Combined Availability definition

Combined Availability means, at any time, the sum of (a) Aggregate Availability and (b) Securitization Availability.
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Combined Availability means, at any time (a) the lesser of (i) the Maximum Revolver Amount and (ii) the Combined Borrowing Base, minus (b) in each case, the Aggregate Revolver Outstandings.
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Combined Availability of the Borrowers means, at any time:
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Examples of Combined Availability in a sentence

  • So long as this Agreement is in effect and until all Obligations have been fully satisfied, the Agent's Liens shall continue in full force and effect in all Collateral (whether or not deemed eligible for the purpose of calculating the Combined Availability or as the basis for any advance, loan, extension of credit, or other financial accommodation).

  • The Bank shall not otherwise be required to determine whether the applicable conditions precedent set forth in Article 10 have been satisfied or the requested Borrowing would exceed the Combined Availability on the Funding Date applicable thereto prior to making, in its sole discretion, any Bank Loan.

  • To the extent that the Agent has dominion and control of any Payment Accounts under the DIP Loan Agreement on the Closing Date, the Agent shall release such control and dominion as long as Combined Availability Threshold Event or an Event of Default does not exist as of the Closing Date.

  • The Agent shall determine, as of the Business Day immediately preceding the requested effective date of issuance of the Letter of Credit set forth in the notice from the Borrower pursuant to Section 2.3(d)(i), (i) the amount of the applicable Unused Letter of Credit Subfacility and (ii) the Combined Availability as of such date.

  • The Consolidated Fixed Charge Coverage Ratio shall be tested quarterly on a trailing four quarters basis, commencing with the quarter ending immediately prior to the date that Combined Availability is less than the amount required herein and shall continue to be tested until Combined Availability exceeds the amounts required herein for 3 consecutive fiscal quarters.


More Definitions of Combined Availability

Combined Availability means, at any time, an amount equal to (i) Availability plus (ii) Inventory Facility Availability, in each case at such time.
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Combined Availability means, at any time, the sum of (a) U.S. Availability at such time plus (b) Canadian Availability at such time.
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Combined Availability of the Borrower means, at any time:
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Combined Availability at any time, shall mean, as determined by the Administrative Agents in their reasonable credit judgment, the sum of (a) Canadian Testing Availability at such time plus (b) U.S. Testing Availability at such time.
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Combined Availability means (a) the sum of the Line Cap plus Canadian Incremental Availability plus Domestic Incremental Availability minus (b) Total Outstandings.
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Combined Availability means, at any time, the sum of (a) U.S. Availability at such time plus (b) Canadian Availability at such time. “Combined Line Cap” shall mean, at any time, the sum of (a) the U.S. Line Cap at such time and (b) from and after the Canadian Effective Date, the
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Combined Availability means at any time the aggregate of the Individual Availability of the Borrowers at such time.
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