Average Monthly Excess Availability definition

Average Monthly Excess Availability means, for any calendar month, the sum, without duplication, of (i) the average daily Total Excess Availability plus (ii) the average daily unrestricted cash of Equistar and its Subsidiaries (as determined by Equistar from treasury records on a non-GAAP basis), in each case for such calendar month.
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Average Monthly Excess Availability means, for any calendar month, the average daily Receivables Excess Availability for such calendar month.
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Average Monthly Excess Availability means, for any calendar month, an amount obtained by adding the actual amount of Availability on each day during such month (as determined by Agent in accordance with the terms of the Agreement) and by dividing such sum by the number of days in such month.
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Examples of Average Monthly Excess Availability in a sentence

  • Once activated, the Fixed Charge Coverage Ratio requirement of this Section 7.27 shall remain in effect until such time as (a) Borrower has maintained the required Average Monthly Excess Availability for 2 consecutive calendar months and (b) no Default or Event of Default then exists.

  • Average Monthly Excess Availability (as such term is defined herein below) with respect to any month commencing after the Petition Date shall not be less than $5,000,000.


More Definitions of Average Monthly Excess Availability

Average Monthly Excess Availability has the meaning set out in the U.S. RPA.
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Average Monthly Excess Availability means, as of any date of determination, the average amount of Excess Availability during the prior calendar month of Parent (tested on a weekly basis); provided, that with respect to any date of determination less than one month after the Closing Date, such determination shall be made for the actual number of days from and including the Closing Date through such date of determination.
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Average Monthly Excess Availability means, for any calendar month, (a) average Availability for such month of not less than $30,000,000 and (b) Availability of not less than $20,000,000 on each day of such month. For purposes of this definition, average Availability shall mean, for any calendar month, an amount obtained by adding the aggregate of the actual amount of Availability on each day during such month (as determined by Agent) and by dividing such sum by the number of days in such month.
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Average Monthly Excess Availability means, for any calendar month, the average daily Receivables Excess Availability for such calendar month. “Business Day” means any day (other than a Saturday or Sunday) on which (i) banks are not authorized or required to close in New York, New York or the
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Related to Average Monthly Excess Availability

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

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Average Availability means, with respect to any period, the sum of the aggregate amount of 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 Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Quarterly Excess Available Funds Percentage means, with respect to the July 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Excess Available Funds Percentage means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Average Delinquency Ratio on any Payment Date means the average of the Delinquency Ratios for the preceding three calendar months.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of: