Average Daily Availability definition

Average Daily Availability means the average daily Availability for the immediately preceding Fiscal Quarter.

Average Daily Availability means, for any Fiscal Quarter, an amount equal to the sum of Availability for each day of such Fiscal Quarter divided by the actual number of days in such Fiscal Quarter, as determined by the Agent, which determination shall be conclusive absent manifest error.

Average Daily Availability means, for any date of calculation, the average daily Availability, determined as of the close of business each day, for the subject period.

Examples of Average Daily Availability in a sentence

• It made use of modern communications to send instantly to Catholics around the world the world thebirthright, is disintegrating before our very eyes.

• The following formula will be used to determine Total Evaluated Price for agreement establishment purposes: (30 days x Average Daily Availability Rate) + (120 hours x Average Flight Rate) + (Fuel Cost) = Total Evaluated Price Fuel Cost = ([Hourly Fuel Consumption x 120 hours] x $5.81 per gallon of Jet-A Fuel) Note: Jet-A Fuel is established at $5.81 per gallon based on the February 2013 Government Fuel Survey.

• Borrower shall not permit its Average Daily Availability for the one-month period ending on the last day of any calendar month be less than $10,000,000.

• A Quarter:pplicable Margin: the margin set forth below, as determined by the Average Daily Availability for the last Fiscal Until June 30, 2020, margins shall be determined as if Level II were applicable.

• The reasonably detailed calculations with respect to the Average Daily Availability for the Fiscal Quarter ending ___________________ and Availability for each Fiscal Month of such Fiscal Quarter are attached hereto as Appendix II.

More Definitions of Average Daily Availability

Average Daily Availability means the average daily Revolving Availability for the immediately preceding three month period.

Average Daily Availability means, as of any date of determination, the average daily Availability for the Fiscal Quarter most recently ended.

Average Daily Availability means the average daily Availability, in terms of percentage, determined for the month preceding the relevant Force Majeure Event;

Average Daily Availability means, for any Fiscal Quarter, an amount equal to (a) the sum of Availability for each day of such Fiscal Quarter divided by (b) the actual number of days in such Fiscal Quarter.

Average Daily Availability means, with respect to any fiscal quarter, (a)(i) the sum of Availability for each day during such fiscal quarter divided by (ii) the number of days in such fiscal quarter, divided by (b)(i) the sum of the total Revolving Commitments in effect for each day during such fiscal quarter divided by (ii) the number of days in such fiscal quarter.

Average Daily Availability has the meaning specified in the definition of “Applicable Margin”.

Average Daily Availability means, as of any date of determination, the average daily Availability for the immediately preceding Fiscal Quarter. “Bank of America” means Bank of America, N.A. and its successors.