Availability Limit. Should the Outstanding Amount of Loans plus the Outstanding Amount of L/C Obligations at any time exceed the Availability, Borrower shall immediately repay such excess to Administrative Agent, for the account of the Lenders and/or deliver to Administrative Agent Cash Collateral pursuant to Section 2.5.5 hereof, in the amount of the excess of the outstanding but undrawn Letters of Credit over the Availability.
Availability Limit. Should the aggregate principal amount of the outstanding Loans other than Swing Loans at any time exceed the Availability, the Company shall immediately repay such excess to the Administrative Agent, for the account of the Banks; provided, however, that in the event that the aggregate amount of outstanding but undrawn Letters of Credit exceeds the Availability, the Company shall deliver cash collateral to the Administrative Agent in the amount of such excess.
Availability Limit. Availability Limit: For the Fiscal Quarter under review, set forth:
a. EBITDA (enter IIA(n) above) $
b. Multiplied by the Maximum Permitted Leverage Ratio as of such Fiscal Quarter end x Total $
c. Less Total Funded Debt (exclusive of the Aggregate Outstandings) See: A(f) less A(a). - $_____________
d. Availability Limit $
Availability Limit. Lender shall have determined that immediately after giving effect to a request for an Advance under the Credit Facility, the principal amount outstanding under the Credit Facility shall not exceed the Availability Limit.
Availability Limit. Should the aggregate principal amount of the outstanding Loans other than Swing Loans at any time exceed the Availability, the Company shall immediately repay such excess to the Administrative Agent, for the account of the Banks. Should the aggregate principal amount of the outstanding Swing Loans at any time exceed the Swing Line Availability, the Company shall immediately repay such excess to the Administrative Agent, for the account of the Swing Line Lender.
Availability Limit. Availability Limit: For the Fiscal Quarter under review, set forth:
a. EBITDA (enter IIA(m) above) $ ____________
Availability Limit. Should the aggregate principal amount of the outstanding Loans at any time exceed the Availability, the Company shall immediately repay such excess to the Administrative Agent, for the account of the Banks. Should the aggregate principal amount of the outstanding Working Capital Borrowings at any time exceed the Working Capital Availability, the Company shall immediately repay such excess to the Administrative Agent, for the account of the Banks.
Availability Limit. The definition of “Availability Limit” contained in Section 1.01 (Defined Terms) of the Credit Agreement is amended and restated in its entirety as follows:
Availability Limit. For any hour the maximum number of MW which NY-Gen LLC is obligated to make Available from the Facility pursuant to this Agreement, as identified in Schedule A.
Availability Limit. Notwithstanding anything herein contained to the contrary, the Maximum Permitted Balance shall be limited to the Availability Limit, as determined from time to time. If on any Availability Determination Date, the Aggregate Outstandings are in excess of the Availability Limit:
(i) Borrower shall not be entitled to any further Borrowings until the Availability Limit is demonstrated to be in excess of the Aggregate Outstandings as of a subsequent Availability Determination Date, and then only to the extent of such excess;
(ii) so long as no Default or Event of Default shall have occurred and remains continuing, Borrower shall cause the Aggregate Outstandings to be reduced to no more than the most recently determined Availability Limit on or before five (5) Banking Business Days following such Availability Determination Date; and
(iii) notwithstanding the provisions set forth in subparagraph (ii) hereinabove, if a Default or Event of Default shall have occurred and remains continuing, then the Borrower shall cause the Aggregate Outstandings to be reduced to no more than the most recently determined Availability Limit on or before the Banking Business Day following such Availability Determination Date.
