Working Capital Availability definition

Working Capital Availability has the meaning specified in Section 2.01(b).

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Working Capital Availability means, at any time, the lesser of (a) the Aggregate Working Capital Commitments at such time or (b) the Working Capital Borrowing Base at such time.

Examples of Working Capital Availability in a sentence

Fees under this subsection (b)(i) shall accrue for each day from and after the issuance of the initial Letter of Credit, and accrued fees shall be payable on each Quarterly Date and on the earlier of the date the Working Capital Commitments are terminated or the last day of the Working Capital Availability Period and, if later, on the first day thereafter on which no Letters of Credit are outstanding.
No Letter of Credit shall have a term extending beyond the earlier of (i) one year from the date of issuance and (ii) seven Business Days prior to the last day of the Working Capital Availability Period.
The non-utilization fees shall accrue at all times during the Working Capital Availability Period, including at any time during which one or more of the conditions in Article V are not met, and shall be due and payable quarterly in arrears within fifteen (15) days of the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the Expiration Date.
Accrued commitment fees shall be payable on the Quarterly Dates and on the earlier of the date all Working Capital Commitments are terminated or the last day of the Working Capital Availability Period.
Accrued commitment fees shall be payable on the Quarterly Dates and on the earlier of the date the Commitments are terminated or, in the case of the Working Capital Commitments, the last day of the Working Capital Availability Period.

Working Capital Availability means "Domestic Excess Availability" as such term is defined in the Working Capital Loan Agreement as such agreement is in effect on the date hereof.

Working Capital Availability means "Availability" as such term in defined in the Working Capital Credit Agreement.

Working Capital Availability has the meaning specified in Section 3.01(b).

Working Capital Availability shall have the meaning assigned to the term “Borrowing Availability” in the Working Capital Agreement, as in effect on the Closing Date, whether or not such agreement remains in effect.

Working Capital Availability means, at any time, the difference between (a) $10,000,000.00 and (b) aggregate principal amount of all outstanding Working Capital Borrowings at such time. "Working Capital Borrowing" means a Borrowing used or to be used to finance the Company's operations.

Working Capital Availability means, on any date, an amount equal to the difference derived when the sum of the principal amount of Working Capital Advances then outstanding is subtracted from the lesser of (a) Loan Value, and (b) the Working Capital Commitments.

Working Capital Availability means, as of any date of determination, the Working Capital Sublimit minus the Working Capital Revolving Credit Exposure, in each case as determined on such date.