Minimum Availability Requirement definition

Minimum Availability Requirement has the meaning given such term in Section 5.04.
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Minimum Availability Requirement means the amount, as calculated under the Existing Securitization Facility, equal to the lesser of (i) $350,000,000 and (ii) the excess of (A) the "Eligible Receivables Balance" less the amount by which the "Eligible Receivables Balance" exceeds the "Concentration Limits" for all "Obligors" (each defined term as defined in the Existing Securitization Facility) over (B) the "Aggregate Reserves" (as defined in the Existing Securitization Facility), in each case, calculated in a manner consistent with the methodology used immediately prior to the termination of the Existing Securitization Facility as exemplified by the underlying calculations reflected in Schedule 2 to this Annex X.
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Minimum Availability Requirement means, with respect to any proposed payments under Section 3.1(ii), satisfaction of each of the following conditions: (i) Availability at any time during the ninety-day period immediately preceding the date of such payment shall not be less than $30,000,000 for any three consecutive days, (ii) on the date of such payment and after giving effect thereto, Availability shall not be less than $30,000,000, and (iii) Availability at any time during the four-month period immediately succeeding the date of such payment shall be projected to be no less than $30,000,000, as set forth in projections prepared by Borrower and reasonably acceptable to Senior Agent.
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Examples of Minimum Availability Requirement in a sentence

  • On-call service payments will not be applied to those employees on the Minimum Availability Requirement (MAR) list (see Section 60.8).

  • If an SRAS is Unavailable solely as a result of an Event of Force Majeure or an act or omission of AEMO: the SRAS is taken to be Available for the purposes of determining the payment due to the SRAS Provider in respect of the Availability Charge; and that Unavailability is to be disregarded in determining whether the SRAS meets the Minimum Availability Requirement.

  • Minimum Availability Requirement For the purposes of determining whether the Minimum Availability Requirement for an SRAS has been met, and the extent of any shortfall, the Availability of the SRAS is measured over each Relevant Period in accordance with paragraph (b).

  • A termination notice given under paragraph (a)(iii) or (iv) must set out how compliance with the Minimum Availability Requirement or SRAS Equipment Reliability level was measured.

  • A termination notice given under paragraph (a)(iii) or (iv) must set out how compliance with the Minimum Availability Requirement or SRAS Equipment relevant Individual Reliability Llevel was measured.

  • This obligation: applies at all times, including during any periods excluded from the calculation of the Minimum Availability Requirement; and incorporates and is subject to the requirements of clause [7] regarding maintenance of the NMAS Equipment.

  • Non liquidating distributions will be made to LPs in accordance with their Percentage Interests.

  • During any period when an NMAS is Unavailable solely as a result of an Event of Force Majeure or an act or omission of AEMO, it is nevertheless taken to be Available for the purpose of determining whether the NMAS meets the Minimum Availability Requirement.

  • A termination notice given under paragraph (a)(ii) must set out how compliance with the Minimum Availability Requirement was measured.

  • Other Fees: $15 Wire Fees $300 Monthly CSI Fee Minimum Availability Requirement: $2,000,000 at closing and average availability of $2,000,000 on a monthly basis at all times thereafter.


More Definitions of Minimum Availability Requirement

Minimum Availability Requirement as defined in the Streamline Agreement is hereby amended to read as follows: “Borrower maintains unrestricted cash (and cash equivalents) at Silicon plus “Minimum Excess Availability” (as defined in Streamline Agreement) in excess of $2,500,000”.
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Minimum Availability Requirement means at any time $75,000,000.
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Minimum Availability Requirement means the aggregate amount of (a) cash and Cash Equivalents of Parent and its Subsidiaries on a Consolidated basis plus (b) availability under the Line of Credit, in an amount greater than $5,000,000.
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Minimum Availability Requirement shall have the meaning as set forth in the CIT Subordination Agreement.
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Minimum Availability Requirement means either (i) Revolving Credit Availability in excess of $15,000,000 or (ii) Revolving Credit Availability of at least $7,500,000 and additional Collateral Availability in excess of the Revolving Credit Facility, which, when added to the Revolving Credit Availability, exceeds $15,000,000.
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Minimum Availability Requirement has the meaning given such term in Section 5.04.Minimum Collateral Amount” means, at any time, with respect to Cash Collateral consisting of Cash or deposit account balances, an amount equal to 100% of the Fronting Exposure of the Issuing Bank with respect to Letters of Credit issued and outstanding at such time.
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Related to Minimum Availability Requirement

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

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

  • System Availability means, with respect to any particular calendar month, the ratio obtained by subtracting Unscheduled Downtime during such month from the Total Monthly Time, and thereafter dividing the difference so obtained by the Total Monthly Time. Represented algebraically, System Availability for any particular calendar month is determined as follows:

  • Liquidity Requirement shall have the meaning as set forth in Section 2.12(b).

  • General Availability means the date a version of Software was first made available to be licensed by Sandvine customers.