Pro Forma Excess Availability definition

Pro Forma Excess Availability means, for any date of calculation, after giving pro forma effect to the transaction then to be consummated, the projected Availability at all times during any subsequent projected twelve (12) Fiscal Months.

Pro Forma Excess Availability means, for any date of calculation, the pro forma average Availability for each Fiscal Month for the Six Month Period most recently ended prior to such date of calculation determined as if the applicable transaction or payment had been consummated as the beginning of such Six Month Period.

Pro Forma Excess Availability means, for any date of calculation, after giving pro forma effect to the transaction or payment or Restricted Payment then to be consummated, Excess Availability on the date of such transaction or payment and on a projected basis as of the end of each Fiscal Month during any subsequent projected twelve (12) Fiscal Months.

Examples of Pro Forma Excess Availability in a sentence

• Prior to any prepayment pursuant to this Section 2.8(d), Borrower must demonstrate to the reasonable satisfaction of the Administrative Agent that immediately before and after giving effect to such prepayment, no Default has occurred and is continuing and the Pro Forma Excess Availability is not less than $5,000,000.

• Prior to any prepayment pursuant to this Section 2.8(c), Borrower must demonstrate to the reasonable satisfaction of the Administrative Agent that immediately before and after giving effect to such prepayment, no Default has occurred and is continuing and the Pro Forma Excess Availability is not less than $5,000,000.

• Prior to any Term Loan prepayment pursuant to this Section 2.9, Borrower must demonstrate to the reasonable satisfaction of the Administrative Agent that immediately before and after giving effect to such prepayment, no Default has occurred and is continuing and the Pro Forma Excess Availability is not less than $5,000,000.

• Prior to any prepayment pursuant to this Section 2.8(e), Borrower must demonstrate to the reasonable satisfaction of the Administrative Agent that immediately before and after giving effect to such prepayment, no Default has occurred and is continuing and the Pro Forma Excess Availability is not less than $5,000,000.

More Definitions of Pro Forma Excess Availability

Pro Forma Excess Availability means, for any date of calculation, the projected average Excess Availability for each Fiscal Month during any projected twelve (12) Fiscal Months.

Pro Forma Excess Availability means, for any date of calculation and with respect to any Specified Payment or Certain Specified Payment, average Alternate Availability calculated for the 90-day period ending immediately before the date on which such Specified Payment or Certain Specified Payment is being made (determined on each such relevant day by giving effect to such Specified Payment or Certain Specified Payment and any Loans made, or Letters of Credit issued in connection with or in contemplation of such Specified Payment or Certain Specified Payment, the proceeds of which are to be applied to such Specified Payment or Certain Specified Payment).

Pro Forma Excess Availability means, as of any date of calculation, after giving Pro Forma Effect to the transaction then to be consummated or payment to be made, Availability as of the date of such transaction or payment and for each of the sixty (60) days prior thereto.

Pro Forma Excess Availability means, for any date of calculation, the pro forma average Availability for each Fiscal Month for the Measurement Period most recently ended prior to such date of calculation determined as if the applicable transaction or payment had been consummated as the beginning of such Twelve Month Period.

Pro Forma Excess Availability means, as of any date of calculation, after giving pro forma effect to the transaction then to be consummated or payment to be made, Availability as of the date of such transaction or payment and projected average monthly Availability for each month during the subsequent projected twelve (12) fiscal months.

Pro Forma Excess Availability means, for any date of calculation, the Average Excess Availability for 90 days prior to, and including, such date, after giving effect to the transactions occurring on such date, based on assumptions and calculations reasonably acceptable to the Administrative Agent; it being agreed that, for purposes of calculating Pro Forma Excess Availability, unless the Administrative Agent shall otherwise agree in its reasonable discretion, no Inventory or Accounts to be acquired in an Investment otherwise permitted hereunder shall be included in the Borrowing Base until the Administrative Agent shall have completed a preliminary field audit and inventory appraisal in scope and with results reasonably satisfactory to it and until the Administrative Agent shall have received duly executed Deposit Account Control Agreements with respect to the DDAs to be acquired in such Investment.

Pro Forma Excess Availability means, for any date of calculation, after giving pro forma effect to the transaction then to be consummated, the projected Excess Availability for each Fiscal Month during any subsequent projected six (6) Fiscal Months.