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, 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.
Suppressed Availability means (a) the amount of the Combined Borrowing Base minus (b) the Maximum Revolver Amount.
Examples of Suppressed Availability in a sentence
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, 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 the amount of excess, if any, of the amount of the Borrowing Base over the Aggregate Revolving Commitment.
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 as of any date of determination the amount, if any, by which the Borrowing Base on such date exceeds the aggregate Commitments of all Lenders then outstanding.
Suppressed Availability means the amount of excess, if any, of the amount of the Borrowing Base over the Aggregate Commitment.
Suppressed Availability means, at any time, the amount, if any, by which the Borrowing Base exceeds the Aggregate Revolving Commitments at such time, but not to exceed the amount equal to 2.5% of the Aggregate Revolving Commitments.