Average Daily Excess Availability definition

Average Daily Excess Availability means the average daily Excess Availability for the immediately preceding Fiscal Quarter.
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Average Daily Excess Availability means, for any period, the result of the sum of the Excess Availability as of the end of each day during such period, divided by the number of days in such period.
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Average Daily Excess Availability means, as of any day, the average of the daily Available Facility Amounts for the immediately preceding Fiscal Quarter.
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Examples of Average Daily Excess Availability in a sentence

  • The LIBOR loans bear interest at LIBOR plus an applicable margin of (a) 2.25% if the Average Daily Excess Availability Percentage (as defined in the ABL Facility Credit Agreement) exceeds 25% or (b) 2.50% if the Average Daily Excess Availability Percentage is equal to 25% or less.

  • The LIBO Loans under the ABL bear interest at the LIBO Rate plus 1.50%, with one step-down to the LIBO Rate plus 1.25% if the Average Daily Excess Availability (as defined in the Prepetition Credit Agreement) is equal to or greater than 40% of the Revolving Loan Cap (as defined in the Prepetition Credit Agreement).

  • This is the real reason why only Warrior Lang and Priest Apprentice Xiong remain as Tuzi's Male leads.Shizi's thoughts: 'Sigh~ this is the fault of his lord's soul being reborn in one of the Male Leads in this world.

  • Borrowings under the Asset-Based Loan will be expected to bear interest at floating rates based on LIBOR, or comparable rate, or a base rate, and an applicable margin based on Average Daily Excess Availability (as defined in the Asset-Based Loan Agreement).

  • In no event shall the Commitment Fee Percentage be set at Level I prior to May 1, 2010 (even if the Average Daily Excess Availability requirements for Level I have been met).


More Definitions of Average Daily Excess Availability

Average Daily Excess Availability means, as of any date of determination thereof, the average daily Excess Availability for the immediately preceding Fiscal Quarter.
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Average Daily Excess Availability means, with respect to any fiscal quarter, (a)(i) the sum of Excess Availability for each day during such fiscal quarter, divided by (ii) the number of days in such fiscal quarter, divided by (b)(i) the Aggregate Commitments in effect for each day during such fiscal quarter divided by (ii) the number of days in such fiscal quarter.
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Average Daily Excess Availability means the average daily Excess Availability for the immediately preceding fiscal quarter of the Borrowers.
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Average Daily Excess Availability means for any fiscal quarter, an amount equal to the sum of Excess Availability for each day of such fiscal quarter divided by the actual number of days in such fiscal quarter, as determined by the Administrative Agent, which determination shall be conclusive absent manifest error.
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Average Daily Excess Availability means, as of any date of determination, the average daily Excess Availability for the immediately preceding Fiscal Quarter most recently ended.
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Average Daily Excess Availability means, for any period, the result of (a) the sum of the aggregate amount by which the Maximum Revolver Amount exceeds the Revolver Usage as of each Business Day during such period (calculated as of the end of each Business Day during such period) divided by (b) the number of Business Days in such period.
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Average Daily Excess Availability contained in Section 1.01 of the Credit Agreement are hereby deleted from the Credit Agreement in their entirety.
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