Adjusted Availability definition

Adjusted Availability means, at any time, an amount equal to (a) the Borrowing Base determined by reference to the most recent Collateral and Loan Status Report delivered to the Agent without giving effect to the Maximum Revolver Amount minus (b) the Aggregate Revolver Outstandings after giving effect to any Revolving Loans and Pending Revolving Loans made or requested at such time.

Adjusted Availability means, as of any date of determination thereof by the Agent, the result, if a positive number, of:

Adjusted Availability means, as of any date of determination, if such date is a Business Day, and determined at the close of business on the immediately preceding Business Day, if such date of determination is not a Business Day, the amount as determined by Agent at any time, in its Permitted Discretion equal to (x) the Borrowing Base, minus (y) the Revolver Usage (in each case, determined after giving effect to all sublimits and Reserves then applicable hereunder).

Examples of Adjusted Availability in a sentence

• The Adjusted Availability Rate is the weighted average of the rates for all Contract Schedules for a given Settlement Account and adjusted for premium zones and discount zones.We calculate Availability Payments once a month in the month following the contract month and apply them as a manual line item to the last trading day of the month following the contract month.

• After giving effect to all Borrowings to be made on the Effective Date and the issuance of any Letters of Credit on the Effective Date and payment of all fees and expenses due hereunder, and with all of the Loan Parties’ Indebtedness, the Borrowers’ Adjusted Availability shall not be less than $5,000,000.

• Figure 3: Credit Card Credit Outstanding as a Share of Disposable Income (Seasonally Adjusted) Availability of Consumer Credit CardsSince the CARD Act was implemented, many subprime consumers have exited the mainstream credit card market.8 As Table 1 illustrates, the share of subprime accounts has declined from 25% of open accounts to less than 19% over the past twelve years — a loss of almost 18 million subprime cardholders.

• These figures are a comparison of the Adjusted Availability (Section 3) percentages, and the actual workforce (Section Two) percentages.

• Nine Bay Area Counties are Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano, Sonoma.(2) Source of DBE Query Data: https://californiaucp.dbesystem.com/(3) NAICS data is from the U.S. Census Bureau's 2020 County Business Patterns(4) Median DBE Participation for FFY 2007-08 through FFY 2015-16 on similar TJPA contracts(5) Adjusted Availability, if applicable, would be the average of the Step One Base Figure and the Past DBE Participation.

More Definitions of Adjusted Availability

Adjusted Availability means, as of any date of determination thereof, the result, if a positive number, of:

Adjusted Availability means at any time (a) the Borrowing Base, minus (b) Reserves other than Reserves deducted in the calculation of the Borrowing Base, minus (c) in each case, Aggregate Outstandings.

Adjusted Availability. At any time, an amount equal to the excess, if any, of (i) the lesser of (a) the Adjusted Facility Amount and (b) the Adjusted Maximum Availability over (ii) the Adjusted Advances Outstanding on such day; provided that during the Amortization Period, the Adjusted Availability shall be zero.

Adjusted Availability means, at any time, Availability plus unrestricted cash on hand in which the Lender has a first priority perfected security interest in excess of $1,000,000.

Adjusted Availability means as of any date of determination, if such date is a Business Day, and determined at the close of business on the immediately preceding Business Day, if such date of determination is not a Business Day, the amount as determined by the Administrative Agent at any time, in its Permitted Discretion, equal to the remainder of (a) the Aggregate Borrowing Base minus (b) the sum of the U.S. Revolving Credit Outstandings and the Canadian Revolving Credit Outstandings (in each case, determined after giving effect to all sublimits and Reserves then applicable hereunder).

Adjusted Availability. Amount. As at any date of determination, the lesser of (a) the Maximum Amount, and (b) the Borrowing Base minus the Rate Protection Exposure."

Adjusted Availability means, as of any date of determination, an amount, determined by the Lender in a commercially reasonable manner, equal to the excess of (a) the Revolving Loan Limit OVER (b) the sum of (i) the principal amount of all outstanding Revolving Loans and all Letter of Credit Obligations PLUS (ii) the aggregate amount of all outstanding and unpaid trade payables and other obligations of the Borrowers which are more than sixty (60) days past due as of such date.