Seasonal Availability definition

Seasonal Availability with respect to the water to which an entitlement refers means: (a) for that part of the entitlement whose availability is determined by reference to seasonal allocations: the final seasonal allocation announcement of the relevant State during the previous Water Year; and (b) for that part of the entitlement whose availability is determined by reference to the entitlement of South Australia: the allocated volume received during the previous Water Year by South Australia as a proportion of its entitlement during that Water Year under this Agreement;
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Seasonal Availability means at the time determined, the Seasonal Facility Amount minus the Principal Debt owed to the Seasonal Lenders.
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Seasonal Availability. Seasonal Bank," "Seasonal Bank Commitment," "Seasonal Bank Commitment Percentage," "Seasonal Borrowing," "Seasonal Drawdown Termination Date," "Seasonal Facility," "Seasonal Facility Amount," "Seasonal Facility Termination Date," "Seasonal Issuer," "Seasonal Period" and "Seasonal Lenders.
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Examples of Seasonal Availability in a sentence

  • Seasonal Availability Block - as defined in the Revolving Credit Agreement.

  • Notwithstanding this Section 6.3, no interest shall be paid with respect to any Monthly Availability Adjustment or Seasonal Availability Adjustment so long as such Monthly Availability Adjustment or Seasonal Availability Adjustment have been correctly calculated and invoiced in accordance with this Agreement.

  • The definition of “Term Loan Discretionary Reserve” is hereby amended by inserting “the Schedule III Reserve,” immediately after “the Seasonal Availability Block,” Term Loan Discretionary Reserve” in the parenthetical in the first sentence of such definition.

  • At all times during the Seasonal Availability Period, Borrowers shall maintain Excess Availability in an amount equal to or greater than $7,500,000.

  • Delivery of energy from Alternate Resources shall be MWh Delivered for purposes of the Monthly Availability Percentage and the Seasonal Availability Percentage calculations.

  • Notwithstanding this Section 12.3, no interest shall be paid with respect to any Monthly Availability Adjustment or Seasonal Availability Adjustment except to the extent that such Monthly Availability Adjustment or Seasonal Availability Adjustment was not correctly calculated and/or invoiced in accordance with this Agreement.

  • The definition of “Term Loan Discretionary Reserve” is hereby amended by inserting “, the Availability Block, the Seasonal Availability Block, or the Term Loan Supplemental Reserve” immediately after “Term Loan Discretionary Reserve” in the parenthetical in the first sentence of such definition.

  • The Administrative Agent shall impose the Availability Block, the Seasonal Availability Block[,] and the Loan to Value Reserve[, the Schedule III Reserve (in accordance with the terms of such Schedule III Reserve), the Term Loan Supplemental Reserve (in accordance with the terms of such Term Loan Supplemental Reserve) and the Term Loan Discretionary Reserve].

  • For each season, the Seasonal Availability Factor ("SAF") shall not be less than [redacted]%.

  • Scranton Products Seasonal A/R Availability Scranton Products Seasonal Inventory Availability - see attached schedule Total Seasonal Availability (capped @ $5,000,000) * Scranton Products Seasonal Tranche available from July 1 through October 31.


More Definitions of Seasonal Availability

Seasonal Availability means (a) $12,500,000 during the four months of the Seasonal Availability Period specified in the applicable Seasonal Availability Request, (b) $10,000,000 at all other times during the applicable Seasonal Availability Period, and (c) -0- at all other times of the year, provided, that, Seasonal Availability shall only be available during any Seasonal Availability Period if the following conditions are satisfied: (i) EBITDA for Administrative Borrower and its Subsidiaries for the immediately preceding twelve (12) consecutive month period ending on the last day of the fiscal month immediately prior to the commencement of the Seasonal Availability Period, shall be at least $50,000,000, as determined by Agent from the EBITDA calculation and reconciliation set forth in the Monthly Seasonal Information Report, (ii) as of the date of the commencement of the Seasonal Availability Period, and after giving effect thereto and at all times during such period, no Default or Event of Default shall exist or have occurred and be continuing, and (iii) Borrowers shall maintain minimum Excess Availability as set forth in the Section 7.1(b) at all times during the Seasonal Availability Period. If at any time during the Seasonal Availability Period any of the following occurs: (A) EBITDA for Administrative Borrower and its Subsidiaries for the immediately preceding twelve (12) consecutive month period ending on the last day of any fiscal month during the Seasonal Availability Period, is less than $50,000,000, (B) any Default or Event of Default shall exist or have occurred and be continuing, or (C) if Borrowers shall fail at any time to maintain minimum Excess Availability as set forth in the Section 7.1(b) hereof then, and in any such event, Seasonal Availability shall be immediately reduced to zero for the remainder of the applicable Seasonal Availability Period; provided, that, in the event that Seasonal Availability is reduced to zero as a result of a failure to comply with the minimum EBITDA requirement as set forth in clause (A), Seasonal Availability, may at the request of Administrative Borrower be reinstated so long as EBITDA for SWI and its Subsidiaries for the immediately preceding twelve (12) consecutive month period ending on the last day of the most recent fiscal month during the Seasonal Availability Period (whether or not Seasonal Availability is then in effect) as evidenced by the most recent Monthly Seasonal Information Report is at least $50,000,000 (inclusi...
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Seasonal Availability has the meaning set forth in Exhibit O.
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Seasonal Availability with respect to the water to 25 which an entitlement refers means: 26 (a) for that part of the entitlement whose availability 27 is determined by reference to seasonal 28 allocations: the final seasonal allocation 29 announcement of the relevant State during the 30 previous Water Year; and 31 (b) for that part of the entitlement whose availability 32 is determined by reference to the entitlement of 33 South Australia: the allocated volume received 34 during the previous Water Year by South 35 Australia as a proportion of its entitlement 36 during that Water Year under this Agreement; 37
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Related to Seasonal Availability

  • General Availability means the date a version of Software was first made available to be licensed by Sandvine customers.

  • 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.

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

  • 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:

  • 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.