Purchase Availability Amount definition

Purchase Availability Amount means, as of any date, an amount equal to the excess, if any, of (i) the Maximum Net Investment as of such date over (ii) the Net Investment as of such date.
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Purchase Availability Amount means with respect to each Buyer and its related Managing Agent, as of any date, an amount equal to (i) in the case of Liberty, the Liberty Maximum Net Investment as of such date less the Liberty Net Investment as of such date, and (ii) in the case of Gotham, the Gotham Maximum Net Investment as of such date less the Gotham Net Investment as of such date.
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Purchase Availability Amount means, with respect to a
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Examples of Purchase Availability Amount in a sentence

  • The Buyer shall not purchase the Participation Interest on the Closing Date, or permit a Reinvestment to be made on any day, or increase its Net Investment on any Settlement Date, to the extent that the amount of such purchase or Reinvestment shall exceed the Purchase Availability Amount, or shall cause the Buyer's Allocation (after giving effect to such purchase or Reinvestment) to exceed 100%.

  • The Owners shall have no obligation to make an -------------------- Incremental Purchase on any day, to the extent that the amount of such purchase shall exceed the Purchase Availability Amount, or shall cause the Buyer's Percentage Interest (after giving effect to such purchase) to exceed 100%.

  • The Buyer shall not purchase the Participation Interest on the Effective Date, or permit a Reinvestment to be made on any day, or increase its Net Investment on any Settlement Date, to the extent that the amount of such purchase or Reinvestment shall exceed the Purchase Availability Amount, or shall cause the Buyer's Allocation (after giving effect to such purchase or Reinvestment) to exceed 100%.

  • A Buyer shall not purchase a Participation Interest on the Closing Date, or permit a Reinvestment to be made on any day, or increase the Liberty Net Investment or the Gotham Net Investment, as the case may be, to the extent that the amount of such purchase, Reinvestment or increase shall exceed the applicable Purchase Availability Amount, or shall cause the Aggregate Buyer’s Allocations (after giving effect to such purchase, Reinvestment or increase) to exceed 100%.

  • The Administrative Agent shall have no obligation to make an Incremental Purchase on any day, to the extent that the amount of such purchase shall exceed the Purchase Availability Amount, or shall cause the Investment Percentage (after giving effect to such purchase) to exceed 100%.

  • A Buyer shall not purchase a Participation Interest on the Closing Date, or permit a Reinvestment to be made on any day, or increase the Liberty Net Investment or the TRFCO Net Investment, as the case may be, to the extent that the amount of such purchase, Reinvestment or increase shall exceed the applicable Purchase Availability Amount, or shall cause the Aggregate Buyer's Allocations (after giving effect to such purchase, Reinvestment or increase) to exceed 100%.


More Definitions of Purchase Availability Amount

Purchase Availability Amount means with respect to each Buyer and its related Managing Agent, as of any date, an amount equal to (i) in the case of Liberty, the Liberty Maximum Net Investment as of such date less the Liberty Net Investment as of such date, and (ii) in the case of TRFCO, the TRFCO Maximum Net Investment as of such date less the TRFCO Net Investment as of such date.
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Related to Purchase Availability Amount

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

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

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

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of: