Availability Limit definition

Availability Limit means (a) during the Interim Period, the Interim Facility Commitment Cap and (b) during the Final Period, the Aggregate Commitments.
View Source
Availability Limit means, on any date, an amount equal to the lesser of (i) the aggregate amount of the Commitments at such date and (ii) $51,000,000. The Availability Limit may be increased only by an amendment in accordance with Section 8.05, which the Banks may agree to or not agree to in their sole discretion.
View Source
Availability Limit means, at any time, the least of (a) the Aggregate Commitments at such time, (b) the Borrowing Base at such time and (c) $75,000,000.
View Source

Examples of Availability Limit in a sentence

  • If a drought Force Majeure Event reduces the Availability of a hydroelectric Unit, the Availability shall be determined as if the Unit were available up to its Unit Availability Limit in effect prior to the Force Majeure Event until the Unit’s Availability is restored following the end of the drought Force Majeure Event.

  • Lack of available water shall not be deemed to result in a failed test and reduction of the Unit Availability Limit for a hydroelectric Unit.

  • If the Parties so agree, the Maximum Net Dependable Capacity, Unit Availability Limit and performance characteristics of the affected Unit shall be adjusted to reflect CAISO’s agreed upon rights to the Upgrade provided that any adjustment in heat input shall be made in accordance with Section 4.9(d).

  • If Owner has disputed a Dispatch Notice under Section 4.6 (i) (Minimum Load) (ii) (Minimum Run Time) (iii) (Minimum Off Time) (iv) (Start-up Lead Time and Ramping constraint), or (v) (Unit Availability Limit) and such dispute is not resolved prior to the time for delivery, Owner will use reasonable efforts to comply with the Dispatch Notice, but shall not be liable to CAISO if it is unable to do so and Owner prevails in the dispute.

  • If Owner has disputed a Dispatch Notice under Section 4.6 (i) (Minimum Load) (ii) (Minimum Run Time) (iii) (Minimum Off Time) (iv) (Start-up Lead Time and Ramping Constraint), or (v) (Unit Availability Limit) and such dispute is not resolved prior to the time for delivery, Owner will use reasonable efforts to comply with the Dispatch Notice, but shall not be liable to CAISO if it is unable to do so and Owner prevails in the dispute.


More Definitions of Availability Limit

Availability Limit means, on any date occurring during a Collateral/Covenant Period, the aggregate principal amount of the Revolving Credit Commitments and Term Loans that, when taken together (without duplication) with the aggregate principal amount of all Priority Debt of the Borrower and its Subsidiaries then outstanding, would not exceed 20% of the Consolidated Net Worth (determined as of the last day of the most recently ended four fiscal quarter period of the Borrower for which financial statements have been or are required to be delivered pursuant to Section 8.1(a) or (b)).
View Source
Availability Limit means each of the limits on the utilisation of the Facilities established or referred to in Clause 6 (Restrictions applicable to Individual Facilities).
View Source
Availability Limit shall be as defined in Schedule A.
View Source
Availability Limit means the sum of the following, all as determined in the reports delivered to Administrative Agent and each Lender in accordance with Sections 6.01(a) and (b) of this Agreement: (a) 35% of the book value of Borrower's inventory; plus (b) 80% of the book value of Borrower's accounts receivable; plus (c) 100% of any funds maintained in the Borrower's Supplemental Borrowing Account.”
View Source
Availability Limit means the sum of the following, all as determined in the reports delivered to Administrative Agent and each Lender in accordance with Sections 6.01(a) and (b) of this Agreement: (a) 40% of the book value of Borrower's inventory; plus (b) 80% of the book value of Borrower's accounts receivable; plus (c) 100% of any funds maintained in the Supplemental Borrowing Account.
View Source
Availability Limit at any time shall mean the greater of (i) $15,000,000 and (ii) 10.0% of the lesser of (x) the Total Revolving Credit Commitment at such time and (y) the Borrowing Base at such time (as determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 5.04, as adjusted in accordance with this Agreement); provided that, during the period commencing on April 1 through August 31 of each year, “Availability Limit” shall mean $20,000,000.
View Source
Availability Limit means, on any date, an amount equal to the lesser of (i) the aggregate amount of the Commitments at such date and (ii)(x) at any date prior to the Arcadia Date, $46,000,000 and (y) at any date on or after the Arcadia Date, $52,000,000. The Availability Limit may be increased only by an amendment in accordance with Section 8.05, which the Banks may agree to or not agree to in their sole discretion.
View Source