Suppressed Availability definition

Suppressed Availability means, at any time, an amount, if positive, by which the Borrowing Base at such time exceeds the Aggregate Commitments at such time; provided that Suppressed Availability at any time shall not exceed 2.5% of the Aggregate Commitments at such time.
View Source
Suppressed Availability means, at any time, an amount equal to the amount (if any, but in no event less than zero) by which the Borrowing Base exceeds the aggregate Revolving Commitments at such time.
View Source
Suppressed Availability means (a) the amount of the Combined Borrowing Base minus (b) the Maximum Revolver Amount.
View Source

Examples of Suppressed Availability in a sentence

  • The terms and conditions -------------------------------- of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties.

  • Modified Availability: on any date of determination, an amount equal to the sum of (a) Availability, plus (b) the lesser of (i) Suppressed Availability; or (ii) $25,000,000.

  • The Agent may in its reasonable discretion waive any visit or inspection conducted pursuant to this Section 7.9(a) if at the time of determination (i) Suppressed Availability is greater than 50% of the Maximum Revolver Amount and (ii) the Total Indebtedness Leverage Ratio is less than 3.50 to 1.00; provided, that the Agent may not waive a visit or inspection conducted pursuant to this Section 7.9(a) for two consecutive 12-month periods.

  • Suppressed Availability: on any date of determination, the difference between (a) the sum of the Accounts Formula Amount, plus the Inventory Formula Amount, minus the Availability Reserve, and (b) the aggregate amount of Revolver Commitments; provided, however, that if such difference is less than zero, Suppressed Availability shall be deemed to be zero.

  • Suppressed Availability – an amount equal to the difference derived when the sum of the principal amount of Revolving Credit Loans then outstanding (including any amounts which Agent or any Lender may have paid for the account of Co-Borrowers pursuant to any of the Loan Documents and which have not been reimbursed by Co-Borrowers), the LC Amount and any reserves, without duplication, is subtracted from the Collateral Borrowing Base.


More Definitions of Suppressed Availability

Suppressed Availability means the amount of excess, if any, of the amount of the Borrowing Base over the Aggregate Revolving Commitment.
View Source
Suppressed Availability means, as of any date of determination, the positive difference, if any, between (a) (i) the Borrowing Base as of such date minus (ii) all Availability Reserves and Dilution Reserves and (b) the aggregate amount of the Lenders’ Commitments as of such date.
View Source
Suppressed Availability means the amount, as determined by Lender, calculated at any time, which Borrowers shall otherwise be entitled to borrow under applicable lending formulas but which shall not be available to, and which shall be withheld from, Borrowers.
View Source
Suppressed Availability means, as of any date of determination, the result (so long as it is a positive number) of (a) the Borrowing Base as of such date, minus (b) the Maximum Revolver Amount as of such date; if the result of the foregoing is a negative number, then Suppressed Availability is zero.
View Source
Suppressed Availability means, the amount, if positive, by which the Borrowing Base exceeds the Aggregate Commitments.
View Source
Suppressed Availability means as of any date of determination the amount, if any, by which the Borrowing Base on such date exceeds the aggregate Commitments of all Lenders then outstanding.
View Source
Suppressed Availability means the amount (not less than zero) by which the then-applicable Borrowing Base exceeds the then-effective Commitments.
View Source