Average Monthly Availability definition

Average Monthly Availability means, for any calendar month, an amount equal to the average daily Availability during such month.
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Average Monthly Availability means, for any calendar month, the average daily Availability for such calendar month. Average Monthly Availability shall be calculated by the Borrower Representative in a manner reasonably acceptable to the Administrative Agent.
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Average Monthly Availability means, as of any date of determination, (a) the average daily borrowing availability for the preceding month, less (b) the sum of (i) the average daily amount of Advances that were outstanding during the immediately preceding month, plus (ii) the average daily amount of the undrawn Letters of Credit that were outstanding during the immediately preceding month.
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Examples of Average Monthly Availability in a sentence

  • Monthly Average Availability is calculated via the following formula: Average Monthly Availability (%) = (Total hours in month-total unavailable hours in month) x 100 ------------------------------------------------------------ Total hours in a month OUTAGE: An Outage shall be deemed to commence upon the opening of a trouble ticket with the SAVVIS Network Control Center and shall be deemed to terminate upon the restoration of service.

  • Monthly Average Availability is calculated via the following formula: Average Monthly Availability(%) = (Total hours in month-total unavailable hours in month) *100 ----------------------------------------------------- Total hours in a month OUTAGE: An Outage shall be deemed to commence upon the opening of a trouble ticket with the SAVVIS Network Control Center and shall be deemed to terminate upon the restoration of service.

  • The Borrower will not permit, at any time when Average Monthly Availability is less than an amount equal to 15% of the Commitments at such time, the Fixed Charge Coverage Ratio at the end of any fiscal month to be less than 1.0:1.0.


More Definitions of Average Monthly Availability

Average Monthly Availability means, at any time, (a) the average Availability for the most recently ended month for which a Borrowing Base Certificate has been delivered pursuant to Section 5.01(g) or (b) if weekly Borrowing Base Certificates are required to be delivered under Section 5.01(g), the average Availability for the most recently ended four weeks for which Borrowing Base Certificates have been delivered.
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Average Monthly Availability means, as of any date of determination, ----------------------------
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Related to Average Monthly Availability

  • Average Daily Availability means the average daily Availability for the immediately preceding Fiscal Quarter.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • 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.

  • 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.

  • Monthly Average means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month. For Fecal Coliform Bacteria (FCB) or E-Coli, report the monthly average.