Pro Forma Availability Condition means, for any date of calculation with respect to any transaction or payment, the Pro Forma Excess Availability following, and after giving effect to, such transaction or payment, will be equal to or greater than twenty percent (20%) of the Loan Cap.
Pro Forma Availability Condition means, for any date of calculation with respect to any transaction or payment, the Pro Forma Excess Availability for each of the twelve Fiscal Months following, and after giving effect to, such transaction or payment, will be greater than the lesser of (a) $45,000,000 or (b) fifteen (15%) percent of the Total Commitments.
Pro Forma Availability Condition means, for any date of calculation with respect to any transaction or payment, the Pro Forma Excess Availability following, and after giving effect to, such transaction or payment, will be equal to or greater than twenty-five percent (25%) of the Loan Cap.
Examples of Pro Forma Availability Condition in a sentence
RP Pro Forma Availability Condition: for any date of calculation with respect to any transaction or payment, the Pro Forma Availability following, and after giving effect to, such transaction or payment, will be equal to or greater than $25,000,000.
The Lead Borrower may also terminate the Tranche A-1 Commitments in whole or in part if the Borrowers shall have satisfied the Pro Forma Availability Condition (calculated based on the Tranche A Borrowing Base for purposes of this SECTION 2.15(b)).
The Domestic Borrowers may also terminate the Tranche A-1 Commitments in whole or in part if the Domestic Borrowers shall have satisfied the Pro Forma Availability Condition.
Pro Forma Availability Condition: for any date of calculation with respect to any transaction or payment, the Pro Forma Availability following, and after giving effect to, such transaction or payment, will be equal to or greater than $10,000,000.
At any time that the Borrowers shall have satisfied the Pro Forma Availability Condition, the Lead Borrower (on behalf of the Borrowers) may terminate the Incremental Revolving Loan Commitments in whole but not in part without penalty or premium.
More Definitions of Pro Forma Availability Condition
Pro Forma Availability Condition means, as of any date of calculation, Pro Forma Availability will be equal to or greater than the greater of (a) 15% of the Loan Cap and (b) $20,000,000. “Pro Forma Basis” and “Pro Forma Effect” mean, with respect to compliance of any Specified Transaction with any test hereunder for an applicable period of measurement, that in calculating such test (A) to the extent applicable, the Pro Forma Adjustment shall have been made and (B) such Specified Transaction, all other Specified Transactions occurring prior to such Specified Transaction, and the following transactions in connection therewith shall be deemed to have occurred as of the first day of the applicable period of measurement (or as of the last date in the case of a balance sheet item): (a) income statement items (whether positive or negative) attributable to the property or Person subject to such Specified Transaction, (i) in the case of a Disposition of all or substantially all Equity Interests in any Restricted Subsidiary of the Lead Borrower or any division, product line, or facility used for operations of the Lead Borrower or any of its Restricted Subsidiaries, shall be excluded, and (ii) in the case of a Permitted Acquisition or Investment, shall be included, (b) any retirement of Indebtedness, and (c) any Indebtedness incurred or assumed by the Lead Borrower or any of its Restricted Subsidiaries in connection therewith and if such Indebtedness has a floating or formula rate, shall have an implied rate of interest for the applicable period for purposes of this definition determined by utilizing the rate which is or would be in effect with respect to such Indebtedness as at the relevant date of determination
Pro Forma Availability Condition means, for any date of calculation with respect to any transaction or payment, that either (i)(a) the (x) Pro Forma Availability on such date and (y) average daily Excess Availability for a period of thirty (30) consecutive days immediately preceding such transaction or payment on a Pro Forma Basis is greater than or equal to the greater of (x) $10,000,000 and (y) 15% of the Line Cap and (b) the Fixed Charge Coverage Ratio for the most recently ended Test Period, after giving effect to such transaction or payment on a Pro Forma Basis, is no less than 1.00:1.00 or (ii) the (x) Pro Forma Availability on such date and (y) average daily Excess Availability for a period of thirty (30) consecutive days immediately preceding such transaction or payment on a Pro Forma Basis is greater than the greater of (x) $10,000,000 and (y) 20% of the Line Cap;
Pro Forma Availability Condition means, as of any date of calculation, Pro Forma Excess Availability will be equal to or greater than twelve and one-half percent (12.5%) of the Loan Cap.
Pro Forma Availability Condition means, as of any date of calculation, Pro Forma Excess Availability will be equal to or greater than the greater of (a) 20% of the Loan Cap and (b) $40,000,000.
Pro Forma Availability Condition means, for any date of calculation with respect to any Specified Payment or RP Payment, as applicable, the Pro Forma Availability following, and after giving effect to, such Specified Payment or RP Payment, as applicable, will be equal to or greater than the greater of (a) fifteen percent (15%) of the lesser of (x) the then FILO Borrowing Base (or if the FILO Commitments have been terminated, the then Tranche A Borrowing Base), and (y) the then Revolving Credit Ceiling and (b) $35,000,000.
Pro Forma Availability Condition means, for any date of calculation with respect to any Specified Payment, the Pro Forma Availability, giving effect to such Specified Payment, shall be equal to or greater than $110,000,000.
Pro Forma Availability Condition means, for any date of calculation with respect to any transaction or payment, Excess Availability immediately following, and on a pro forma basis for each month during the twelve months following such transaction or payment and after giving effect to such transaction or payment, will be equal to or greater than thirty (30%) percent of the Borrowing Base.