Uncommitted Facility Amount means, as of any date of determination, the excess, if any, of (a) the Maximum Facility Amount over (b) the Committed Facility Amount.
Uncommitted Facility Amount is defined in Section 3.
Uncommitted Facility Amount is defined in the Side Letter.
Examples of Uncommitted Facility Amount in a sentence
As of any date of determination all outstanding Advances will first be attributed to and counted against the Commitment of each Lender as an Advance pursuant to Section 2(a) and then the remainder thereof, if any is available, shall be deemed and made as Uncommitted Advances up to the Uncommitted Facility Amount.
More Definitions of Uncommitted Facility Amount
Uncommitted Facility Amount means as of any date, the option of the Bank hereunder to make Loans to the Borrower in its sole discretion in an aggregate principal amount equal to the amount set forth in the table below opposite such date (or the applicable range of dates). From the Effective Date to but excluding the Facility Availability Date $0 From the Facility Availability Date through and including March 31, 2025 $30,000,000 From April 1, 2025 through and including June 30, 2025 $40,000,000 From July 1, 2025 through and including September 30, 2025 $55,000,000 From October 1, 2025 through and including the Scheduled Facility Termination Date (only applicable if the Scheduled Facility Termination Date has been extended beyond September 30, 2025) $175,000,000