Closing Availability definition

Closing Availability means, if a Borrowing Base Report was prepared to be effective as of approximately 6:00 p.m. Eastern Time on the day prior to the Closing Date, the amount that would be reported thereon as “Undrawn Availability on the MidCap Line (after Borrowing Request).”
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Closing Availability means, at any time, an amount equal to the Borrowing Base, minus the Revolving Exposure of all Lenders.
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Examples of Closing Availability in a sentence

  • Prior to the DTC Closing Availability, the aggregate initial principal amount of the Restricted Certificated Note may from time to time be increased or decreased by the issuance of replacement Restricted Certificated Notes, in connection with an exchange or transfer of a Restricted Certificated Note, as provided in Annex B hereto.

  • Agent shall have determined that after giving effect to the Transactions (including, without limitation, the initial Loans, Letters of Credit and LC Guaranties contemplated hereby), and the payment of all closing costs incurred in connection with the Transactions, Closing Availability shall not be less than $1,300,000.

  • Upon the occurrence of the DTC Closing Availability, all Restricted Certificated Notes shall immediately without any [notice or other] action on the part of any Noteholder be exchanged or transferred for Series 2005-1 Notes in the form of one or more Restricted Global Notes or Regulation S Global Notes in accordance with Annex B hereto.

  • Prior to the DTC Closing Availability, each Class of the Series 2005-1 Notes offered and sold in reliance upon Regulation S may be issued in the form of one or more definitive Notes in fully registered form without interest coupons, substantially in the form set forth in Exhibits ▇-▇-▇-▇, ▇-▇-▇-▇, ▇-▇-▇-▇, ▇-▇-▇-▇ and A-5-2-C, with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Series Supplement.

  • Upon the occurrence of the DTC Closing Availability, the Restricted Certificated Notes shall immediately without any [notice or other] action on the part of any Noteholder, be transferred or exchanged, in whole and not in part, for Restricted Global Notes[, upon surrender of the Restricted Certificated Notes to be exchanged at any office or agency of the Registrar maintained for such purpose].

  • To the extent that the Availability Amount is increased to an amount that exceeds the largest amount of Availability Amount in existence at any time prior to such increase, a fee of one half percent (0.50%) of the incremental amount of any increases in the Availability Amount subsequent to Closing ("Availability Amount Increase Fee") shall be due upon such increased Availability Amount becoming effective.

  • Closing Availability - Availability minus all sums then due and owing by Borrower to trade creditors beyond normal trade terms.

  • Upon the occurrence of the DTC Closing Availability, all Restricted Certificated Notes shall immediately without any [notice or other] action on the part of any Noteholder be exchanged or transferred for Series 2005-2 Notes in the form of one or more Restricted Global Notes or Regulation S Global Notes in accordance with Annex B hereto.

  • For First Closing Availability (Option C under Clause 1.A of this Schedule), the System will re-open flights on the receipt of an 'AS' status message.

  • Upon making the initial Loans (including such Loans made to finance the fees, costs, and expenses then payable under this Agreement) and issuing any Letters of Credit on the date of making the initial Loans, Closing Availability shall not be less than $2,000,000.

Related to Closing Availability

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

  • Revolving Availability means, at the time of determination, (a) the sum of all Revolving Commitments at such time less (b) the sum of (i) the principal amount of Revolving Loans and Swing Loans made and outstanding at such time and (ii) the LC Outstandings at such time.

  • 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.

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Maximum Availability has the meaning set forth in Section 2.1.1.