Receivable Availability definition

Receivable Availability shall have the meaning set forth in Section 8.1 hereof.
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Receivable Availability shall have the meaning specified in Section 2.1 hereof.
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Receivable Availability means Revolving Advances against Eligible Receivables which Lenders may, from time to time during the term of this Agreement, make available to Borrowers, in an amount up to 85% ("Receivable Advance Rate") of the net face amount of Borrowers' Eligible Receivables.
Sample 1

Examples of Receivable Availability in a sentence

  • Page 3 - Accounts Receivable Availability Detail FIRST BIOMEDICAL, INC.

  • List of attachments with this Borrowing Base Certificate: Authorized Signer Page 2 — Accounts Receivable Availability Detail Confidential treatment is being requested for portions of this document.

  • Accounts Receivable Balance per Aging Report Assigned To Xxxxx Fargo Capital Finance - Less Ineligibles (detailed on page 2) - Net Eligible Accounts Receivable - Accounts Receivable Availability before Sublimit(s) - Net Available Accounts Receivable after Sublimit(s) - Availability before Loan Balance - Confidential treatment is being requested for portions of this document.

  • The Receivable Availability shall mean an amount equal to eighty percent (80%) (the "Receivables Advance Percentage") of the Net Amount of Eligible Receivables which have been validly assigned to Lender and in which Lender holds a perfected security interest pursuant to the terms hereof ranking prior to and free and clear of all interests, claims, and rights of others.

  • City of Escondido (1992).12 Mobile home park owners claimed a taking through the combined effect of a mobile-home rent control ordinance and a state law forcing mobile home park owners to accept purchasers of mobile homes in the park as new tenants.

  • Receivable Availability 15,002 Loan Balance 12,852 F/G L/C Balance 641 Guarantees 130 Standby L/C’s 467 Total Debt 14,090 Net Availability 912 Schedule 1 Collateral Information Exact Companies Name in State of Organization: Xxxxxxx Chaus, Inc.

  • Within five (5) Business Days' after the date of the receipt by Agent of the request of Borrower's Agent to include the Credit Card Receivable Availability in the calculation of the Borrowing Base, Agent shall notify Borrower's Agent as to whether the conditions precedent thereto have been satisfied.

  • Date: Loan Number: Period Covered: to 1 Accounts Receivable Availability 0 2 Inventory Availability 0 3 Total Collateral Availability 0 4 Less: Reserves 5 Rent Reserve — 3 months 6 Reserve 2 7 Reserve 3 8 Reserve 4 9 Reserve 5 10 Reserve 6 11 Total Reserves 0 12 Net Collateral Availability 0 13 Revolver Line 50,000 14 Suppressed Availability (if any) 0 15 Maximum Borrowing Limit (Lesser of lines 12 and 13) 0 LOAN STATUS 16 Previous Loan Balance (Previous Report Line 19) 17 Less: A.

  • Tranche A Credit Card Accounts Receivable Availability $ 0.0 $ 0.0 $ 0.0 4.

  • Authorized Signer List of attachments with this Borrowing Base Certificate: Page 2—Accounts Receivable Availability Detail Page 2b—Accounts Receivable Concentrations Page 2c—Accounts Receivable Dilution Page 3—Inventory Availability Detail Page 3a—Inventory Availability Detail Page 3b—Inventory Availability Summary *** Certain confidential information has been omitted and filed separately with the Commission.


More Definitions of Receivable Availability

Receivable Availability means 85% ("Receivables Advance Rate") of the face amount of Eligible Receivables provided that in calculating Receivables Availability there shall be deducted from the face amount of Eligible Receivables an amount equal to the greater of (a) with respect to Eligible Receivables arising from the sale of Hydrocarbons, 38% of the face amount of such Eligible Receivables and (b) such other and further reserves as Lender deems appropriate in its sole and absolute discretion in connection with any material claim asserted or threatened against Lender or of which Lender becomes aware of material facts leading Lender to reasonably believe that an action or claim may be asserted against Lender arising out of or relating to the Financing Arrangement, including but not limited to, amounts which lessors, royalty holders, working interest holders and other Persons would be entitled to assert are secured by a UCC 9.319 Lien on the Receivables or proceeds thereof, whether or not such lessors, royalty holders, working interest holders or Persons, or any of them, have asserted or claimed any such UCC 9.319 Lien; provided however, in no event shall Receivables Availability arising from the sale of Hydrocarbon exceed 50% (before any deduction) of the face amount of the Eligible Receivables.
Sample 1

Related to Receivable Availability

  • 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.

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

  • 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.

  • 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.

  • System Availability means, with respect to any particular calendar month, the ratio obtained by subtracting Unscheduled Downtime during such month from the Total Monthly Time, and thereafter dividing the difference so obtained by the Total Monthly Time. Represented algebraically, System Availability for any particular calendar month is determined as follows:

  • Anticipated State average revenue availability per student means the sum of all anticipated total county revenue availability divided by the average daily membership for the State.

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • 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.

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

  • Borrowing Base Amount means:

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess 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.

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.

  • Availability Reserve means without duplication, (a) the Rent and Charges Reserve; (b) the Hedge Product Reserve, (c) the Banking Services Reserve; provided that reserves of the type described in this clause (c) shall be instituted only after consultation with the Lead Borrower; (d) the Priority Payable Reserve; (e) the GST, HST Tax Reserve; (f) the Royalty Reserve; and (g) such additional reserves not otherwise addressed in clauses (a) through (f) above, in such amounts and with respect to such matters, as the Administrative Agent in its Permitted Discretion may elect to establish or modify from time to time. Notwithstanding anything to the contrary in this Agreement, (i) such Availability Reserves shall not be established or changed except upon not less than five (5) Business Days’ (or such shorter period as may be agreed by the Lead Borrower) prior written notice to the Lead Borrower, which notice shall include a reasonably detailed description of such applicable Availability Reserve being established (during which period (a) the Administrative Agent shall, if requested, discuss any such Availability Reserve or change with the Lead Borrower and (b) the Lead Borrower may take such action as may be required so that the event, condition or matter that is the basis for such Availability Reserve or change thereto no longer exists or exists in a manner that would result in the establishment of a lower Availability Reserve or result in a lesser change thereto, in a manner and to the extent reasonably satisfactory to the Administrative Agent), (ii) the amount of any Availability Reserve established by the Administrative Agent, and any change in the amount of any Availability Reserve, shall be limited to such Availability Reserve or changes as the Administrative Agent determines in its Permitted Discretion to be necessary (a) to reflect items that could reasonably be expected to adversely affect the value of the applicable Eligible Accounts or Eligible Inventory or (b) to reflect items that could reasonably be expected to adversely affect the enforceability or priority of the Administrative Agent’s Liens on the applicable Collateral, and (iii) the amount of any Availability Reserve established by the Administrative Agent, and any change in the amount of any Availability Reserve, shall have a reasonable relationship to the event, condition or other matter that is the basis for such Availability Reserve, criteria, rate or such change; provided that (x) no Availability Reserves may be established after the Closing Date based on circumstances, contingencies, events, conditions or matters known to the Administrative Agent as of the Closing Date for which no Availability Reserve was imposed on the Closing Date or criteria included in the definitions of Eligible Accounts or Eligible Inventory, in each case, as in effect on the Closing Date, unless such events, conditions or matters have changed in any material adverse respect since the Closing Date, (y) in no event shall any Availability Reserve with respect to any component of the Borrowing Base duplicate any Availability Reserve or adjustment already accounted for in determining eligibility criteria (including collection and/or advance rates) and (z) no Availability Reserve shall be imposed on the first 5% of dilution of Accounts and thereafter no dilution Availability Reserve shall exceed 1% for each incremental whole percentage in dilution over 5% (it being agreed that partial percentage point reserves are permitted (e.g., a reserve for 0.1 percentage points where dilution is 5.1%). Notwithstanding clause (i) of the preceding sentence, changes to the Availability Reserves solely for purposes of correcting mathematical or clerical errors (and such other changes as are otherwise agreed to by the Lead Borrower) shall only be subject to a notice period of one (1) Business Day, it being understood that no Default or Event of Default shall be deemed to result therefrom, if applicable, for a period of five (5) Business Days.

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Availability Block means $15,000,000.

  • Canadian Availability means, at any time, an amount equal to (a) the lesser of (i) the aggregate Canadian Revolving Commitments at such time and (ii) the Canadian Borrowing Base at such time, minus (b) Commitment Reserves established with respect to the Canadian Loan Parties and/or the Canadian Collateral at such time minus (c) the Aggregate Canadian Credit Exposure at such time.

  • 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.

  • Anticipated total county revenue availability per student means the anticipated total county revenue availability for the county divided by the average daily membership of the county.

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

  • Availability Reserves means, without duplication of any other Reserves or items to the extent such items are otherwise addressed or excluded through eligibility criteria, such reserves as Agent from time to time determines in its Permitted Discretion as being appropriate (a) to reflect the impediments to Agent’s ability to realize upon the Collateral, (b) to reflect claims and liabilities that Agent determines in its Permitted Discretion will need to be satisfied in connection with the realization upon the Collateral, (c) to reflect criteria, events, conditions, contingencies or risks which adversely affect any component of the Borrowing Base, or the assets, business, financial performance or financial condition of any Credit Party, or (d) to reflect that a Default or an Event of Default then exists. Without limiting the generality of the foregoing, Availability Reserves may include, in Agent’s Permitted Discretion, (but are not limited to) reserves based on: (i) Rent Reserves; (ii) customs duties, and other costs to release Inventory which is being imported into the United States of America; (iii) outstanding Taxes and other governmental charges, including, without limitation, ad valorem, real estate, personal property, sales, claims of the PBGC and other Taxes which may have priority over the interests of Agent in the Collateral; (iv) salaries, wages and benefits due to employees of any Borrower, (v) Customer Credit Liabilities, (vi) Customer Deposits, (vii) reserves for reasonably anticipated changes in the Appraised Value of Eligible Inventory between appraisals, (viii) warehousemen’s or bailee’s charges and other Permitted Liens which may have priority over the interests of Agent in the Collateral, (ix) amounts due to vendors on account of consigned goods, (x) Cash Management Reserves, (xi) Bank Products Reserves, and (xi) royalties payable in respect of licensed merchandise.

  • 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.

  • Network Availability means the capability of the equipment to resume functions after a remotely initiated trigger has been detected by a network port;

  • Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Anticipated total county revenue availability means the sum of the: