Maximum Line Availability definition

Maximum Line Availability means the line of credit made available to the Borrower under this Agreement (subject to the proviso at the end of this definition) in the maximum principal amounts during the following periods indicated: Period Maximum Line Availability April 29, 1999 through April 30, 1999 $8,700,000 May 1, 1999 through August 31, 1999 $8,400,000 September 1, 1999 through September 30, 1999 $7,800,000 October 1, 1999 through October 31, 1999 $7,500,000 November 1, 1999 through November 30, 1999 $7,200,000 December 1, 1999 through January 3, 2000 $6,900,000 Thereafter 0 provided, however, (i) upon the Borrower's receipt of the Second Tax Refund during the period from May 1, 1999 through August 31, 1999, the Maximum Line Availability referenced above shall be further permanently reduced from $8,400,000 to $8,100,000 and (ii) the Maximum Line Availability shall be permanently reduced by any proceeds received by the Borrower or Bank pursuant to Sections 2.01(g) or 5.16 hereof.
Sample 1
Maximum Line Availability means the line of credit made available to the Borrower under this Agreement (subject to the proviso at the end of this definition) in the maximum principal amounts during the following periods indicated: Period Maximum Line Availability ------ ------------------------- December 22,1999 up to the Maturity Date $6,900,000 Maturity Date 0 provided, however, the Maximum Line Availability shall be -------- ------- permanently reduced by any proceeds received by the Borrower or Bank pursuant to Sections 2.01(g) or 5.16 hereof.
Sample 1
Maximum Line Availability means Ten Million Dollars ($10,000,000).
Sample 1

Examples of Maximum Line Availability in a sentence

  • The Borrower shall maintain at all times Working Capital of at least $750,000 either in cash or unused Maximum Line Availability.

  • Within ten days of ------------------ ------------------------------ receipt, the Borrowers shall pay to the Bank as a prepayment of the Loans to be applied as a permanent reduction of the Maximum Line Availability an amount equal to 100% of any net proceeds, including without limitation any royalties or other payments whether scheduled or otherwise, received from any licensing agreement entered into by the Borrower or its Subsidiary after May 8, 2000.

  • Within one Business Day after the incurrence of such Indebtedness, the Borrower shall pay to the Bank as a prepayment of the Loan to be applied as a permanent reduction of the Maximum Line Availability.

  • Within thirty (30) days after ---------------------------- the end of each month, commencing with the month ending January 31, 2000, the Borrower shall pay to the Bank as a prepayment of the Loans to be applied as a permanent reduction of the Maximum Line Availability an amount equal to 50% of the Excess Cash Flow for such preceding month.

  • If requested by the Borrower prior to the earlier of demand or the Review Date, the Bank will issue one or more standby letters of credit, for the purpose of providing credit support for a Taiwanese supplier relationship, pursuant to one or more of the Bank's standard standby letter of credit agreements, for the account of the Borrower, in amounts in the aggregate not to exceed the lesser of (i) Two Million Dollars ($2,000,000), or (ii) the unused availability under the Maximum Line Availability.

  • Prior to the Maturity Date, and except as otherwise provided in this Agreement, the Borrower may borrow, repay and re-borrow within the limits of the Maximum Line Availability.

  • Advances shall be in an amount of at least Ten Thousand Dollars ($10,000), or if less, the unused portion of the Maximum Line Availability.

  • The proceeds of the tax refund will be applied to the Loans and at the Bank's request shall permanently reduce the Maximum Line Availability by the amount of such refund.

  • Within one Business Day after the receipt of Net Equity Proceeds by the Borrower or any of its Subsidiaries, the Borrower shall pay to the Bank a prepayment of the Loan to be applied as a permanent reduction of the Maximum Line Availability.

  • The face amount of the letters of credit in the aggregate shall reduce the Maximum Line Availability on a dollar for dollar basis.


More Definitions of Maximum Line Availability

Maximum Line Availability means the line of credit made available to the Borrower under this Agreement (subject to the proviso at the end of this definition) in the maximum principal amounts during the following periods indicated: Period Maximum Line Availability ------ ------------------------- October 1, 1999 through January 2, 2000 $7,400,000 January 3, 2000 up to the Maturity Date $6,800,000 Maturity Date 0 PROVIDED, HOWEVER, (i) the Maximum Line Availability shall be permanently reduced to $5,995,000 or $4,250,000 respectively, to the extent the Borrower has complied with Sections 2.11(A) or 2.11(B) hereof and (ii) the Maximum Line Availability shall be permanently reduced by any proceeds received by the Borrower or Bank pursuant to Sections 2.01(g) or 5.16 hereof.
Sample 1
Maximum Line Availability means Ten Million Five Hundred Thousand Dollars ($10,500,000).
Sample 1

Related to Maximum Line Availability

  • 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.

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

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

  • 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.

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

  • 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 Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • 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.

  • 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.

  • 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.

  • Availability Block means $15,000,000.

  • 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.

  • 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.

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

  • 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.

  • 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.

  • 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.

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

  • 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.

  • Service Availability The total number of minutes in a calendar quarter that the Tyler Software is capable of receiving, processing, and responding to requests, excluding maintenance windows, Client Error Incidents and Force Majeure.

  • 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.

  • System Availability for each System is calculated as follows:

  • 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.

  • 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.

  • 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 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.