Minimum Aggregate Availability Period definition

Minimum Aggregate Availability Period means (including by reference to the Levels described below), any period (a) commencing when Aggregate Availability is less than the greater of:
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Minimum Aggregate Availability Period means (including by reference to the Levels described below), any period (a) commencing when Aggregate Availability is less than the greater of: Level 1: (i) $156,250,000 and (ii) an amount equal to 12.5% of the Commitments then in effect; Level 2: (i) $187,500,000 and (ii) an amount equal to 15% of the Commitments then in effect, but more than Level 1; Level 3: (i) $218,750,000 and (ii) an amount equal to 17.5% of the Commitments then in effect, but more than Xxxxx 0 and Level 2; and Level 4: (i) $312,500,000 and (ii) an amount equal to 25% of the Commitments then in effect, but more than Xxxxx 0, Xxxxx 0 and Level 3. Level 5: (i) $500,000,000 and (ii) an amount equal to 40% of the Commitments then in effect, but more than Xxxxx 0, Xxxxx 0, Xxxxx 0 and Level 4. for five consecutive days (or immediately, in the case of Level 1) and (b) ending after Aggregate Availability is greater than the amounts set forth above (with respect to the applicable Level) for 30 consecutive days (or 60 consecutive days when used in reference to any Full Cash Dominion Period). For the avoidance of doubt, at any time that Aggregate Availability is equal to or greater than the amounts set forth in Xxxxx 0, Xxxxx 0, Xxxxx 0 or Level 5 above, Aggregate Availability shall also be deemed to be greater than the applicable Level(s) below such Level of Aggregate Availability and each Minimum Aggregate Availability Period Level shall include each lesser Level.
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Minimum Aggregate Availability Period means (including by reference to the Levels described below), any period (a) commencing when Aggregate Availability is less than the greater of: Level 1: (i) an amount equal to 10% of the Loan Cap Minimum then in effect and (ii) an amount equal to 10% of the Loan Cap then in effect; Level 2: (i) an amount equal to 12.5% of the Loan Cap Minimum then in effect and (ii) an amount equal to 12.5% of the Loan Cap then in effect, but more than Level 1; Level 3: (i) an amount equal to 15% of the Loan Cap Minimum then in effect and (ii) an amount equal to 15% of the Loan Cap then in effect, but more than Level 1 and Level 2; Level 4: (i) an amount equal to 17.5% of the Loan Cap Minimum then in effect and (ii) an amount equal to 17.5% of the Loan Cap then in effect, but more than Level 1, Level 2 and Level 3; Level 5: (i) an amount equal to 25% of the Loan Cap Minimum then in effect and (ii) an amount equal to 25% of the Loan Cap then in effect, but more than Level 1, Level 2, Level 3 and Level 4; and Level 6: (i) an amount equal to 40% of the Loan Cap Minimum then in effect and (ii) an amount equal to 40% of the Loan Cap then in effect, but more than Level 1, Level 2, Level 3, Level 4 and Level 5; for five consecutive days (or immediately, in the case of Level 1 or Level 2) and (b) ending after Aggregate Availability is greater than the amounts set forth above (with respect to the applicable Level) for 30 consecutive days (or 60 consecutive days when used in reference to any Full Cash Dominion Period). For the avoidance of doubt, at any time that Aggregate Availability is equal to or greater than the amounts set forth in Level 2, Level 3, Level 4, Level 5 or Level 6 above, Aggregate Availability shall also be deemed to be greater than the applicable Level(s) below such Level of Aggregate Availability and each Minimum Aggregate Availability Period Level shall include each lesser Level.
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Examples of Minimum Aggregate Availability Period in a sentence

  • During any Level 1 Minimum Aggregate Availability Period the Loan Parties will not permit the Fixed Charge Coverage Ratio as of the last day of any Test Period (including the last Test Period prior to the commencement of such Minimum Aggregate Availability Period for which financial statements for the quarter or fiscal year then ended have been (or have been required to be) delivered pursuant to Section 5.01(a) or 5.01(b), as applicable) to be less than 1.00 to 1.00.

  • Two such field examinations per calendar year shall be performed by the Administrative Agent and shall be at the sole expense of the Loan Parties; provided that there shall be no limitation on the number or frequency of field examinations at the sole expense of the Loan Parties (a) during any Level 1 Minimum Aggregate Availability Period or (b) if an Event of Default shall have occurred and be continuing.

  • One possibility is that investors simply find day trading entertaining.

  • During any Level 2 Minimum Aggregate Availability Period the Loan Parties will not permit the Fixed Charge Coverage Ratio as of the last day of any Test Period (including the last Test Period prior to the commencement of such Minimum Aggregate Availability Period for which financial statements for the quarter or fiscal year then ended have been (or have been required to be) delivered pursuant to Section 5.01(a) or 5.01(b), as applicable) to be less than 1.00 to 1.00.

  • Two such field examinations per calendar year shall be at the sole expense of the Loan Parties; provided that there shall be no limitation on the number or frequency of field examinations at the sole expense of the Loan Parties (a) during any Level 1 Minimum Aggregate Availability Period or (b) if an Event of Default shall have occurred and be continuing.

  • Notwithstanding the foregoing, in addition to the appraisals permitted above, there shall be no limitation on the number of Inventory or real property appraisals (a) during any Level 1 Minimum Aggregate Availability Period or (b) if an Event of Default shall have occurred and be continuing.

  • During any Level 5 Minimum Aggregate Availability Period, the Loan Parties will not, nor will they permit any of their Subsidiaries to, incur or make any Capital Expenditures during any fiscal year of the Company in excess of $350,000,000.

  • Notwithstanding the foregoing, in addition to the appraisals permitted above, there shall be no limitation on the number of Inventory appraisals (a) during any Level 2 Minimum Aggregate Availability Period or (b) if an Event of Default shall have occurred and be continuing.

  • One such field examination per calendar year shall be performed by the Administrative Agent and shall be at the sole expense of the Loan Parties; provided that there shall be no limitation on the number or frequency of field examinations at the sole expense of the Loan Parties (a) during any Level 2 Minimum Aggregate Availability Period or (b) if an Event of Default shall have occurred and be continuing.


More Definitions of Minimum Aggregate Availability Period

Minimum Aggregate Availability Period means (including by reference to the Levels described below), any period (a) commencing on the first date that Aggregate Availability for a period of three consecutive Business Days (or, with respect to any Level 1 Minimum Aggregate Availability Period, one Business Day) is less than the greater of: Level 1: (i) $65,000,000 and (ii) an amount equal to 17.5% of the Commitments then in effect; Level 2: (i) $87,500,000 and (ii) an amount equal to 25% of the Commitments then in effect, but more than Level 1; and Level 3: (i) $109,375,000 and (ii) an amount equal to 31.25% of the Commitments then in effect, but more than Level 1 and Level 2; and (b) ending after Aggregate Availability is greater than the amounts set forth above (with respect to the applicable Level) for 30 consecutive days. For the avoidance of doubt, at any time that Aggregate Availability is equal to or greater than the amounts set forth in Level 2 or Level 3 above, Aggregate Availability shall also be deemed to be greater than the applicable Level(s) below such Level of Aggregate Availability and each Minimum Aggregate Availability Period Level shall include each lesser Level.
Sample 1Sample 2
Minimum Aggregate Availability Period means (including by reference to the Levels described below), any period (a) commencing on the first date that Aggregate Availability for a period of three consecutive Business Days (or, with respect to any Xxxxx 0 Xxxxxxx Xxxxxxxxx Availability Period, one Business Day) is less than the greater of: Level 1: (i) $65,000,000 and (ii) an amount equal to 17.5% of the Commitments then in effect; Level 2: (i) $87,500,000 and (ii) an amount equal to 25% of the Commitments then in effect, but more than Level 1; and Level 3: (i) $109,375,000 and (ii) an amount equal to 31.25% of the Commitments then in effect, but more than Level 1 and Level 2; and (b) ending after Aggregate Availability is greater than the amounts set forth above (with respect to the applicable Level) for 30 consecutive days. For the avoidance of doubt, at any time that Aggregate Availability is equal to or greater than the amounts set forth in Xxxxx 0 xx Xxxxx 0 xxxxx, Xxxxxxxxx Availability shall also be deemed to be greater than the applicable Level(s) below such Level of Aggregate Availability and each Minimum Aggregate Availability Period Level shall include each lesser Level.
Sample 1

Related to Minimum Aggregate Availability Period

  • 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.

  • 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.

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

  • 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.

  • 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.

  • Availability Period means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments.

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

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • 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.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • 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.

  • Available Aggregate Commitment means, at any time, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure 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 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.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • 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.

  • Available Commitment means a Lender’s Commitment minus:

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

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

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • 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.

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

  • 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.

  • 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.