Examples of Total Available Commitments in a sentence
Each borrowing under the Commitments shall be in an amount equal to $25 million (or, if the Total Available Commitments at such time are less than $25 million, such lesser amount) or a whole multiple of $5 million in excess thereof.
Loans shall be made by the Lenders pro rata in accordance with each Lender's Commitment Percentage, but the aggregate outstanding principal amount of Loans made by any Lender hereunder shall in no event exceed such Lender's Available Commitment, and the aggregate principal amount of the Loans at any one time outstanding hereunder of all Lenders shall at no time exceed the Total Available Commitments.
The Total Available Commitments shall be immediately cancelled at the end of the Availability Period.
The Obligors may cancel the Total Available Commitments subject to the condition that the Agent has received from the Obligors at least 5 Business Days prior written notice specifying the amount to be cancelled and the date on which the cancellation is to take effect.
In addition to Committed Borrowings pursuant to Section 2.1, the Borrower 35 37 may, as set forth in this Section, request the Banks during the Term to make offers to make Money Market Loans to the Borrower, not to exceed, at such time, the lesser of (i) the Total Available Commitments and (ii) $100,000,000.