Additional Availability Amount definition

Additional Availability Amount means (i) during the period commencing on August 1, 1999 and ending on September 15, 1999, 1999 an amount equal to $750,000 and (ii) at all times on and after September 16, 1999 an amount equal to zero.

Additional Availability Amount means an amount equal to (i) $1,300,000 during the period commencing September 12, 2006 and ending October 26, 2006, (ii) $2,500,000 during the period commencing October 27, 2006 and ending December 2, 2006, (iii) $500,000 during the period commencing December 3, 2006 and ending December 30, 2006, and (iv) zero at all times on and after December 31, 2006.

Additional Availability Amount means the sum of (a) the product of (i) 15% (or such lesser rate as determined from time to time by the Administrative Agent in its commercially reasonable discretion in accordance with Section 1.05) and (ii) the Appraised Value of all Eligible Real Estate (other than Eligible Real Estate consisting of the Principal Properties), plus (b) the product of (i) 15% (or such lesser rate as determined from time to time by the Administrative Agent in its commercially reasonable discretion in accordance with Section 1.05) and (ii) the Appraised Value of all Principal Properties; plus (c) during the period commencing on the Restatement Effective Date and ending on and including November 30, 2009, the lesser of

Examples of Additional Availability Amount in a sentence

• In the event that there shall be Excess Cash Flow for any fiscal year (commencing with fiscal year 2012), so long as the Maximum Additional Availability Amount is greater than $0, Borrower shall, no later than ninety days after the end of such fiscal year, prepay the Obligations in an aggregate amount equal to the Proportionate Share of 75% of such Excess Cash Flow; provided, that, in no event shall any such prepayment exceed the Maximum Additional Availability Amount at such time.

• Notwithstanding the foregoing, Borrowers shall not be entitled to obtain Advances in excess of $65,000,000 unless prior to May 15, 2000, AMRESCO shall have delivered written notice to the Lenders (the "Availability Increase Notice") to elect to increase the availability under the Revolving Credit Facility by $10,000,000 (and not less than such amount) (the "Additional Availability Amount"), from $65,000,000 to $75,000,000.

• Upon execution of this Amendment, Borrower requests that Lender fully funds the Additional Availability Amount to Borrower in accordance with this Amendment and the Agreement.

• The aggregate balance of Revolving Advances plus the aggregate amount of Letters of Credit outstanding at any time plus the Effective Additional Availability Amount shall not exceed the lesser of (a) Maximum Loan Amount or (b) the Formula Amount.

• As long as an Additional Availability Amount is available to be drawn or is outstanding, Borrower shall not open any new stores without the consent of the Agent; provided, that an existing store relocated to a new location shall not be treated as a new store for purposes hereof.

More Definitions of Additional Availability Amount

Additional Availability Amount means, as of any date of determination, the lesser of (i) $25,000,000 less any reduction in this clause (i) of the Additional Availability Amount under Section 3.3 and (ii) 20% of the Net Amount of Eligible Accounts less any reduction in this clause (ii) of the Additional Availability Amount under Section 3.3.

Additional Availability Amount means an amount equal to (i) $2,500,000 during the period commencing April 10, 2006 and ending June 30, 2006, (ii) $1,500,000 during the period commencing July 1, 2006 and ending July 28, 2006, and (iii) zero at all times on and after July 29, 2006.

Additional Availability Amount means $5,000,000; provided, that the Additional Availability Amount shall be automatically and permanently reduced by an amount equal to $[ ] on the first day of each calendar month (commencing on [ ], 2015) until the Additional Availability Amount has been permanently reduced to an amount equal to zero on January 31, 2016).

Additional Availability Amount means $500,000; provided, that at all times on and after February 1, 2001, Additional Availability Amount shall mean an amount equal to zero.

Additional Availability Amount means (i) during the period commencing on May 8, 1998 and ending on August 31, 1998 (the "Additional Availability Termination Date"), an amount up to $750,000 as designated in writing by EMS to Foothill, provided that such designation shall be in increments of $250,000 and (ii) at all times on and after the Additional Availability Termination Date, an amount equal to zero."

Additional Availability Amount means an amount equal to (i) $2,500,000 during the period commencing April 10, 2006 and

Additional Availability Amount means the lesser of (a) $750,000 minus $150,000 on the first day of each month after the Closing Date until exhausted, and (b) 75% of the amount of Accounts due to Borrower from any Account Debtor who has failed to pay such Account within 60 days of invoice date, but less than 90 days of invoice date, and that otherwise meet all other requirements for eligibility under the definition of "Eligible Accounts."