Examples of Receivables Availability in a sentence

In the absence of a "Termination Event" under, and as defined in, the Receivables Purchase Facility and unless the Administrative Agent in its reasonable judgment determines otherwise, the amount of the Receivables Availability at any date shall be as certified as of such date by the Borrower.
Minimum Average Monthly Loan Amount Maximum Revolving Amount Overadvance Availability Overdraft Loans Overadvance Rate Receivables Availability Revolving Interest Rate Term Loan Term Loan Rate Term Note PROVIDED, that such deletions shall not impair any references to any of such terms in the provisions added by this Amendment.
The Borrowing Base Certificate shall certify to Lender, and shall contain sufficient information and calculations as Lender may deem necessary or desirable, in order to verify any Receivables Availability, the applicable Formula Amount and whether or not Receivables included therein are Eligible Receivables.
So long as Lender is satisfied with the weekly and monthly borrowing base certificates delivered by each Borrower, the Receivables Availability shall be adjusted based on such borrowing base certificates.
In the event the aggregate amount of Revolving Advances exceeds the Inventory Availability and the Receivables Availability for five (5) or more days in any month during the Term, the Letter of Credit Fees shall increase by one-eighth of one percent (0.125%) during such month.

More Definitions of Receivables Availability

Receivables Availability means the amount of Revolving Credit Advances against Eligible Receivables Lender may from time to time during the Term of this Agreement make available to Borrower up to the lesser of (a) $100,000, or (b) up to forty percent (40%) of the net face amount of Borrower's Eligible Receivables.

Receivables Availability means the amount of Revolving Credit Advances against Eligible Receivables Lender may from time to time during the term of this Agreement make available to each Borrower up to eighty-five percent (85%) of the net face amount of Eligible Receivables of such Borrower. The Eligible Receivables of ADC shall be included for the purposes of determining the Eligible Receivables of Agro-Dan.

Receivables Availability means, as at any time of determination thereof, the amount (if any) by which the Availability at such time (as disclosed in the most recently submitted Investment Base Certificate or as otherwise determined by Purchaser or the Operating Agent based on the Seller Collateral information available to it, including any information obtained from any audit or from any other reports with respect to the Seller Collateral, which determination shall be final, binding and conclusive on all parties to the Purchase Agreement in the absence of manifest error) exceeds the Capital Investment at such time.

Receivables Availability means, at any time, the aggregate "Purchase Price" of all additional "Receivables" and related assets owned by NSFC at such time that the "Buyers" would have to purchase from NSFC in an "Incremental Purchase" under the Receivables Purchase Agreement if NSFC were to send to the "Administrative Agent" the appropriate "Purchase Notice" (as such terms are defined in the Receivables Purchase Agreement).

Receivables Availability shall have the meaning specified in Section 2.1 hereof.

Receivables Availability means at any time an amount equal to eighty percent (80%) of the face amount (less maximum discounts, credits and allowances which may be taken by or granted to Account Debtors in connection therewith) outstanding at such time under existing Eligible Accounts, less such reserves as Agent in its reasonable discretion and in accordance with its customary business practices elects to establish less applied progress payments received from the U.S. Government with respect to such Eligible Accounts for goods sold to the U.S. Government. Agent shall notify the Company in writing of any reserves it chooses to establish from time to time.