Common use of Revolving Credit Availability Clause in Contracts

Revolving Credit Availability. At any time of reference thereto, the amount by which the Total Revolving Credit Commitment as in effect at such time exceeds the aggregate of (a) the outstanding amount of Revolving Credit Loans at such time (after giving effect to all amounts requested) PLUS (b) the sum of the Maximum Drawing Amount, all Unpaid Reimbursement Obligations and the International Facility Amount at such time.

Appears in 1 contract

Sources: Credit Agreement (Transtechnology Corp)

Revolving Credit Availability. At any time of reference thereto, the amount by which the Total Revolving Credit Commitment as in effect at such time exceeds the aggregate of (a) the outstanding amount of Revolving Credit Loans at such time (after giving effect to all amounts requested) PLUS plus (b) the sum of the Maximum Drawing Amount, all Unpaid Reimbursement Obligations and the International Facility Amount at such time.

Appears in 1 contract

Sources: Credit Agreement (Transtechnology Corp)