Availability Event means the failure of the Borrowers to maintain Availability at least equal to the greater of (a) twelve and one half percent (12.50%) of the Loan Cap or (b) $35,000,000 and such failure shall continue for a period of five (5) or more consecutive Business Days.
Availability Event has the meaning provided in the definition of Trigger Event.
Availability Event means each period commencing on the date on which Availability shall have been less than the Availability Event Trigger Amount for three consecutive days and ending on the date that Availability has remained greater than the Availability Event Trigger Amount for 60 consecutive days; it being understood and agreed that there shall be no limit to the number of Availability Events that may occur during the Availability Period.
Examples of Availability Event in a sentence
Event Notice in respect of which the Viability Event has occurred prior to the occurrence of a Conversion Capital Availability Event.
Capital Availability Event, any Person or Persons acting in concert acquires control of UBS Group AG (other than as a result of an Exempt Reorganisation).
Event Notice in respect of which the Viability Event has occurred on or after the occurrence of a Conversion Capital Availability Event.
Event Notice given on or after the occurrence of a Conversion Capital Availability Event.
Event Notice given prior to the occurrence of a Conversion Capital Availability Event.
More Definitions of Availability Event
Availability Event means that the difference between (i) the lesser of (A) the Borrowing Base and (B) the Maximum Amount of the Facility less the aggregate outstanding principal amount of the CapEx Loans and (ii) the aggregate outstanding amount of the Revolving Loans and the Agent Loans, is less than $5,000,000.
Availability Event the occurrence of any date if, on such date, average daily Availability for the preceding 30-day period was less than (x) if the Guarantee Date has not yet occurred, US$17,000,000, or (y) on and after the Guarantee Date, US$25,000,000; provided that such Availability Event shall be deemed to be continuing until average daily Availability for any 90-day period thereafter (calculated as of any date during such period to reflect average Availability for the preceding 30 days) was no less than (x) if the Guarantee Date has not yet occurred, US$20,000,000, or (y) on and after the Guarantee Date, US$30,000,000.
Availability Event has the meaning set forth in Section 17.1.3.
Availability Event means each period commencing on the date on which Availability is less than $50,000,000 and ending on the date that Availability has remained greater than $65,000,000 for 90 consecutive days; it being understood and agreed that there shall be no limit to the number of Availability Events that may occur during the Availability Period.
Availability Event the occurrence of any date if, on such date the average sum of the daily Suppressed Availability and the daily Availability was less than US$32,500,000 for the preceding 3-day period.” “Commitment Fee Rate”: 0.50% per annum.
Availability Event means each period commencing on the date on which Covenant Availability is less than $50,000,000 and ending on the date that Covenant Availability has remained greater than $70,000,000 for 90 consecutive days; it being understood and agreed that there shall be no limit to the number of Availability Events that may occur during the Availability Period.
Availability Event has the meaning given to that term in Clause 0.