Remaining Availability definition

Remaining Availability means, at any time a determination thereof is to be made, that amount which results by subtracting from the Maximum Availability at such time the Aggregate Outstanding Credit Exposure at such time.
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Remaining Availability means, at any time a determination thereof is to be made, that amount which results by subtracting from the Maximum Availability the sum of (i) the principal balance of the Revolving Loan outstanding at such time, and (ii) the aggregate Documentary Letter of Credit Exposure at such time.
Sample 1
Remaining Availability. The lesser of (i) $175,000,000 (which as of January 1, 2010 shall be reduced to $125,000,000) or (ii) Item (D), less Item (E)(3) less Item (F) $ CERTIFICATIONS: A) The Loan Parties are not in default under the Credit Agreement or any of Loan Parties’ obligations and all representations and warranties contained in the Credit Agreement are true and correct as of the date hereof (except those that relate solely to an earlier date). B) No remittances have been received from, or returns and allowances granted to, any debtors whose accounts have been assigned to the Agent other than as reported. C) The Loan Parties hereby grants to Administrative Agent a first priority (subject to Permitted Liens) interest in all accounts which came into existence since the last Certificate, and all rights, title and interest in and to the product and proceeds.
Sample 1

Examples of Remaining Availability in a sentence

  • The remaining 50% shall vest upon the borrowing of any portion of the Remaining Availability at a price determined by 1) if any part of the Remaining Availability is borrowed prior to the closing of an additional round of venture capital or corporate partner equity financing of at least $3,000,000 ("Round C"), $2.51 per share, 2) if none of the Remaining Availability is borrowed prior to the closing of Round C, the per share price of preferred stock issued in Round C.

  • Each Eurodollar Advance shall be in the minimum amount of $2,000,000.00 (and in multiples of $100,000.00 if in excess thereof), and each Floating Rate Advance (other than a Swing Line Loan or an Advance to repay Swing Line Loans) shall be in the minimum amount of $1,000,000.00 (and in multiples of $100,000.00 if in excess thereof), provided, however, that any Floating Rate Advance may be in the amount of the Remaining Availability.

  • Additionally, the monitor machine consists of a simple Linux machine.

  • Debt Following is a summary of our outstanding balances and availability on credit facilities and long-term debt, exclusive of capital lease obligations (in thousands): Outstanding as of August 31, 2019 Remaining Availability Bank secured revolving credit facilities(1) $ 96,835 $ 604,365Other debt obligations $ 487 N/A (1) Remaining availability is net of $10 million of outstanding stand-by letters of credit as of August 31, 2019.

  • Any unused portion of the Remaining Availability after application of the preceding sentence up to the lesser of (x) the number of Registrable Common Shares requested to be included by Cisco (but not in excess of (1) 30% of the number of Registrable Common Shares requested to be included by Cisco less (2) the number of Registrable Common Shares allocated to Cisco pursuant to the second preceding sentence) and (y) such unused portion of the Remaining Availability shall then be allocated to Cisco.

  • If such default is not cured within seven (7) days of the occurrence of this default, Borrower and Guarantor shall be permitted to obtain alternative financing up to the then amount of Remaining Availability under this Loan Agreement and the Loan Documents and incur additional indebtedness for such then amount of Remaining Availability over and beyond the limitations on Permitted Indebtedness imposed by Section 13a) at Borrower’s and/or Guarantor’s discretion without need for approval from ASPEN.

  • Aspen further represents and warrants that it will at all times maintain the dollar amount of such Remaining Availability in a segregated account, which shall be available to the Company upon three business days written notice to Aspen.

  • The remaining 50% shall vest upon the borrowing of any portion of the Remaining Availability at a price determined by 1) if any part of the Remaining Availability is borrowed prior to the closing of an additional round of venture capital or corporate partner equity financing of at least $3,000,000 (Round C), $2.51 per share, 2) if none of the Remaining Availability is borrowed prior to the closing of Round C, the per share price of preferred stock issued in Round C.

  • Any unused portion of the Remaining Availability after application of the preceding four sentences shall be allocated pro rata among the Investors whose requests for inclusion in such registration have not theretofore been satisfied in full on the basis of the number of shares requested to be included in such registration that have not theretofore been included.

Related to Remaining Availability

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

  • 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.

  • Maximum Availability means, as of any date of determination, the difference of (i) the Facility Amount minus (ii) the balance of all unfunded Advances approved but not yet funded minus (iii) the Aggregate Unfunded Amount plus (iv) all amounts on deposit in the Unfunded Exposure Account, each as of such date of determination.

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

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • System Availability for each System is calculated as follows:

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

  • Total Available Amount With respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date and the amount of all cash or other immediately available funds on deposit in the Reserve Account immediately prior to such Distribution Date.

  • Availability Block means $15,000,000.

  • 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.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Maximum Credit means, at any time, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time.

  • 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.

  • Suppressed Availability means, at any time, an amount equal to the amount (if any, but in no event less than zero) by which the Borrowing Base exceeds the aggregate Revolving Commitments at such time.

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of:

  • Maximum Available Minutes is the sum of all Deployment Minutes across all Queues and Topics deployed by Customer in a given Azure subscription during a billing month.

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

  • Available Commitment means a Lender’s Commitment minus: