Securitization Availability means, at any time, the available borrowing capacity of WESCO Receivables under the Receivables Securitization Agreements, which available borrowing capacity is equal to (a) the lesser, at such time, of (i) the Securitization Maximum Potential Capital and (ii) the Securitization Purchase Limit minus (b) the amount of credit extended at such time to WESCO Receivables by the Securitization Lenders.
Securitization Availability means, on any date of determination, (a) the lesser of (i) Collateral Availability and (ii) the Purchase Limit, minus (b) the aggregate outstanding Capital of Receivable Interests.
Securitization Availability means, on any date of determination, (a) the lesser of (i) Collateral Availability and (ii) the Purchase Limit, minus