Average Daily Availability definition

Average Daily Availability means the average daily Availability for the immediately preceding Fiscal Quarter.
View Source
Average Daily Availability means, for any Fiscal Quarter, an amount equal to the sum of Availability for each day of such Fiscal Quarter divided by the actual number of days in such Fiscal Quarter, as determined by the Agent, which determination shall be conclusive absent manifest error.
View Source
Average Daily Availability means, for any date of calculation, the average daily Availability, determined as of the close of business each day, for the subject period.
View Source

Examples of Average Daily Availability in a sentence

  • The reasonably detailed calculations with respect to the Average Daily Availability for the Fiscal Quarter ending and Availability for each Fiscal Month of such Fiscal Quarter are attached hereto as Appendix II.

  • Borrower shall not permit its Average Daily Availability for the one-month period ending on the last day of any calendar month be less than $10,000,000.

  • For the thirty days prior to the Closing Date, Average Daily Availability shall have been not less than $2,000,000.

  • For the avoidance of doubt, loss of 25% (twenty-five per cent) in Availability for four days as compared to the Average Daily Availability shall entitle the Concessionaire to extension of one day in the Concession Period.

  • The reasonably detailed calculations with respect to the Average Daily Availability for the Fiscal Quarter ending ___________________ and Availability for each Fiscal Month of such Fiscal Quarter are attached hereto as Appendix II.


More Definitions of Average Daily Availability

Average Daily Availability means, for any period of determination, an amount equal to the sum of Availability for each day of such period divided by the actual number of days in such period, as determined by the Lender, which determination shall be conclusive absent manifest error.
View Source
Average Daily Availability means, as of any date of determination, the average daily Availability for the Fiscal Quarter most recently ended.
View Source
Average Daily Availability means the average daily Revolving Availability for the immediately preceding three month period.
View Source
Average Daily Availability means the average daily Availability, in terms of percentage, determined for the month preceding the relevant Force Majeure Event;
View Source
Average Daily Availability means, with respect to any fiscal quarter, (a)(i) the sum of Availability for each day during such fiscal quarter divided by (ii) the number of days in such fiscal quarter, divided by (b)(i) the sum of the total Revolving Commitments in effect for each day during such fiscal quarter divided by (ii) the number of days in such fiscal quarter.
View Source
Average Daily Availability means, with respect to any applicable period, the average daily Availability for such period.
View Source
Average Daily Availability means, as of any date of determination, the average daily Availability for the immediately preceding Fiscal Quarter. “Bank of America” means Bank of America, N.A. and its successors.
View Source