Examples of Combined Availability in a sentence
So long as this Agreement is in effect and until all Obligations have been fully satisfied, the Agent's Liens shall continue in full force and effect in all Collateral (whether or not deemed eligible for the purpose of calculating the Combined Availability or as the basis for any advance, loan, extension of credit, or other financial accommodation).
The Bank shall not otherwise be required to determine whether the applicable conditions precedent set forth in Article 10 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.
At any time that Combined Availability (without giving effect to clause (a)(i) of the definition thereof) is less than ten percent of the Maximum Revolver Amount, the Loan Parties shall not permit the Consolidated Fixed Charge Ratio of the Borrower and its Subsidiaries, to be less than 1.25:1.00.
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 Borrower 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.
The Consolidated Fixed Charge Coverage Ratio shall be tested quarterly on a trailing four quarters basis, commencing with the quarter ending immediately prior to the date that Combined Availability is less than the amount required herein and shall continue to be tested until Combined Availability exceeds the amounts required herein for 3 consecutive fiscal quarters.