Excess Global Availability definition

Excess Global Availability means, as of any date of determination thereof by the Administrative Agent, the sum of:

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Excess Global Availability means, as of any date of determination thereof, the sum of:

Excess Global Availability means, at any time of determination by the Administrative Agent thereof, the result, if a positive number, of (a) the Global Line Cap, minus (b) the Global Exposure at such time;

Examples of Excess Global Availability in a sentence

• On the 25th day of each calendar month, a Borrowing Base Certificate showing the Borrowing Base and the calculation of Excess Global Availability in each case as of the close of business on the last day of the immediately preceding calendar month, each such Borrowing Base Certificate to be certified as complete and correct in all material respects on behalf of the Parent Borrower by a Financial Officer of the Parent Borrower (each a “Monthly Borrowing Base Certificate”).

• The Administrative Agent shall have received a Borrowing Base Certificate in the form contemplated by Section 7.2(f), or such other form as may be reasonably acceptable to the Administrative Agent, setting forth, after giving effect to the Borrowings hereunder on the Closing Date, the Tranche A Borrowing Base, Tranche A-1 Borrowing Base, Excess Facility Availability and Excess Global Availability.

• The Administrative Agent shall have received a Borrowing Base Certificate calculated as of the end of the most recent fiscal month in the form contemplated by Section 7.2(f) of the Credit Agreement, or such other form as may be reasonably acceptable to the Administrative Agent, setting forth, after giving effect to the Borrowings hereunder on the Closing Date, of the Tranche A Borrowing Base, Tranche A-1 Borrowing Base, Excess Facility Availability and Excess Global Availability.

More Definitions of Excess Global Availability

Excess Global Availability means, at any time of determination by the Administrative Agent thereof, the result, if a positive number, of (a) the LoanGlobal Line Cap as of such date, minus (b) the ABL Facility CreditGlobal Exposure at such time.;