Availability Conditions means and be deemed satisfied only if:
Availability Conditions means that, with respect to any Proposed Transaction, each of the following conditions are satisfied, as applicable:
Availability Conditions shall be deemed to be satisfied only if:
Examples of Availability Conditions in a sentence
The Availability Conditions on the proposed date of such Credit Extension shall be satisfied.
The Availability Conditions on the proposed date of such Credit Extension (other than Delayed Draw Term Loans) shall be satisfied.
OTHER FACTORS, Physical, Mobility, Availability, Conditions, etc.
Limited source of Funds The ability of the Issuer to meet its obligations to pay principal and interest on the Notes and its operating and administrative expenses will be dependent solely on receipts from the Loans in the Portfolio, interest earned on the Issuer Accounts and the availability of the Liquidity Reserve Fund (applied in accordance with the terms of the Cash Management Agreement and subject to the satisfaction of the relevant Liquidity Availability Conditions).
The U.S. Tranche B Revolving Lenders made U.S. Tranche B Revolving Loans to the U.S. Borrowers, prior to the Restatement Effective Date, in an aggregate principal amount outstanding that did not result in the Availability Conditions not being met.
More Definitions of Availability Conditions
Availability Conditions means, as of any date of determination, that (a) Excess Availability is on such date and has been on each day during the preceding ninety (90) day period no less than the greater of (x) 15% of the Maximum Revolver Amount as of such date and (y) $11,250,000 and (b) no Event of Default has occurred and is continuing.
Availability Conditions means, at the time of determination with respect to any specified transaction or payment, that (a) no Default then exists or would arise as a result of entering into such transaction or the making such payment, and (b) after giving effect to such transaction or payment, the Pro Forma Availability Condition has been satisfied. Prior to undertaking any transaction or payment which is subject to the Availability Conditions, a Responsible Officer of the Borrower shall have delivered a certificate to the Administrative Agent, together with supporting documentation (including a budget and projections for such twelve month period), which is reasonably satisfactory to the Administrative Agent, reflecting compliance with the foregoing.
Availability Conditions shall be deemed satisfied only if, as of the relevant date of determination:
Availability Conditions means, and will be satisfied with respect to any particular Borrowing as to which the satisfaction of the Availability Conditions is being determined if, as of the applicable date of such Borrowing (a) the Aggregate Exposure does not exceed the Line Cap as of such date, (b) with respect to any incurrence of US Exposure, the US Exposure does not exceed the US Borrowing Base as of such date and (c) with respect to any incurrence of German Exposure, the German Exposure does not exceed the German Sublimit as of such date, in each case, subject to the provisions hereof with respect to Permitted Overadvances and Permitted Overadvance Loans.
Availability Conditions means that, with respect to any proposed transaction, each of the following conditions are satisfied: (i) both immediately prior to and after giving effect to such transaction, no Default shall have occurred and be continuing, (ii) the average Excess Availability shall have been equal to or greater than $150 million (or, in the case of any such transactions under Section 6.08 and Section 6.11(a)(i), $180 million for the preceding 30 day period (based on the Borrowing Base Certificate last delivered or delivered at the time of such action) and Excess Availability shall be at least $150 million (or, in the case of any such transactions under Section 6.08 and Section 6.11(a)(i), $180 million after giving effect to such transaction and (iii) in the case of any such transactions under Section 6.08, Section 6.11(a)(i) and Section 6.11(b)(i), the Consolidated Fixed Charge Coverage Ratio, calculated on a pro forma basis to give effect to such transaction shall be at least 1.00 to 1.00.
Availability Conditions means, at any time of determination in respect of any Acquisition pursuant to Section 7.4(d), that, on a pro forma basis after giving effect to such Acquisition, either (a) Excess Availability, tested for the 180 days immediately preceding the date of such Acquisition, on the date of such Acquisition, and for the 180 days immediately following such Acquisition, shall not be less than the greater of 20% of the Aggregate Revolving Commitments and $45,000,000 or (b) both (i) Excess Availability, tested for the 180 days immediately preceding the date of such Acquisition, on the date of such Acquisition, and for the 180 days immediately following such Acquisition, shall not be less than the greater of 15% of the Aggregate Revolving Commitments and $33,750,000 and (ii) the Fixed Charge Coverage Ratio, tested as of the end of the Fiscal Month ending most recently before the date of such Acquisition for which financial statements are required to have been delivered in accordance with Section 5.1, shall be at least 1.00 to 1.00.
Availability Conditions means, at the time of determination with respect to any specified transaction or payment, that after giving effect to such transaction or payment, (i) the Borrowing Base is not less than an amount equal to $10,000,000 plus the Aggregate Commitments at the time of calculation, (ii) Excess Availability will be equal to or greater than twenty percent (20%) of the Borrowing Base, and is projected to be equal to or greater than twenty percent (20%) of the Borrowing Base, at all times, for the subsequent twelve (12) month period, provided that at least $25,000,000 of the Borrowing Base consists of Eligible Cash and Cash Equivalents, and (iii) to the extent that any Loans are outstanding or are projected to be outstanding during the subsequent twelve (12) month period, the Borrowers meet or exceed the Consolidated Fixed Charge Coverage Ratio Test ((A) as substitute for the satisfaction of Acquisition Conditions, 1.0:1.0, and (B) as substitute for the satisfaction of Payment Conditions and Prepayment Event, 1.1:1.0). Prior to undertaking any transaction or payment which is subject to the Availability Conditions, at the request of the Administrative Agent, the Loan Parties shall deliver to the Administrative Agent evidence of satisfaction of the above conditions on a basis reasonably satisfactory to the Administrative Agent.