Average Excess Availability definition

Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

Average Excess Availability means, for any period, Excess Availability for each day of such period, divided by the number of days in such period.

Average Excess Availability means, for any period of determination, the sum of Excess Availability for each day in such period, divided by the number of days in such period, as determined by the Domestic Agent in its commercially reasonable judgment.

Examples of Average Excess Availability in a sentence

• Such percentages shall be increased or decreased, as the case may be, to the applicable percentage (on a per annum basis) set forth below based on the Quarterly Average Excess Availability for the immediately preceding three (3) month period commencing on the first day of the month of such period.

• Where once support for no deal was taboo, it – or at least something closer to a hard Brexit - now seem a prerequisite for Tory leadership election success.

• Each Borrowing Base Certificate shall be correct and complete in all material respects and set forth a categorical breakdown of all Accounts and Inventory of the Borrower Parties, a calculation of Eligible Accounts, Eligible Credit Card Receivables, Eligible Inventory, and Eligible Life Insurance Policies as of such last day of the preceding fiscal period and a calculation of Average Excess Availability for the preceding fiscal quarter, fiscal month, or fiscal week, as the case may be.

• At any time Average Excess Availability is less than $30 million, permit Consolidated Net Worth for any Test Period to be less than $550 million.

• In addition, for purposes of this Section 7.14, “pro forma” shall mean that compliance with the Thirty Day Average Excess Availability test referred to immediately above shall be determined giving effect to such repurchase as if it occurred on the first day of such thirty (30) day period.

More Definitions of Average Excess Availability

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

Average Excess Availability means, (i) at any Adjustment Date, the average daily Excess Availability for the fiscal quarter immediately preceding such Adjustment Date or (ii) on any date that is not an Adjustment Date, the Average Excess Availability on the immediately preceding Adjustment Date.

Average Excess Availability means, as of the end of each calendar quarter, the daily average amount (calculated for such calendar quarter) of Excess Availability.

Average Excess Availability means, for any fiscal quarter, the sum of Excess Availability for each day of such fiscal quarter, divided by the actual number of days in such fiscal quarter.

Average Excess Availability means, at any Adjustment Date, the average daily Excess Availability for the calendar quarter immediately preceding such Adjustment Date.

Average Excess Availability means, as of any date of determination, the average daily Excess Availability for the immediately preceding Fiscal Quarter. The Administrative Agent shall provide the Lead Borrower with a calculation of Average Excess Availability on the fourth Business Day of each Fiscal Quarter for the immediately preceding Fiscal Quarter upon request of the Lead Borrower, or alternatively, give the Lead Borrower electronic access to the Administrative Agent’s systems to the extent necessary to provide such information.

Average Excess Availability. For any period, the sum of Excess Availability for each day comprising such period divided by the number of days in such period.