Maximum Availability Amount definition

Maximum Availability Amount means an amount at any time equal to the sum of (a) $31,250,000 plus (b) 12.5% of the aggregate increases of the Domestic Revolving Commitment effected as of such time pursuant to Section 2.09(d).

Maximum Availability Amount means $ 15,000,000.

Maximum Availability Amount is Twenty Million Dollars ($20,000,000.00).”

Examples of Maximum Availability Amount in a sentence

• Mr. Van Zant expressed some concern that the Media Center is not located on the ground floor.

• Borrower shall pay to Bank a fee (the “Unused Line Fee”), payable monthly on the first (1st) calendar day of each month, in arrears, on a calendar year basis, in an amount equal to one-quarter of one percent (0.25%) per annum of the average unused portion of the Maximum Availability Amount.

• In addition and notwithstanding the foregoing, the aggregate amount of Advances outstanding at any time may not exceed the Maximum Availability Amount.

• If within any fiscal quarter, Aggregate Availability is less than the Maximum Availability Amount on any 10 Business Days (whether consecutive or not) within any 30 day period, or an Event of Default exists, full cash dominion will be in effect and all funds in the Cash Management Accounts shall be automatically applied to the Obligations as set forth in Section 2.10(f).

• The unused portion of the Maximum Availability Amount, for purposes of this calculation, shall equal the difference between (a) the Maximum Availability Amount and (b) the average for the period of the daily closing balance of the Advances outstanding.

More Definitions of Maximum Availability Amount

Maximum Availability Amount means, as of any date of determination, the maximum amount of the aggregate of all outstanding and requested Advances and all outstanding and requested Letters of Credit (collectively, the "AGGREGATE ADVANCES") which would not cause (x) the Loan to Value Ratio to exceed 0.65 to 1; provided, however, if the Minimum Pool Conditions are not then satisfied, the Aggregate Advances shall not cause the Loan to Value Ratio to exceed 0.5 to 1, or (y) the Imputed Debt Service Coverage Ratio for the Mortgaged Properties to exceed 1.40 to 1; provided, however, if the Minimum Pool Conditions are not then satisfied, the Aggregate Advances shall not cause the Imputed Debt Service Coverage Ratio to exceed 1.65 to 1.

Maximum Availability Amount means, as of any date of determination, the least of:

Maximum Availability Amount means $500,000.

Maximum Availability Amount is Ten Million Dollars ($10,000,000.00).

Maximum Availability Amount means, as of any date of determination, the sum of:

Maximum Availability Amount means, as of any date of determination, an amount initially equal to $350,000,000, subject to increase or decrease pursuant to Section 2.04(a) or 2.05 of this Agreement.

Maximum Availability Amount means an amount at any time equal to the sum of (a) $25,000,000 plus (b) 12.5% of the aggregate increases of the Domestic Revolving Commitment effected as of such time pursuant to Section 2.09(d). “Moody’s” means Xxxxx’x Investors Service, Inc. “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. “Net Xxxx-to-Market Exposure” of a Person means, as of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from Swap Agreements. As used in this definition, “unrealized losses” means the fair market value of the cost to such Person of replacing such Swap Agreement as of the date of determination (assuming the Swap Agreement were to be terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Swap Agreement as of the date of determination (assuming such Swap Agreement were to be terminated as of that date). “Net Proceeds” means, with respect to any event, (a) the cash proceeds received in respect of such event including (i) any cash received in respect of any non-cash proceeds (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise, but excluding any interest payments), but only as and when received, (ii) in the case of a casualty, insurance proceeds and (iii) in the case of a condemnation or similar event, condemnation awards and similar payments, net of (b) the sum of (i) all reasonable fees and out-of-pocket expenses paid to third parties (other than Affiliates) in connection with such event, (ii) in the case of a sale, transfer or other disposition of an asset (including pursuant to a sale and leaseback transaction or a casualty or a condemnation or similar proceeding), the amount of all -28-