Initial Availability Amount definition

Initial Availability Amount means, as calculated as of the Effective Date, the sum of (a) the consolidated cash balance of Reorganized KAC plus (b) the available liquidity under the revolving credit facility component of the Exit Financing Facility, in each case after giving effect to (i) the Initial VEBA Contributions and all other cash payments (including accruals or reserves in respect thereof) required in connection with the Plan, (ii) the initial availability amount required under the revolving credit facility component of the Exit Financing Facility, and (iii) any availability blocks required under the revolving credit facility component of the Exit Financing Facility.
Sample 1Sample 2Sample 3
Initial Availability Amount means the amount provided for in Section 2.8.
Sample 1Sample 2Sample 3
Initial Availability Amount means an amount equal to $50,000,000.
Sample 1Sample 2Sample 3

Examples of Initial Availability Amount in a sentence

  • The Maximum Revolving Commitments, the Borrowing Base (as defined below) and the Funded Revolving Loans (but not the Initial Availability Amount) are subject to proportionate reduction in the event less than 100% of the Existing Lenders elect to become RBL Lenders.

  • The unfortunate result is that the gap between ongoing expenditures and revenues continues to widen even after very deep expenditure reductions were included in the Approved FY2008/09 Budget.

  • In all cases each Drawdown Request and each advance shall be made (i) in accordance with the DIP Budget (as may be updated in accordance with the provisions of this Term Sheet), and (ii) subject to satisfaction of the Initial Availability Conditions (for a request or advance under the Initial Availability Amount) and the Further Availability Conditions (for a request or advance under the Further Availability Amount).

  • The Borrower will pay to the Administrative Agent, for the account of the Lenders (including TD (Texas), (a) an upfront fee on each Lender’s Commitment level as limited by the Borrowing Base then in effect on the Closing Date and, (b) upon closing of the Fairway Acquisition, an incremental upfront fee will be paid in respect of each Lender’s increase in Commitment level resulting from the increase in Borrowing Base above the Initial Availability Amount resulting from such closing.

  • The Interim Financing Agreement offers financial stability and, without this funding, the Company would be unable to operate in the normal course; e) Section 50.6(5)(e) – The nature and value of the Company’s assets, exceeds the Initial Availability Amount; and f) Section 50.6(5)(f) – The Proposal Trustee does not believe that any creditor will be materially prejudiced by the Interim Financing Agreement or the Interim Lender’s Charge created by the Court.

  • This Addendum A may also include information regarding exchange controls and certain other issues of which Optionee should be aware with respect to Optionee’s participation in the Plan.


More Definitions of Initial Availability Amount

Initial Availability Amount means, as calculated as of the Effective Date, the sum of (a) the consolidated cash balance of Reorganized KAC plus
Sample 1
Initial Availability Amount means, with respect to each Lender, its pro rata portion of
Sample 1
Initial Availability Amount means, with respect to each Lender, its pro rata portion of $10,000,000 (such pro rata portion calculated based on such Lender’s aggregate Commitment as compared to the Commitments of all Lenders in the aggregate). As of the Closing Date, the aggregate Initial Availability Amount of all Lenders is $10,000,000.
Sample 1

Related to Initial Availability Amount

  • 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.

  • 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.

  • 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.

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.