Maximum Availability definition

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.

Maximum Availability has the meaning set forth in Section 2.1.1.

Maximum Availability. On any date of determination an amount equal to the least of:

Examples of Maximum Availability in a sentence

• The Borrower shall not permit the Advances Outstanding to exceed the Maximum Availability.

• All such amounts will be included in each applicable compliance calculation under this Agreement, including, without limitation, calculation of the Borrowing Base, the Maximum Availability and the Minimum Equity Test.

• On the terms and conditions hereinafter set forth, the Borrower may at its option, from time to time on any Business Day during the Revolving Period, request that the Lenders make Advances in U.S. Dollars in an amount which after giving effect to such Advances, would not cause the aggregate Advances Outstanding to exceed the Maximum Availability on such date (after giving effect to any Transfer effectuated from the use of proceeds thereof).

• The Maximum Availability Payment for Fiscal Year y (MAPy) is payable in Quarterly Payments as provided in Section 2.3 below and subject to adjustments, positive and negative, as provided in Section 3 below.

• All such amounts will be included in each applicable compliance calculation under this Agreement, including, without limitation, calculation of the Borrowing Base, the Maximum Availability and the Minimum Equity Condition.

More Definitions of Maximum Availability

Maximum Availability means the lesser of (i) the Facility Amount and (ii) the Borrowing Base.

Maximum Availability means, at any time, the lesser of the (a) the Maximum Facility Amount at such time and (b) the Borrowing Base at such time.

Maximum Availability means the lesser of (i) the result of (A) the Maximum Facility Amount, minus (B) an amount equal to the sum of, for each Revolving Loan Asset that is an Eligible Loan Asset, (x) the aggregate Unfunded Revolving Commitments for such Revolving Loan Asset, multiplied by (y) 100% minus the percentage that would be applied to such Revolving Loan Asset under clause (4) of the definition of “Minimum Credit Enhancement”, and (ii) the Maximum Draw Amount.

Maximum Availability. An amount equal to the lesser of:

Maximum Availability means the Maximum Permitted Balance less the Aggregate Outstandings.

Maximum Availability means the lesser of (i) the Maximum Facility Amount, and (ii) the Maximum Draw Amount.

Maximum Availability means the lesser of: (a) the Aggregate Commitments; or (b) the Borrowing Base Availability.