Total Outstanding Amount definition
Examples of Total Outstanding Amount in a sentence
Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans in U.S. dollars to the Borrower from time to time prior to the Termination Date; provided that, immediately after each such loan is made, (i) the Outstanding Amount of such Bank shall not exceed the amount of its Commitment and (ii) the Total Outstanding Amount shall not exceed the aggregate amount of the Commitments.
For this purpose, and solely for this purpose, there shall be allocated to each Borrower a portion of the aggregate Credit Exposures equal to the sum of (i) the aggregate outstanding principal amount of all Loans to, and Letter of Credit Liabilities for the account of, such Borrower at such date and (ii) such Borrower’s Availability Share of the excess, if any, at such date of the aggregate amount of the Commitments over the Total Outstanding Amount.