Specified Suppressed Availability an amount, if positive, by which the Borrowing Base exceeds the aggregate amount of the Commitments; provided that if Excess Availability is less than the lesser of (1) 5.0% of the lesser of (x) the aggregate amount of the Commitments and (y) the Borrowing Base and (2) $17,500,000, Specified Suppressed Availability shall be zero.
Specified Suppressed Availability the amount, if positive, by which the Borrowing Base exceeds the aggregate amount of the Commitments; provided that if aggregate Available Loan Commitments of all Lenders are less than the lesser of (i) 5% of the lesser of (x) the aggregate amount of the Commitments and (y) the Borrowing Base and (ii) $15,000,000, Specified Suppressed Availability shall be zero.
Specified Suppressed Availability as of any date of determination, the lesser of (a) the amount (if any, but in no event less than zero) by which the aggregate Borrowing Base exceeds the aggregate Revolver Commitments and (b) an amount equal to 5% of the aggregate Revolver Commitments.
Examples of Specified Suppressed Availability in a sentence
Availability is less than the lesser of (1) 5% of the lesser of (x) the Total Facility Commitment and (y) the Borrowing Base and (2) $75.0 million, such Specified Suppressed Availability shall be zero.
More Definitions of Specified Suppressed Availability
Specified Suppressed Availability means an amount, if positive, by which the Aggregate Borrowing Base as then in effect exceeds the aggregate amount of the Total Commitment as then in effect; provided that if Specified Suppressed Availability exceeds an amount equal to 2.5% of the lesser of (A) the Total Commitment as then in effect and (B) the Aggregate Borrowing Base as then in effect (such amount, the “Specified Suppressed Availability Cap”), then Specified Suppressed Availability shall be deemed to be the Specified Suppressed Availability Cap.
Specified Suppressed Availability as of any date of determination, an amount, if positive, by which (i) the sum of (x) the Canadian Borrowing Base and (y) the U.S. Borrowing Base exceeds (ii) the Commitments hereunder; provided, that, if the Borrowing Base is equal to or less than the aggregate amount of the Commitments hereunder, or if, as of such date, the Available Loan Commitments are less than the lesser of (x) 10% of the lesser of (1) the Total Commitments hereunder and (2) the sum of the Canadian Borrowing Base and U.S. Borrowing Base and (y) $200,000,000, the Specified Suppressed Availability shall be zero.
Specified Suppressed Availability means an amount, if positive, by which the Borrowing Base exceeds the aggregate amount of the ABL Commitments; provided that if Excess Availability is less than the lesser of (i) 5% of the lesser of (x) the aggregate amount of the ABL Commitments and (y) the Borrowing Base and (ii) $50 million, Specified Suppressed Availability shall be zero.
Specified Suppressed Availability means an amount, if positive, by which the Borrowing Base exceeds the Aggregate Commitments.
Specified Suppressed Availability an amount, if positive, by which the Borrowing Base exceeds the aggregate amount of the Commitments; provided that if Excess Availability is less than $25,000,000, Specified Suppressed Availability shall be zero.
Specified Suppressed Availability as of any date of determination, an amount, if positive, by which (i) the sum of (x) the Tranche A Borrowing Base and (y) the Tranche A-1 Borrowing Base exceeds (ii) the aggregate Commitments hereunder; provided, that, if (i) the sum of the Tranche A Borrowing Base and the Tranche A-1 Borrowing Base is equal to or less than the aggregate amount of the Commitments hereunder or (ii) as of such date, the Excess Facility Availability is less than the lesser of (x) 5% of the lesser of (1) the aggregate Commitments hereunder and (2) the sum of the Tranche A Borrowing Base and Tranche A-1 Borrowing Base and (y) $55,000,000, then in either case, the Specified Suppressed Availability shall be zero.
Specified Suppressed Availability means the lesser of: (a) the amount by which the Borrowing Base exceeds the aggregate commitments in respect of the ABL Facility at such time and (b) the amount equal to 5% of the aggregate commitments in respect of the ABL Facility at such time.