Adjusted Availability definition
Adjusted Availability means, as of any applicable date, the sum of (i) Global Availability on such date plus (ii) Specified Excess Availability on such date.
Adjusted Availability means, at any time, an amount equal to (a) the Borrowing Base determined by reference to the most recent Collateral and Loan Status Report delivered to the Agent without giving effect to the Maximum Revolver Amount minus (b) the Aggregate Revolver Outstandings after giving effect to any Revolving Loans and Pending Revolving Loans made or requested at such time.
Adjusted Availability means, as of any date of determination thereof by the Agent, the result, if a positive number, of:
Examples of Adjusted Availability in a sentence
Any fixed dollar threshold set forth in the definition of “Payment Conditions”, “Distribution Conditions”, “Liquidity Event” or “FCCR Test Amount” or otherwise relating to any measure of Global Availability or Adjusted Availability shall be proportionately adjusted to reflect any voluntary reduction of the Revolving Commitments pursuant to Section 2.07(b) or any Revolving Commitment Increase pursuant to Section 2.15.
More Definitions of Adjusted Availability
Adjusted Availability means at any time (a) the Borrowing Base, minus (b) Reserves other than Reserves deducted in the calculation of the Borrowing Base, minus (c) in each case, Aggregate Outstandings.
Adjusted Availability means, as of any date of determination, if such date is a Business Day, and determined at the close of business on the immediately preceding Business Day, if such date of determination is not a Business Day, the amount as determined by Agent at any time, in its Permitted Discretion equal to (x) the Borrowing Base, minus (y) the Revolver Usage (in each case, determined after giving effect to all sublimits and Reserves then applicable hereunder).
Adjusted Availability means, at any time of determination, an amount equal to (x) the Gross Availability minus (y) the aggregate Other Unsecured Indebtedness outstanding on such date.
Adjusted Availability means, as of any date of determination thereof, the result, if a positive number, of:
Adjusted Availability means, at any time, Availability plus unrestricted cash on hand in which the Lender has a first priority perfected security interest in excess of $1,000,000.
Adjusted Availability. At any time, an amount equal to the excess, if any, of (i) the lesser of (a) the Adjusted Facility Amount and (b) the Adjusted Maximum Availability over (ii) the Adjusted Advances Outstanding on such day; provided that during the Amortization Period, the Adjusted Availability shall be zero.
Adjusted Availability means as of any date of determination, if such date is a Business Day, and determined at the close of business on the immediately preceding Business Day, if such date of determination is not a Business Day, the amount as determined by Agent at any time, in its Permitted Discretion equal to (x) the sum of the U.S. Borrowing Base plus the Canadian Borrowing Base, minus (y) the sum of U.S. Revolver Usage plus Canadian Revolver Usage (in each case, determined after giving effect to all sublimits and Reserves then applicable hereunder).