Receivables Excess Availability definition

Receivables Excess Availability means, at any time, the sum of (i) Available Capital plus (ii) Cash Assets at such time.
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Receivables Excess Availability has the meaning set out in the U.S. RPA.
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Receivables Excess Availability means the sum of (a) (i) Available Capital under the Canadian RPA and (ii) Available Capital under this Agreement plus (b) cash proceeds of Pool Receivables in a Deposit Account in the Agent’s name.
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Examples of Receivables Excess Availability in a sentence

  • Maintain on each day Receivables Excess Availability in an amount not less than $10,000,000 and Total Excess Availability in an amount not less than $15,000,000.


More Definitions of Receivables Excess Availability

Receivables Excess Availability means Available Capital plus cash proceeds of Pool Receivables in a Deposit Account in the Agent’s name.
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Receivables Excess Availability means, at any time, the sum of (i) Available Capital plus (ii) Cash Assets at such time. Receivables Excess Availability shall be determined, on a pro forma basis, based on the first monthly Seller Report delivered pursuant to Section 3.2(a)(i), to the extent required to be determined in respect of days prior to the Closing Date.
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Receivables Excess Availability means the sum of (a) (i) Available Capital under the Canadian RPA and (ii) Available Capital under this Agreement plus
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Receivables Excess Availability means, at any time, the sum of (i) Available Capital plus (ii) Cash Assets, determined as of the close of business on each Business Day giving effect to all changes in Cash Assets and in aggregate Capital outstanding during such Business Day.
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Related to Receivables Excess Availability

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each day in such period (as calculated by Agent as of the end of each respective day) divided by the number of days in such period.

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.

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

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount or (ii) the Maximum Revolving Advance Amount, minus (b) the sum of (i) the outstanding amount of Advances plus (ii) all amounts due and owing to Borrower's trade creditors which are outstanding beyond normal trade terms, plus (iii) fees and expenses for which Borrower is liable but which have not been paid or charged to Borrower's Account.