ABL Excess Availability definition

ABL Excess Availability means “Excess Availability” as defined in the ABL Credit Agreement.
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ABL Excess Availability means, at any time, an amount equal to (a) the ABL Line Cap, minus (b) the aggregate ABL Revolving Exposures of all ABL Revolving Lenders at such time.
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ABL Excess Availability means “Availability” as such term is defined in the ABL Credit Agreement.
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Examples of ABL Excess Availability in a sentence

  • The Company will not at any time permit ABL Excess Availability to be less than the greater of (a) $80,000,000 (or as such amount shall be increased pursuant to Section 2.09(g) of the ABL Credit Agreement as in effect on the Closing Date) and (b) ten percent (10.0%) of the ABL Maximum Credit Amount (without giving effect to the Term Loan Push-Down Reserve).


More Definitions of ABL Excess Availability

ABL Excess Availability means “Excess Availability” as defined in the ABL Credit Agreement (as in effect on the Closing Date without giving effect to any amendment, modification or waiver thereof).
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ABL Excess Availability means, at any time, the positive or negative amount equal to (a) the Stipulated ABL Borrowing Base minus (b) the Revolving Exposure.
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ABL Excess Availability shall be the amount calculated as “Excess Availability” in the ABL Credit Agreement; provided that in all instances and for all purposes hereunder, such amount shall be net of the Push Down Reserve, if any, and the Availability Block (in each case, without duplication to the extent the Availability Block and Push Down Reserve may already be included in the calculation (including component definitions) of “Excess Availability” in the ABL Credit Agreement.
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ABL Excess Availability means “Excess Availability” as such term is defined in the ABL Credit Agreement. “ABL Lenders” means the “Lenders” (or any analogous term) as defined in the ABL Credit Agreement. “ABL Loan Cap” means the “Loan Cap” as defined in the ABL Credit Agreement.
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ABL Excess Availability means “Availability” as such term is defined in the ABL Credit Agreement. “ABL Intercreditor Agreement” means the Intercreditor Agreement, dated as of the date hereof, by and among the Administrative Agent and the ABL Agent, as acknowledged by the Loan Parties as amended, restated, amended and restated, supplemented or otherwise modified from time to time. “ABL Lenders” means the “Lenders” as such term is defined in the ABL Credit Agreement. “ABL Loan Documents” means the “Loan Documents” as such term is defined in the ABL Credit Agreement.
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ABL Excess Availability shall have the meaning provided to the term “Excess Availability” in the ABL Credit Agreement as in effect on the date hereof. For the avoidance of doubt, calculation of Excess Availability under the ABL Credit Agreement shall in all instances take into account the Wind-up Reserve (if applicable) and the Push Down Reserve.
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Related to ABL 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.

  • 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 the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

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

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Excess Available Funds Percentage means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.

  • Maximum Credit means, at any time, (a) the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time minus (b) the aggregate amount of any Availability Reserve in effect at such time.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • 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.

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

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Effective Leverage Ratio has the meaning set forth in the Statement.