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).

  • 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.

  • Data CollectionThe data collection process consisted of recruiting participants, choosing my data sources, and collecting the actual data.

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

  • 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 does not apply (except in respect of investments in, and dispositions to, direct or indirect U.S. 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 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).


More Definitions of Facility Availability Amount

Facility Availability Amount means, as of any date of determination, subject to Section 2.6(c), an amount equal to the greater of (i) zero and (ii) an amount equal to the Maximum Credit minus the sum of the Aggregate Outstanding Advances.
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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.
Sample 1
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.
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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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Canadian Availability means, at any time, an amount equal to (a) the lesser of (i) the aggregate Canadian Revolving Commitments at such time and (ii) the Canadian Borrowing Base at such time, minus (b) Commitment Reserves established with respect to the Canadian Loan Parties and/or the Canadian Collateral at such time minus (c) the Aggregate Canadian Credit Exposure at such time.

  • 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.

  • System Availability means, with respect to any particular calendar month, the ratio obtained by subtracting Unscheduled Downtime during such month from the Total Monthly Time, and thereafter dividing the difference so obtained by the Total Monthly Time. Represented algebraically, System Availability for any particular calendar month is determined as follows:

  • Maximum Credit means, at any time, (a) the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time minus (b) the aggregate amount of any Availability Reserve in effect at such time.