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 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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Undrawn Amounts means as of any date the aggregate undrawn amount of all Letters of Credit then issued and outstanding.
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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.

  • Each such payment or prepayment shall be applied in the following order: first, on a Term Loan Pro Rata basis, to the aggregate principal amount of Term Loan Advances until paid in full; second, on a Revolver Pro Rata basis, to the outstanding Revolver Advances as of the date of such payment or payment or prepayment until paid in full; and third to Cash Collateralize the Undrawn Amounts of any outstanding Letters of Credit.

  • The parties hereto agree and acknowledge that any Expired Undrawn Amounts that increase the principal balance of any Company Note shall be deemed to be paid prior to any other outstanding principal amounts on such Company Note.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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, Licensee Loans and Undrawn Amounts shall not exceed the amount of the Commitment.


More Definitions of Undrawn Amounts

Undrawn Amounts means, at any time, the sum of all Undrawn Amounts at such time.
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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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Undrawn Amounts means as of any date the aggregate undrawn amount of all Letters of Credit then issued and outstanding. “Unrestricted Assets” shall mean the aggregate amount of Cash and Cash Equivalents held in accounts on the consolidated balance sheet of Borrower and its Consolidated Subsidiaries, to the extent that such Cash and Cash Equivalents are free and clear of all Liens. “Unused Commitment” means at any date, with respect to any Lender, an amount equal to its Revolver Commitment less the sum of the aggregate outstanding principal amount of the sum of its Revolver Advances and its Applicable Percentage of Swing Advances and Letter of Credit Obligations; provided, however, for purposes of Section 2.07(a) only, Swing Advances shall not be considered outstanding for purposes of determining a Lender’s Unused Commitment. “Unused Commitment Fee” has the meaning set forth in Section 2.07(a). “U.S. Borrower” means any Borrower that is a U.S. Person. “U.S. Government Securities Business Day” shall mean any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. “U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Code. “U.S. Tax Compliance Certificate” has the meaning specified in Section 2.12(e)(v).
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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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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.

  • Undrawn Fee a fee payable pursuant to Section 3.2 for each day of the related Collection Period equal to the product of (x) the aggregate Commitments on such day minus the aggregate principal amount of outstanding Advances on such day times (y) the Undrawn Fee Rate times (z) 1/360.

  • 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.