Maximum Availability Amount definition

Maximum Availability Amount means an amount at any time equal to the sum of (a) $28,750,000 plus (b) 12.5% of the aggregate increases of the Domestic Revolving Commitment effected as of such time pursuant to Section 2.09(d).

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Maximum Availability Amount means $500,000.

Maximum Availability Amount is Twenty Million Dollars ($20,000,000.00).”

Examples of Maximum Availability Amount in a sentence

Permit the aggregate principal amount of all outstanding Advances at any time to exceed the lesser of (i) the Commitment, and (ii) the Maximum Availability Amount at such time.
Simultaneously with any such required repayment, the Maximum Availability Amount shall be automatically and permanently reduced by an amount equal to the amount of Obligations so repaid or required to be repaid.
The unused portion of the Maximum Availability Amount, for purposes of this calculation, shall equal the difference between (a) the Maximum Availability Amount and (b) the average for the period of the daily closing balance of the Advances outstanding.
The Administrative Agent, in its sole and absolute discretion, shall have the right to permanently or temporarily decrease the Maximum Availability Amount (or increase the Maximum Availability Amount after any such decrease to the extent such increase is not greater than any such decrease) at any time for any duration.
The sum of (a) $20,000,000.00, minus (b) the greater of (i) an amount equal to one hundred percent (100%) of the aggregate Net Sales Proceeds from Tier II Properties after May 11, 2017, (ii) an amount equal to $5,000,000.00 on November 11, 2017, (iii) an amount equal to $10,000,000.00 on May 11, 2018, and (iv) an amount equal to $15,000,000 on November 11, 2018; and provided further that the Tier II Maximum Availability Amount shall reduce to zero dollars ($0.00), if not sooner, on May 11, 2019.

More Definitions of Maximum Availability Amount

Maximum Availability Amount is Ten Million Dollars ($10,000,000.00).

Maximum Availability Amount means, as of any date of determination, the maximum amount of the aggregate of all outstanding and requested Advances and all outstanding and requested Letters of Credit (collectively, the "AGGREGATE ADVANCES") which would not cause (x) the Loan to Value Ratio to exceed 0.65 to 1; provided, however, if the Minimum Pool Conditions are not then satisfied, the Aggregate Advances shall not cause the Loan to Value Ratio to exceed 0.5 to 1, or (y) the Imputed Debt Service Coverage Ratio for the Mortgaged Properties to exceed 1.40 to 1; provided, however, if the Minimum Pool Conditions are not then satisfied, the Aggregate Advances shall not cause the Imputed Debt Service Coverage Ratio to exceed 1.65 to 1.

Maximum Availability Amount means, as of any date of determination, the sum of:

Maximum Availability Amount means, as of any date of determination, the least of:

Maximum Availability Amount means, as of any date of determination, an amount equal to $245,000,000, subject to increase or decrease pursuant to Section 2.04(a) or 2.05 of this Agreement.

Maximum Availability Amount is Fifteen Million Dollars ($15,000,000.00).

Maximum Availability Amount is Fourteen Million Dollars ($14,000,000.00).

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