Examples of Availability Block in a sentence

Borrowing Base: on any date of determination, an amount equal to the lesser of (a) the aggregate amount of Revolver Commitments, minus the LC Reserve, minus the Availability Block; or (b) the sum of the Accounts Formula Amount, plus the Inventory Formula Amount, minus the Availability Reserve.
Availability: (i) the Borrowing Base minus (ii) the principal balance of all Revolver Loans minus (iii) the Availability Block.
Availability Block: an amount equal to the aggregate amount of Debt and Foreign Bank Product Debt made available to any Foreign Subsidiary (whether or not such Debt is outstanding) by Bank of America, N.A., JPMorgan Chase Bank, N.A. or any of their Affiliates.
The amount of such Borrowing shall not exceed the lesser of (i) Total Credit Facility Amount less the aggregate amount of Loans outstanding, in each case as of the proposed date of the borrowing, (ii) the net cash needs set forth in the most recently delivered Cash Flow Projections provided to the Lender, and (iii) the Total Credit Facility Amount times the applicable Availability Block, in each case as of the proposed date of the borrowing.
Seasonal Availability Block - as defined in the Revolving Credit Agreement.

More Definitions of Availability Block

Availability Block means $3,500,000.

Availability Block means, (a) at all times prior to the expiration of the Xxxxxxx Pre-Title Policy Period, an amount equal to the greater of (i)(x) $401,250, minus (y) the aggregate amount of principal payments made in respect of the Term Loan, and (ii) $0 and (b) at all times after the expiration of the Xxxxxxx Pre-Title Policy Period, $0.

Availability Block means $5,000,000.

Availability Block means an amount equal to $10,000,000.

Availability Block means an amount equal to $1,500,000.

Availability Block means the amount set forth in Section 1(f) of Annex I hereto.

Availability Block means Two Million Dollars ($2,000,000).