Undrawn Amounts definition

Undrawn Amounts means, as of any date, the aggregate undrawn amount of all Letters of Credit then issued and outstanding.
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Undrawn Amounts means, at any time, the sum of all Undrawn Amounts at such time.
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Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time (or, for any Letter of Credit denominated in an Alternative Currency, the Dollar Equivalent thereof at such time).
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Examples of Undrawn Amounts in a sentence

  • The Bank agrees, on the terms and conditions set forth herein, to make Advances to the Borrower from time to time before the Termination Date; provided that, immediately after each such Advance is made, the aggregate outstanding principal amount of all Advances by the Bank together with the aggregate outstanding principal amount of all Letter of Credit Advances and Undrawn Amounts shall not exceed the amount of the Commitment.

  • The Bank agrees, on the terms and conditions set forth herein, to make Advances to the Borrower from time to time before the Termination Date; provided that, immediately after each such Advance is made, the sum of (i) the aggregate outstanding principal amount of all Advances by the Bank; (ii) the outstanding principal amount of all Letter of Credit Advances, and (iii) the aggregate Undrawn Amounts shall not exceed the amount of its Commitment.

  • If any such excess remains after repayment in full of the aggregate outstanding Swing Loans and Revolving Loans, the Borrowers shall provide Cash Collateral for Letter of Credit Undrawn Amounts in the manner set forth in Section 9.3 (Actions in Respect of Letters of Credit) in an amount equal to 103% of such excess.

  • If any Letter of Credit remains outstanding under this Agreement after the Termination Date, the Borrower shall Cash Collateralize such Letter of Credit in an amount not less than 102% of the aggregate Undrawn Amounts available under such Letter of Credit.

  • Concurrently with any prepayment of the Loans, reduction of the Synthetic L/C Facility and cash collateralization of Synthetic L/C Undrawn Amounts pursuant to Sections 2.14(a) through 2.14(d), Company shall deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds to be prepaid.

  • On and as of the date of any Non Pro Rata Commitment Reduction, the Letter of Credit Undrawn Amounts at such time shall be reallocated to the Lenders in accordance with their new respective Commitments.

  • In lieu of the Cash Collateral required by the preceding sentence with respect to any Letter of Credit, the Borrowers may deliver to an Issuer a “back-to-back” letter of credit issued on behalf of, or for the account of, such Issuer in form and substance, and issued by a financial institution satisfactory to the Administrative Agent and such Issuer, and having a face amount equal to 103% of the applicable Letter of Credit Undrawn Amounts.

  • Except as otherwise provided in an ACL Agreement, each Borrowing under this Section shall be in an aggregate principal amount of $1,000,000 or any larger multiple of $100,000 (except that any such Borrowing may be in the aggregate amount of the Unused Commitments less the amount of any outstanding Letter of Credit Advances, Undrawn Amounts and Swing Line Advances) and shall be made from the several Banks ratably in proportion to their respective Commitments.

  • If any such excess remains after repayment in full of the aggregate outstanding U.S. Swing Loans and U.S. Revolving Credit Loans, the U.S. Borrower shall provide cash collateral for Letter of Credit Undrawn Amounts in the manner set forth in Section 7.04 in an amount equal to 103% of the sum of all Letter of Credit Undrawn Amounts.

  • In no event shall any Swing Bank be obligated to make any Swing Loan or Revolving Credit Loan if the sum of outstanding Swing Loans and Revolving Credit Loans made or to be made by such Swing Bank and its aggregate participation in the Letter of Credit Undrawn Amounts and Reimbursement Obligations would exceed its Revolving Credit Commitment or if the Swing Loans made or to be made by such Swing Bank would exceed its Swing Commitment.


More Definitions of Undrawn Amounts

Undrawn Amounts means collectively the aggregate U.S. Dollar Undrawn Amounts and the aggregate Dollar Equivalent of Other Currency Undrawn Amounts.
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Undrawn Amounts means as of any date the aggregate undrawn amount of all Letters of Credit then issued and outstanding. “Unencumbered Asset Value” means Total Asset Value determined with respect to assets and Properties which are not encumbered by a Lien. “Unsecured Debt” means Debt which is not secured by a Lien.
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Related to Undrawn Amounts

  • Undrawn Amount means, with respect to any Letter of Credit, at any time, the maximum amount available to be drawn under such Letter of Credit at such time and “Undrawn Amounts” means, at any time, the sum of all Undrawn Amounts at such time.

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Undrawn Fee Rate For any VFN Class, the rate set forth or described in the related Indenture Supplement, if any. United States and U.S.: The United States of America.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Unused Amount means the Maximum Line reduced by (i) outstanding Revolving Advances and (ii) the L/C Amount. The Borrowers agree to pay to the Lender an unused line fee at the rate of one-quarter of one percent (0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Outstanding Amount means the aggregate principal amount of all Notes, or Class of Notes, as applicable, Outstanding at the date of determination.

  • Maximum Revolving Advance Amount means $30,000,000.

  • Swing Line Participation Amount as defined in Section 2.7(c).

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(c). [Signature page follows.]

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Aggregate Outstandings means, at a particular time, the sum of (a) the Aggregate Letters of Credit Outstandings at such time and (b) the aggregate outstanding principal amount of all Revolving Credit Loans at such time.

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Credit Obligations means all obligations of the Borrowers to the Lender Parties arising under or in connection with or in respect of the Credit Documents, whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become due.

  • Outstandings means, collectively, at any date, the Letter of Credit Outstandings, Swing Line Outstandings and Revolving Credit Outstandings on such date.

  • Letter of Credit Fees shall have the meaning set forth in Section 3.2.

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).