Obligors from time to time on any Business Day prior to the Commitment Termination Date in an aggregate principal amount not to exceed at any time outstanding such Bank's Commitment; provided that at no time shall the aggregate outstanding principal amount of all Loans exceed the Total Available Commitment.

  • Each borrowing under the Total Available Commitment shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the then Total Available Commitment is less than $5,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof.

  • Such request shall be made in accordance with the requirements of Section 2.01, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Total Available Commitment and the conditions set forth in Section 3.02.

  • Subject to the prior consent of the Original Syndicate Members the Company may, by written notice to the Syndicate Members, reduce the Total Commitment by an amount up to the Total Available Commitment.

  • The aggregate amount of the Revolver will not exceed the lesser of the Lender's Revolving Commitment or such Lender's Commitment Percentage of the Total Available Commitment.


More Definitions of Total Available Commitment

Total Available Commitment means, as to any Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Commitment then in effect over (b) the sum of (i) such Lender’s then outstanding Euribor Rate Loans and (ii) the Euro Equivalent Amount of such Lender’s then outstanding Offshore Rate Loans.
Total Available Commitment the sum of the Available Commitments -------------------------- of all the Lenders.
Total Available Commitment in relation to any Bank at any time means, save as otherwise provided herein, the aggregate of its Available Dollar Commitment and the dollar equivalent of its Available Sterling Commitment at such time;
Total Available Commitment means, at any time, the sum of the Available Commitments of each of the Lenders at such time.
Total Available Commitment means an amount equal to:
Total Available Commitment at the time any determination thereof is made, the sum of the respective Available Commitments of the Lenders at such time.
Total Available Commitment for any calendar year means the amount set out as the total available commitment from the PIDG Trust for such calendar year in Schedule 1 (as may be increased or decreased from time to time in accordance with the provisions of Clause 4.5); and