Excess Availability Reserve has the meaning specified in the Revolving Credit Facility.
Excess Availability Reserve. Availability", "Filene's Availability" or "VC Availability" or of any Definition of any component thereof, such that more credit would be available to a Borrower, based on the same assets, as would have been available to such Borrower immediately prior to such amendment , it being understood, however, that:
Excess Availability Reserve means $0.
Examples of Excess Availability Reserve in a sentence
Permit the Excess Availability Reserve at any time to be less than the sum of $35,000,000.
Permit the Excess Availability Reserve at any time to be less than the sum of $27,500,000.
The amount of the Excess Availability Reserve will be deducted from the Advance Dollar Limit for purposes of calculating the Unused Commitment Fee.
In the first instance the landlord may be sent a landlord accreditation pack.
After giving effect to all the transactions contemplated hereby (including transaction costs), the Borrowers shall have Excess Availability (calculated without regard to the Excess Availability Reserve) of not less than $115,000,000.
More Definitions of Excess Availability Reserve
Excess Availability Reserve means an amount equal to the lesser of (a) the product of (i) the amount generated by clauses (a) through (e) of the Borrowing Base multiplied by (ii) ten percent (10%) or (b) the product of (i) the Revolving Credit Ceiling then in effect multiplied by (ii) ten percent (10%); provided, however, if the amount generated by clauses (a) through (e) of the Borrowing Base minus the amount set forth in clause (a) above is greater than the Revolving Credit Ceiling then in effect, the Excess Availability Reserve shall be $0.
Excess Availability Reserve. $27,500,000.
Excess Availability Reserve means (a) prior to and on the Financial Covenant Change Date, $5,000,000, and (b) following the Financial Covenant
Excess Availability Reserve an amount equal to $5,000,000.
Excess Availability Reserve an amount equal to $3,500,000.
Excess Availability Reserve. $10,000,000.
Excess Availability Reserve an amount equal to $5,000,000; provided that, on and after the Third Amendment Effective Date and prior to the occurrence of the Ratings Hold Date, the “Excess Availability Reserve” shall be an amount equal to $10,000,000.