Combined Availability definition

Combined Availability means, at any time (a) the lesser of (i) the Maximum Revolver Amount and (ii) the Combined Borrowing Base, minus (b) in each case, the Aggregate Revolver Outstandings.

Combined Availability means, at any time, the sum of (a) Aggregate Availability and (b) Securitization Availability.

Combined Availability of the Borrowers means, at any time:

Examples of Combined Availability in a sentence

• The Bank shall not otherwise be required to determine whether the applicable conditions precedent set forth in Article 11 have been satisfied or the requested Borrowing would exceed the Combined Availability on the Funding Date applicable thereto prior to making, in its sole discretion, any Bank Loan.

• The Agent shall determine, as of the Business Day immediately preceding the requested effective date of issuance of the Letter of Credit set forth in the notice from the Authorized Representative on behalf of the Borrowers pursuant to Section 2.3(d)(i), (i) the amount of the applicable Unused Letter of Credit Subfacility and (ii) the Combined Availability as of such date.

• If the Combined Availability is equal or less than zero, the Lenders may refuse to make or otherwise restrict the making of Revolving Loans as the Lenders determine until the Combined Availability is greater than zero, subject to the Agent’s authority, in its sole discretion, to make Agent Advances pursuant to the terms of Section 2.2(i).

More Definitions of Combined Availability

Combined Availability means, at any time, an amount equal to (i) Availability plus (ii) Inventory Facility Availability, in each case at such time.

Combined Availability means, at any time, the sum of (a) U.S. Availability at such time plus (b) Canadian Availability at such time.

Combined Availability at any time, shall mean, as determined by the Administrative Agents in their reasonable credit judgment, the sum of (a) Canadian Testing Availability at such time plus (b) U.S. Testing Availability at such time.

Combined Availability means, at any time, the sum of (a) U.S. Availability at such time plus (b) Canadian Availability at such time. “Combined Line Cap” shall mean, at any time, the sum of (a) the U.S. Line Cap at such time and (b) from and after the Canadian Effective Date, the

Combined Availability means (a) the sum of the Line Cap plus Canadian Incremental Availability plus Domestic Incremental Availability minus (b) Total Outstandings.

Combined Availability means, at any time, an amount equal to (a) the sum of Maximum Revolving Availability plus the amount described in Section 2.01(b)(iii)(A), in each case at such time, minus (b) the outstanding Credit Extensions (other than the Supplemental Term Loan).

Combined Availability shall have the meaning ascribed to such term in the Senior Credit Agreement.