Suppressed Availability definition

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.

Suppressed Availability means the amount of excess, if any, of the amount of the Borrowing Base over the Aggregate Revolving Commitment.

Suppressed Availability means, at any time, an amount, if positive, by which the Borrowing Base at such time exceeds the Aggregate Commitments at such time; provided that Suppressed Availability at any time shall not exceed 2.5% of the Aggregate Commitments at such time.

Examples of Suppressed Availability in a sentence

• Modified Availability: on any date of determination, an amount equal to the sum of (a) Availability, plus (b) the lesser of (i) Suppressed Availability; or (ii) $25,000,000.

• The terms and conditions -------------------------------- of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties.

• Environmental Health Factors 287 chemicals including: pesticides, brominated flame retardants, dioxins, phthalates and mercury The American Academy of Pediatrics recommended its 60,000 member pediatricians familiarize themselves with the potential adverse health effects of chemicals in the environment.

• Suppressed Availability – an amount equal to the difference derived when the sum of the principal amount of Revolving Credit Loans then outstanding (including any amounts which Agent or any Lender may have paid for the account of Co-Borrowers pursuant to any of the Loan Documents and which have not been reimbursed by Co-Borrowers), the LC Amount and any reserves, without duplication, is subtracted from the Collateral Borrowing Base.

• The Agent may in its reasonable discretion waive any visit or inspection conducted pursuant to this Section 7.9(a) if at the time of determination (i) Suppressed Availability is greater than 50% of the Maximum Revolver Amount and (ii) the Total Indebtedness Leverage Ratio is less than 3.50 to 1.00; provided, that the Agent may not waive a visit or inspection conducted pursuant to this Section 7.9(a) for two consecutive 12-month periods.

More Definitions of Suppressed Availability

Suppressed Availability means (a) the amount of the Combined Borrowing Base minus (b) the Maximum Revolver Amount.

Suppressed Availability means, as of any date of determination, the result (so long as it is a positive number) of (a) the Borrowing Base as of such date, minus (b) the Maximum Revolver Amount as of such date; if the result of the foregoing is a negative number, then Suppressed Availability is zero.

Suppressed Availability means an amount, if positive, by which the Borrowing Base (excluding Eligible Cash) exceeds the aggregate Revolving Commitments; provided, for the purposes of calculating Specified Availability, Suppressed Availability shall not exceed 5.0% of the aggregate Revolving Commitments at such time.

Suppressed Availability means the amount, as determined by Lender, calculated at any time, which Borrowers shall otherwise be entitled to borrow under applicable lending formulas but which shall not be available to, and which shall be withheld from, Borrowers.

Suppressed Availability means the amount (not less than zero) by which the then-applicable Borrowing Base exceeds the then-effective Commitments.

Suppressed Availability as of any date of determination, the amount (if any, but in no event less than zero) by which the aggregate Borrowing Base exceeds the aggregate Revolver Commitments.

Suppressed Availability means, as of any date of determination, the positive difference, if any, between (a) (i) the Borrowing Base as of such date minus (ii) all Availability Reserves and Dilution Reserves and (b) the aggregate amount of the Lenders’ Commitments as of such date.