Unused Borrowing Availability means, as of any date of determination, an amount equal to (a) Borrowing Availability as of such date minus (b) Total Revolving Outstandings as of such date.
Unused Borrowing Availability means, at any one time, the amount (if any) by which the Borrowing Base at such time exceeds the sum of (I) the aggregate outstanding principal balance at such time of the Revolving Credit Loan plus (ii) the aggregate outstanding balance at such time of all Letter of Credit Obligations incurred by Lender.
Unused Borrowing Availability means, at any time, (i) the lesser of (x) the Total Commitment and (y) the Borrowing Base at such time less (ii) the sum of (x) the aggregate outstanding principal amount of all Loans and (y) the aggregate Letter of Credit Outstandings at such time.
Examples of Unused Borrowing Availability in a sentence
Please deposit/wire loan proceeds to my Checking A/C No. 9 At Silicon Valley Bank Office: Advance = $ — 10 New Loan Balance - After Loan Advance $ — 11 Remaining Unused Borrowing Availability - After Loan Request #DIV/0! The above described Collateral is subject to a security interest in favor of SILICON VALLEY BANK pursuant to the terms and conditions of a Loan & Security Agreement’s, as executed by and between SILICON VALLEY BANK and the undersigned.
More Definitions of Unused Borrowing Availability
Unused Borrowing Availability means the sum of (a) the difference between (i) the lesser of (A) the U.S. Borrowing Base and (B) the U.S. Subfacility Cap, minus (ii) the Revolving Loans and letters of credit outstanding to the U.S. Borrower under the Revolving Credit Facility and the unreimbursed drawings under the letters of credit issued for the account of the U.S. Borrower, plus (b) the difference between (i) the lesser of (A) the Canadian Borrowing Base and (B) the Canadian Subfacility Cap, minus (ii) the Revolving Loans and letters of credit outstanding to the Canadian Borrower under the Revolving Credit Facility and the unreimbursed drawings under the letters of credit issued for the account of the Canadian Borrower.