Total Availability Clause Samples
The Total Availability clause defines the minimum level of service uptime or accessibility that a provider must maintain for a system or service. Typically, it sets a percentage threshold (such as 99.9% uptime) over a specified period, and may outline how downtime is measured and reported. This clause ensures that the service remains reliably accessible to users, addressing the risk of excessive outages and providing recourse if availability falls below the agreed standard.
Total Availability. Subject to the terms and conditions of this Agreement and prior to the Maturity Date, Advances under the Fixed Asset Commitment may be repaid and reborrowed from time to time on a revolving basis.
Total Availability. The Borrowers will maintain at all times Total Availability (after giving effect to any Pending Revolving Loans) of not less than the sum of (i) $2,000,000 PLUS (ii) as of any date of determination, the Borrowers' mark-to-market swap exposure (as determined by the Agent on ▇ ▇eekly basis) under all Hedge Agreements as of such date; PROVIDED, HOWEVER, that (a) for the 15 days preceding the date of any payment of interest with respect to amounts outstanding under the Senior Notes, average Total Availability (after giving effect to any Pending Revolving Loans) shall be not less than $8,000,000 on a pro forma basis after giving effect to such payment, (b) for the 15 days preceding the date of any payment of principal with respect to the IRB Financing, average Total Availability (after giving effect to any Pending Revolving Loans) shall be not less than $6,000,000 on a pro forma basis after giving effect to such payment and (c) solely for purposes of this Section Agent Advances shall be excluded from the calculation of Total Availability to the extent that Agent Advances are made no more than two (2) times per calendar year, each Advance is outstanding no more than 30 days and no more than $750,000 is advanced in any calendar year.
Total Availability. The words “Total Availability” mean, as at any time, the sum of the Domestic Availability at such time plus the Ex-Im Availability at such time.
Total Availability. (Section 2.01 of the ------------------ Subordinate Credit Agreement) Required by the Subordinate Credit Agreement: The aggregate amount of all outstanding advances under the Subordinate Credit Agreement at any one time may not exceed the lesser of the aggregate Commitments under the Subordinate Credit Agreement at such time or the Total Availability at such time. The Adjusted Net Worth as of the date of this Compliance Certificate is as set forth in (f) below, based on the following calculation:
(a) The Parent's and the Parent's Subsidiaries Consolidated Adjusted EBITDA for the Rolling Period ending , equals: $__________
(b) Line (a) above multiplied by (i) on or before December 31, 1998, six (6), and (ii) after December 31, 1998, five (5), equals: $__________
(c) All Indebtedness of the Parent and its outstanding as of such date, including without Subsidiaries limitation, the Senior Obligations, Secured Recourse Indebtedness and Secured Non-Recourse Indebtedness equals: $__________ (d) Line (b) above minus Line (c) above equals: $__________ (e) issued under the Agreement equals: The aggregate face amount of all Letters of Credit $__________ (f) Total Availability equals Line (d) above minus (e) above: Line $__________ 3.
Total Availability. Outstanding Balances Lender GE Total
Total Availability. After giving effect to all the extensions of credit under the Facilities on the Closing Date the aggregate Total Availability under the Facilities (without regard to any interim reduction in commitment amounts) less all the outstanding Loans and Letters of Credit shall be in excess of $60,000,000. 80 Credit Agreement EXIDE TECHNOLOGIES
Total Availability. After giving effect to all the extensions of credit under the Facilities on the Closing Date the aggregate Total Availability LESS all the outstanding Loans and Letters of Credit under the Revolving Credit Facilities shall be not less than $25,000,000 in the aggregate under both of the Revolving Credit Facilities, of which (x) there shall not be less than $10,000,000 in US Availability and (y) there shall not be less than $10,000,000 in Foreign Availability.
Total Availability. The total direct drawings, letters of credit and Bankers' Acceptance shall not, at any one time, exceed the Revolving Credit Commitment.