Seasonal Availability Period definition

Seasonal Availability Period means, until the Facility Termination Date, any period of up to five consecutive months during the period from December 1 of each year through April 30 of the following year, which period may be initiated by a Seasonal Availability Notice. The Seasonal Availability Period may be terminated early by written notice to such effect by the Borrower to the Agent at least three Business Days prior to the effective date of such termination.
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Seasonal Availability Period means, until the Facility Termination Date, any period of up to four consecutive months during the period from December 1 of each year through March 31 of the following year, which period may be initiated by written notice by the Borrower to the Agent given at least three Business Days, and not more than ten Business Days, prior to the first day of such period (the length of such period shall be specified in such notice (not exceeding four months) and may be terminated early by written notice to such effect by the Borrower to the Agent at least three Business Days prior to the effective date of such termination).
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Seasonal Availability Period means either the period commencing (a) December 15th of a calendar year and ending on the date of the effectiveness of the Borrowing Base Certificate for May of the immediately succeeding year but in any event not later than June 15th or (b) January 15th of a calendar year and ending on the date of the effectiveness of the Borrowing Base Certificate for June of the immediately succeeding year but in any event not later than July 15th, such Seasonal Availability Period to be requested in writing by Administrative Borrower to Agent no later than November 15th of each calendar year (each such request, being a “Seasonal Availability Request”); as part of such Seasonal Availability Request, Administrative Borrower shall identify the four (4) months of the requested Seasonal Availability Period that Seasonal Availability is requested to be $12,500,000. Once the Seasonal Availability Request is submitted to the Agent, the Seasonal Availability Request shall be irrevocable, and Seasonal Availability shall be available to Borrowers subject to the satisfaction and the maintenance of the conditions set forth in the definition of Seasonal Availability set forth in this Agreement.
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Examples of Seasonal Availability Period in a sentence

  • At any time of determination, the then Excess Availability, minus, if applicable, the Incremental Seasonal Amount if the Seasonal Availability Period is in effect at such time; provided, however, that Adjusted Excess Availability shall not apply at any time after the payment in full of the Indebtedness under the Second Lien Loan Facility.

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


More Definitions of Seasonal Availability Period

Seasonal Availability Period means the period from and including ---------------------------- August 1 of any calendar year to and including January 31 of the next calendar year. "SEC" shall mean the Securities and Exchange Commission. ---
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Related to Seasonal Availability Period

  • 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.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

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

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

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

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

  • 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.

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

  • 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.

  • Availability Block means $15,000,000.

  • 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.

  • Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.

  • Benchmark Unavailability Period means, the period (if any) (a) beginning at the time that a Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.23 and (b) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.23.

  • 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.

  • 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.

  • Maximum Availability has the meaning set forth in Section 2.1.1.

  • 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.

  • 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).

  • 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.

  • 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.

  • Facility Period means the period beginning on the date of this Agreement and ending on the date when the whole of the Indebtedness has been repaid in full and the Security Parties have ceased to be under any further actual or contingent liability to the Finance Parties under or in connection with the Finance Documents.

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

  • 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.

  • 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.

  • 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.