Unused Borrowing Availability definition

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.

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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.
Adjustments -$ Ending Loan Balance - Before Loan Request -$ Unused Borrowing Availability Before Loan Request -$ Unrestricted Cash at SVB -$ Liquidity -$ NF Availability -$ Total Availability -$ New Loan Request: The undersigned hereby requests a loan advance in the amount shown adjacent hereto.
Please deposit loan proceeds to my: SVB Checking Account Advance = -$ New Loan Balance - After Loan Advance -$ Remaining Unused Borrowing Availability - After Loan Request -$ 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.

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.

Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.
Revolving Availability means, at the time of determination, (a) the sum of all Revolving Commitments at such time less (b) the sum of (i) the principal amount of Revolving Loans and Swing Loans made and outstanding at such time and (ii) the LC Outstandings at such time.
Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.
Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.
Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.