Average Facility Availability definition

Average Facility Availability means, on any day, an amount equal to the quotient of (a) the sum of the end of the day Facility Availability for each day during the period of 30 consecutive days ending on (and including) such date, divided by (b) 30 (i.e., the number of days in such period).
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Average Facility Availability means, on any day, an amount equal to the quotient of (a) the sum of the end of the day Facility Availability for each day 4
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Examples of Average Facility Availability in a sentence

  • At the last day of any Fiscal Quarter, the Borrower will not permit the Fixed Charge Coverage Ratio to be less than 1.25:1.00; provided that compliance with this Section 6.13 shall be required only at such times as Average Facility Availability is less than $100,000,000.

  • The information detailed below is to be submitted within two Business Days after the end of each period of two calendar weeks (each such bi-weekly period deemed to end on a Friday) at the end of which the Average Facility Availability is less than the greater of (x) 15% of the total aggregate Commitments and (y) $130,000,000.

  • The information detailed below is to be submitted within two Business Days after the end of each period of two calendar weeks (each such bi-weekly period deemed to end on a Friday) at the end of which the Average Facility Availability is less than the greater of (x) 20% of the total aggregate Commitments and (y) $150,000,000.

  • The information detailed below is to be submitted within two Business Days after the end of each calendar week (each such weekly period deemed to end on a Friday) at the end of which the Average Facility Availability is less than the greater of (x) 12.5% of the total aggregate Commitments and (y) $110,000,000.

  • If the Monthly Average Facility Availability for the month preceding any Test Date is less than $100,000,000, then Holdings shall not permit (i) the Consolidated Fixed Charge Coverage Ratio for the four-Fiscal Quarter period for which the most recent Compliance Certificate has been delivered (or is required to have been delivered) on or prior to such Test Date to be less than (ii) 1.00:1.00.