Total Available Commitments definition

Total Available Commitments means, at any time, an amount equal to the excess, if any, of (a) the Total Commitments then in effect, over (b) the Total Extensions of Credit then outstanding.

Total Available Commitments means the aggregate of the Available Commitments of all the Lenders);

Total Available Commitments at any time, an amount equal to the excess, if any, of (a) the Total Commitments then in effect, over (b) the Total Extensions of Credit then outstanding.

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 aggregate amount of Committed Loans together with the Letter of Credit Usage shall not exceed the lesser of (i) the Facility Amount and (ii) the Total Available Commitments.

• The aggregate amount of Committed Loans (including Swing Loans) together with the Letter of Credit Usage shall not exceed the lesser of (i) the Facility Amount and (ii) the Total Available Commitments.

More Definitions of Total Available Commitments

Total Available Commitments means, at any time of determination, the lesser of (a) the aggregate amount of the Commitments at such time, or (b) the then Borrowing Base Availability.

Total Available Commitments means, at any time, the aggregate Commitments of all Banks minus the aggregate Commitments of all Defaulting Banks at such time.

Total Available Commitments at any time, the aggregate amount of the Available Commitments of the Lenders at such time.

Total Available Commitments means the aggregate for the time being of each Lender's Available Commitment.

Total Available Commitments at any time, the aggregate amount of the Available Commitments then in effect.

Total Available Commitments means the aggregate of all the Available Commitments at any time;

Total Available Commitments means, at any time, in respect of a Facility or, as the case may be, Xxxxxxx X0, the aggregate of the Commitments under that Facility or Tranche S1 which may be utilised (and which have not been utilised).