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.

  • 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.

  • 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 Xxxxxxx Chaus, Inc.

  • 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.

  • 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.

  • Total Non-Government Accounts Receivable Availability _________ Government Accounts Receivable Availability _________ Total Accounts Receivable Availability _________ Less: Revolving Note Balance (_________) Subtotal margin (deficiency) _________ Borrowing Base Adjustment *** _________ Borrowing Base Margin (Deficiency) _________ Date Northwest Teleproductions, Inc.

  • 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 16 Previous Loan Balance (Previous Report Line 19) 17 Less: A.

  • 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.

  • Tranche A Trade Accounts Receivable Availability $ 0.0 $ 0.0 $ 0.0 3.

  • Total Non-Government Accounts Receivable Availability _________ Government Accounts Receivable Availability _________ Total Accounts Receivable Availability _________ Less: Revolving Note Balance (_________) Subtotal margin (deficiency) _________ Borrowing Base Adjustment** _________ Borrowing Base Margin (Deficiency) _________ Date Northwest Teleproductions, Inc.


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 for each System is calculated as follows:

  • 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.

  • 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 the sum (without duplication of any other reserves or items that are otherwise addressed or excluded through eligibility criteria (including collection rates or collection percentages)) of (a) the Rent and Charges Reserve; (b) the Bank Product Reserve; provided that reserves of the type described in this clause (b) shall be instituted only after consultation with the Lead Borrower; (c) customs duties, and other costs to release Inventory which is being imported into the United States; (d) outstanding Taxes and other governmental charges, including, ad valorem, real estate, personal property, sales, and other Taxes which have priority over the interests of the Administrative Agent in the Current Asset Collateral; (e) salaries, wages and benefits due to employees of the Borrowers which have priority over the interests of the Administrative Agent in the Current Asset Collateral; (f) Customer Credit Liabilities, (g) the Inventory Reserve, and (h) such additional reserves not otherwise addressed in clauses (a) through (g) above, in such amounts and with respect to such matters, as the Administrative Agent in its Credit Judgment 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 three (3) Business Days’ prior written notice to the Lead Borrower, which notice shall include a reasonably detailed description of such 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 shall have the opportunity to 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 have a reasonable relationship to the event, condition or other matter that is the basis for such Availability Reserve or such change and (iii) no event, condition or matter existing or arising prior to or on the Closing Date shall be the basis for any reserve unless such event, condition or matter shall have changed since such time in a manner that is materially adverse to the Lenders. Notwithstanding clause (i) of the preceding sentence, changes to the Availability Reserves solely for purposes of correcting mathematical or clerical errors shall not be subject to such notice period, it being understood that no Default or Event of Default shall be deemed to result therefrom, if applicable, for a period of three (3) 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.

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.

  • 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.

  • 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.

  • 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 that are otherwise addressed or excluded through eligibility criteria, such reserves as the Agent from time to time determines in its discretion as being appropriate (a) to reflect the impediments to the Agent’s ability to realize upon the Collateral, (b) to reflect claims and liabilities that the Agent determines may need to be satisfied in connection with the realization upon the Collateral, (c) to reflect criteria, events, conditions, contingencies or risks which the Agent believes in good faith could adversely affect any component of the Borrowing Base, or the assets, business, financial performance or financial condition of any Loan 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 the Agent’s discretion, (but are not limited to) reserves based on: (i) rent; (ii) customs duties, and other costs to release Inventory which is being imported into the United States; (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 the Agent in the Collateral; (iv) salaries, wages and benefits due to employees of any Borrower, (v) Customer Credit Liabilities, (vi) customer deposits, (viii) reserves for reasonably anticipated changes in the Appraised Value of Eligible Inventory between appraisals, (viii) warehousemen’s or bailee’s charges and other Permitted Encumbrances which may have priority over the interests of the Agent in the Collateral, (ix) amounts due to vendors on account of consigned goods, (x) Cash Management Reserves, (xi) Bank Products Reserves and (xii) 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.

  • 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.

  • Delinquency Ratio means the ratio (expressed as a percentage and rounded to the nearest 1/100 of 1%, with 5/1000th of 1% rounded upward) computed as of the last day of each calendar month by dividing: (a) the aggregate Outstanding Balance of all Pool Receivables that were Delinquent Receivables on such day by (b) the aggregate Outstanding Balance of all Pool Receivables on such day.

  • Combined Loan-to-Value Ratio or CLTV As of any date and as to any Second-Lien Mortgage Loan, the ratio (expressed as a percentage) of the (a) sum of (i) the outstanding principal balance of the Second-Lien Mortgage Loan and (ii) the outstanding principal balance as of such date of any mortgage loan or mortgage loans that are senior or equal in priority to the Second-Lien Mortgage Loan and which are secured by the same Mortgaged Property to (b)

  • Rolling Three Month Delinquency Rate With respect to any Distribution Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates, respectively) immediately preceding calendar months.