Facility Availability Amount definition
Facility Availability Amount means, as of any date, the lowest of (a) the Aggregate Commitment, (b) the Borrowing Base as of such date less the excess, if any, of Total Unsecured Indebtedness (excluding Subordinated Debt) over the Outstanding Facility Amount and (c) the maximum aggregate Outstanding Facility Amount that could be outstanding on such date without causing the Unsecured Debt Service Coverage Ratio to fall below 2.00 to 1.00.
Facility Availability Amount means, at any time, an amount equal to (A) the lesser of (x) the Total First-Priority Commitment at such time and (y) the Borrowing Base, minus (B) the sum of the aggregate principal amount of the outstanding Tranche A Loans, plus the aggregate principal amount of the outstanding Tranche B Loan, plus the LC Exposure, plus (C) an amount (up to a maximum of $500,000,000) equal to the excess (if any) of the unrestricted cash reflected on the consolidated balance sheet of the Borrower and its Subsidiaries then most recently delivered to the Lenders over $500,000,000.
Facility Availability Amount means, at any time, an amount equal to (A) the lesser of (x) the Total First-Priority Commitment at such time and (y) the Borrowing Base, minus
Examples of Facility Availability Amount in a sentence
Subject to the terms and conditions of this Agreement, Bank shall make Reducing Facility Advances not exceeding the Reducing Facility Availability Amount as in effect from time to time.
In no event shall prepayments of the Loans made pursuant to clauses (d), (e), (f) or (g) of Section 3.1.1 be applied to the reduction of the Synthetic Facility Availability Amount.
More Definitions of Facility Availability Amount
Facility Availability Amount means, as of any date of determination, an amount equal to the greater of (a) zero, and (b) an amount equal to the Commitment Amount minus an amount equal to the sum of the aggregate Advances made by Lender as of such date, after taking into account the amount of the requested Advance.
Facility Availability Amount means (a) the principal amount opposite each applicable period below, with each "YEAR" meaning the period from the Closing Date (for Year 1, or the applicable anniversary of the Closing Date for subsequent years) to and including the day immediately preceding the next subsequent anniversary of the Closing Date: PERIOD AMOUNT ------ ------ Year 1 $ 75,000,000 Year 2 $175,000,000 Year 3 $225,000,000 Year 4 $250,000,000 Year 5 and later $275,000,000
Facility Availability Amount means, at any time, an amount equal to (A) the lesser of (x) the Total First-Priority Commitment at such time and (y) the Borrowing Base, minus (B) if the Available Liquidity at such time is less than $500,000,000, $200,000,000, minus (C) the sum of the aggregate principal amount of the outstanding Tranche A Loans, plus the aggregate principal amount of the outstanding Tranche B Loan, plus the LC Exposure, plus (D) an amount (up to a maximum of $500,000,000) equal to the excess (if any) of the unrestricted cash reflected on the consolidated balance sheet of the Borrower and its Subsidiaries then most recently delivered to the Lenders over $500,000,000.
Facility Availability Amount means (a) for the Initial Advance and any subsequent advances in the same Fiscal Quarter, an amount equal to the product of (i) Consolidated EBITDA for the most recently ended Fiscal Quarter multiplied by four (4), multiplied by (ii) three (3) (b) beginning in the first quarter following the Initial Advance, an amount equal to the product of (i) Consolidated EBITDA for the two (2) most recently ended Fiscal Quarters multiplied by two (2), multiplied by (ii) three (3), (c) beginning in the second quarter following the Initial Advance, an amount equal to the product of (i) Consolidated EBITDA for the three most recently ended Fiscal Quarters multiplied by four-thirds, multiplied by (iii) three (3), and (d) beginning in the third quarter following the Initial Advance and thereafter, an amount equal to the product of Consolidated EBITDA for the most recently ended period of four consecutive Fiscal Quarters multiplied by three (3); provided, that in the case of clauses (a), (b) and (c) above, 70% of revenue is generated under Field Producer Contracts with a weighted average remaining life of at least 36 months; provided further, in the case of clause (d) above, 70% of revenue is generated under Field Producer Contracts with a weighted average remaining life of at least 12 months.
Facility Availability Amount means, as of any date of determination, the sum of (a) the FILO Availability Amount and (b) the Revolver Availability Amount at such time.