Facility Availability Amount definition

Facility Availability Amount means, as of any date, the lowest of (a) the Aggregate Commitment, (b) the Borrowing Base as of such date less the excess, if any, of Total Unsecured Indebtedness (excluding Subordinated Debt) over the Outstanding Facility Amount and (c) the maximum aggregate Outstanding Facility Amount that could be outstanding on such date without causing the Unsecured Debt Service Coverage Ratio to fall below 2.00 to 1.00.
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Facility Availability Amount means, at any time, an amount equal to (A) the lesser of (x) the Total First-Priority Commitment at such time and (y) the Borrowing Base, minus (B) the sum of the aggregate principal amount of the outstanding Tranche A Loans, plus the aggregate principal amount of the outstanding Tranche B Loan, plus the LC Exposure, plus (C) an amount (up to a maximum of $500,000,000) equal to the excess (if any) of the unrestricted cash reflected on the consolidated balance sheet of the Borrower and its Subsidiaries then most recently delivered to the Lenders over $500,000,000.
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Facility Availability Amount means, at any time, an amount equal to (A) the lesser of (x) the Total First-Priority Commitment at such time and (y) the Borrowing Base, minus
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Examples of Facility Availability Amount in a sentence

  • So long as the Facility Availability Amount (as defined in the Refinanced DIP Credit Facility) is equal to or greater than $500 million, compliance with the restrictions on investments, mergers and dispositions of assets do not apply (except in respect of investments in, and dispositions to, direct or indirect domestic subsidiaries of Delphi which are not guarantors).

  • In no event shall prepayments of the Loans made pursuant to clauses (d), (e), (f) or (g) of Section 3.1.1 be applied to the reduction of the Synthetic Facility Availability Amount.

  • Subject to the terms and conditions of this Agreement, Bank shall make Reducing Facility Advances not exceeding the Reducing Facility Availability Amount as in effect from time to time.

  • So long as the Facility Availability Amount (as defined in the Refinancing DIP Credit Facility) is equal or greater than $500 million, Case Number: 05-44481 (RDD) (Jointly Administered) DELPHI CORPORATION, et al.

  • So long as the Facility Availability Amount (as defined in the Refinanced DIP Credit Facility) is equal to or greater than $500 million, compliance with the restrictions on investments, mergers and disposition of assets do not apply (except in respect of investments in, and dispositions to, direct or indirect domestic subsidiaries of Delphi that are not guarantors).

  • So long as the Facility Availability Amount (as defined in the Refinancing DIP Credit Facility) is equal to or greater than $500 million, compliance with the restrictions on investments, mergers and disposition of assets do not apply (except in respect of investments in, and dispositions to, direct or indirect domestic subsidiaries of Delphi that are not guarantors).

  • So long as the Facility Availability Amount (as defined in the Refinancing DIP Credit Facility) is equal or greater than $500 million, compliance with the restrictions on investments, mergers and disposition of assets do not apply (except in respect of investments in, and dispositions to, direct or indirect domestic subsidiaries of Delphi that are not guarantors).

  • So long as the Facility Availability Amount (as defined in the Refinanced DIP Credit Facility) is equal to or greater than $500 million, compliance with the restrictions on investments, mergers, and disposition of assets does not apply (except in respect of investments in, and dispositions to, direct or indirect U.S. subsidiaries of Delphi that are not guarantors).


More Definitions of Facility Availability Amount

Facility Availability Amount means, as of any date of determination, an amount equal to the greater of (a) zero, and (b) an amount equal to the Commitment Amount minus an amount equal to the sum of the aggregate Advances made by Lender as of such date, after taking into account the amount of the requested Advance.
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Facility Availability Amount means, as of any date of determination, the sum of (a) the FILO Availability Amount and (b) the Revolver Availability Amount at such time.
Sample 1
Facility Availability Amount means (a) for the Initial Advance and any subsequent advances in the same Fiscal Quarter, an amount equal to the product of (i) Consolidated EBITDA for the most recently ended Fiscal Quarter multiplied by four (4), multiplied by (ii) three (3) (b) beginning in the first quarter following the Initial Advance, an amount equal to the product of (i) Consolidated EBITDA for the two (2) most recently ended Fiscal Quarters multiplied by two (2), multiplied by (ii) three (3), (c) beginning in the second quarter following the Initial Advance, an amount equal to the product of (i) Consolidated EBITDA for the three most recently ended Fiscal Quarters multiplied by four-thirds, multiplied by (iii) three (3), and (d) beginning in the third quarter following the Initial Advance and thereafter, an amount equal to the product of Consolidated EBITDA for the most recently ended period of four consecutive Fiscal Quarters multiplied by three (3); provided, that in the case of clauses (a), (b) and (c) above, 70% of revenue is generated under Field Producer Contracts with a weighted average remaining life of at least 36 months; provided further, in the case of clause (d) above, 70% of revenue is generated under Field Producer Contracts with a weighted average remaining life of at least 12 months.
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Facility Availability Amount means (a) the principal amount opposite each applicable period below, with each "YEAR" meaning the period from the Closing Date (for Year 1, or the applicable anniversary of the Closing Date for subsequent years) to and including the day immediately preceding the next subsequent anniversary of the Closing Date: PERIOD AMOUNT ------ ------ Year 1 $ 75,000,000 Year 2 $175,000,000 Year 3 $225,000,000 Year 4 $250,000,000 Year 5 and later $275,000,000
Sample 1
Facility Availability Amount means, at any time, an amount equal to (A) the lesser of (x) the Total First-Priority Commitment at such time and (y) the Borrowing Base, minus (B) if the Available Liquidity at such time is less than $500,000,000, $200,000,000, minus (C) the sum of the aggregate principal amount of the outstanding Tranche A Loans, plus the aggregate principal amount of the outstanding Tranche B Loan, plus the LC Exposure, plus (D) an amount (up to a maximum of $500,000,000) equal to the excess (if any) of the unrestricted cash reflected on the consolidated balance sheet of the Borrower and its Subsidiaries then most recently delivered to the Lenders over $500,000,000.
Sample 1

Related to Facility Availability Amount

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Maximum Availability means, as of any date of determination, the difference of (i) the Facility Amount minus (ii) the balance of all unfunded Advances approved but not yet funded minus (iii) the Aggregate Unfunded Amount plus (iv) all amounts on deposit in the Unfunded Exposure Account, each as of such date of determination.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Availability Block means $15,000,000.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • 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.

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Canadian Availability means (a) the lesser of (x) the Canadian Sublimit and (y) the sum of (i) the Canadian Borrowing Base plus (ii) solely to the extent the total Revolving Exposure relating to the Canadian Borrower exceeds the Canadian Borrowing Base, the US Availability (calculated without giving effect to any Canadian US Borrowing Base Utilization), minus (b) the total Revolving Exposure relating to the Canadian Borrower.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • 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.

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

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

  • System Availability for each System is calculated as follows:

  • Maximum Credit means, at any time, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.