Available Amount of any Letter of Credit means, at any time, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing).
Available Amount means, as at any time of determination, an amount, not less than zero in the aggregate, determined on a cumulative basis, equal to, without duplication:
Examples of Available Amount in a sentence
By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of the applicable Issuing Bank or the Lenders, such Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such Xxxxxx’s Ratable Share of the Available Amount of such Letter of Credit.
Each Lender further acknowledges and agrees that its participation in each Letter of Credit will be automatically adjusted to reflect such Xxxxxx’s Ratable Share of the Available Amount of such Letter of Credit at each time such Xxxxxx’s Revolving Credit Commitment is amended pursuant to an assignment in accordance with Section 9.07 or otherwise pursuant to this Agreement.
More Definitions of Available Amount
Available Amount means, on any date of determination, a cumulative amount equal to (without duplication):
Available Amount means, at any time (the “Available Amount Reference Time”), an amount (which shall not be less than zero) equal to the sum of:
Available Amount means, with respect to any Payment Date, the sum of Available Interest and Available Principal.
Available Amount means initially Twenty Million Dollars ($20,000,000) in the aggregate which amount shall be reduced by the Purchase Amount each time the Buyer purchases shares of Common Stock pursuant to Section 1 hereof.
Available Amount means initially Fifteen Million Dollars ($15,000,000) in the aggregate which amount shall be reduced by the Purchase Amount each time the Buyer purchases shares of Common Stock pursuant to Section 1 hereof.
Available Amount means, at any time, the sum of (a) (i) $150 million plus (ii) the Cumulative Retained Excess Cash Flow Amount plus (b) 100% of the aggregate net cash proceeds and the fair market value, as determined in good faith by the Borrower, of marketable securities or other property received by the Borrower since immediately after the Closing Date from the issue or sale of (i) Equity Interests of the Borrower, but excluding cash proceeds and the fair market value, as determined in good faith by the Borrower, of marketable securities or other property received from the IPO and (ii) Indebtedness or Disqualified Stock of the Borrower or a Restricted Subsidiary that has been converted into or exchanged for Equity Interests of the Borrower (provided, however, that this clause (ii) shall not include the proceeds of (x) Equity Interests, Indebtedness or Disqualified Stock of the Borrower sold to a Restricted Subsidiary or the Borrower or (y) Disqualified Stock or Indebtedness that has been converted or exchanged into Disqualified Stock) plus (c) 100% of the aggregate amount of cash and the fair market value, as determined in good faith by the Borrower, of marketable securities or other property contributed to the capital of the Borrower following the Closing Date (other than by a Restricted Subsidiary) plus (d) to the extent (i) not already reflected as a return of capital with respect to such Investment for purposes of determining the amount of such Investment and (ii) not already reflected in the calculation of Consolidated Net Income, the proceeds received by the Borrower or any Restricted Subsidiary during the period from and including the day immediately following the Closing Date through and including such time in connection with cash returns, cash profits, cash distributions and similar cash amounts, including cash principal repayments of loans, in each case received in respect of any Investment made after the Closing Date pursuant to clause (r) of the definition of “Permitted Investment” (in an amount not to exceed the original amount of such Investment); provided, that each usage of the Available Amount pursuant to Section 7.05(a) or clause (r) of the definition of “Permitted Investment” shall result in a dollar-for-dollar reduction in the Available Amount.