Applicable Excess Availability Amount definition

Applicable Excess Availability Amount means an amount equal to 10% of the Maximum Revolver Amount.
View Source
Applicable Excess Availability Amount means $20,000,000.
View Source
Applicable Excess Availability Amount means, as of any date of determination thereof, $10,000,000; provided, however, that the Applicable Excess Availability Amount shall be reduced to $1 on August 1, 2004 if prior to such date the Credit Parties are in compliance with each of the covenants set forth in §8.10 for and as of the end of the Parent's 2004 Fiscal Year, as determined based upon the financial statements and Borrowing Base and Collateral Update Certificate delivered by the Borrower with respect to and as of the end of such fiscal year."
View Source

More Definitions of Applicable Excess Availability Amount

Applicable Excess Availability Amount means $25,000,000; provided, that if a Revolver Increase has been made in accordance with Section 2.2 of the Agreement, Applicable Excess Availability Amount means an amount equal to $25,000,000 plus 40% of the aggregate amount of Revolver Increases.
View Source
Applicable Excess Availability Amount means $25,000,000; provided, that, if the Maximum Revolver Amount has been increased to an amount in excess of $125,000,000 in accordance with Section 2.2 of the Agreement, Applicable Excess Availability Amount means, as of any date of determination, an amount equal to $25,000,000 plus 20% of the difference between (i) the Maximum Revolver Amount as of such date (after giving effect to all such increases) and (ii) $125,000,000; provided further that, notwithstanding the foregoing, at all times during the period commencing on the Fourth Amendment Effective Date and ending on the date 45 days after the Fourth Amendment Effective Date, Applicable Excess Availability Amount means $15,000,000.
View Source

Related to Applicable Excess Availability Amount

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

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Excess Available Funds Percentage means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.