Alternate Availability definition

Alternate Availability means, on any date of determination, Suppressed Excess Availability; provided, however, that at all times that Excess Availability is less than 10% of the Revolving Credit Amount, “Alternate Availability” shall mean Excess Availability.
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Alternate Availability means, on any date of determination, Suppressed Excess Availability; provided , however , that at all times that Excess Availability is less than 10% of the Revolving Credit Amount, “Alternate Availability” shall mean Excess Availability.
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Alternate Availability means, on any date of determination occurring (a) during the period commencing on the Sixth Restatement Effective Date and ending on the earlier of (i) the date that is 180 days thereafter and (ii) the Sunshine Settlement Date (the earlier of such dates, the “Specified Anniversary Date”), the sum of (A) Excess Availability plus (B) the lesser of (1) Suppressed Availability and (2) 10% of the Aggregate Revolving Commitments, and (b) from and after the Specified Anniversary Date, the sum of (i) Excess Availability plus (ii) the lesser of (A) Suppressed Availability and (B) 5% of the Aggregate Revolving Commitments.
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Related to Alternate Availability

  • Average Availability means, with respect to any period, the sum of the aggregate amount of Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Service Availability The total number of minutes in a calendar quarter that the Tyler Software is capable of receiving, processing, and responding to requests, excluding maintenance windows, Client Error Incidents and Force Majeure.

  • System Availability means, with respect to any particular calendar month, the ratio obtained by subtracting Unscheduled Downtime during such month from the Total Monthly Time, and thereafter dividing the difference so obtained by the Total Monthly Time. Represented algebraically, System Availability for any particular calendar month is determined as follows: