Total Availability as of any date of determination, the lesser of (i) the aggregate Available Revolving Credit Commitments on such date and (ii) the amount equal to the excess, if any, of (a) the product of (x) 6.5 times (y) Annualized Borrower EBITDA determined for the most recent fiscal quarter ended for which financial statements have been or are required to be delivered pursuant to Section 6.1 over (b) Consolidated Net Debt on such date.
Total Availability means 7 days per week, 24 hours per day.
Total Availability means, at any time, the lesser of (a) the Total Revolving Commitments at such time and (b) the Borrowing Base at such time.
Examples of Total Availability in a sentence
The value of the Availability Performance Scalar will be determined based on the Total Availability Factor, in accordance with the following table.
The Successful Proponent will be responsible for the M&R during the School M&R Period, for those Schools achieving School Availability prior to Total Availability and during the M&R Period.
The Issuing Bank shall have no obligation to issue, and the Administrative Borrower shall not request the issuance of, any Letter of Credit at any time if after giving effect to such issuance, (i) the LC Exposure would exceed the LC Commitment, (ii) the Total Revolving Exposure would exceed the Total Availability at such time, or (iii) the expiry date of the proposed Letter of Credit is on or after than the close of business on the Letter of Credit Expiration Date.
The average availability of the application during ESH shall be at least 97% in a Quarter.Measurement of Service Level ParameterUptime = [(Total Availability of the Application in a quarter during PBH/ESH)/ (Total Time in a quarter in PBH/ESH)] *100 Any planned application downtime shall NOT be included in the calculation of application availability.
Each Borrowing shall be made in a minimum aggregate amount of $1,000,000 (or, if less, Total Availability) or a higher integral multiple of $500,000.
More Definitions of Total Availability
Total Availability has the meaning set forth in Section 2.01(c).
Total Availability means at any relevant time, (i) the Total Receivables Availability; PLUS (ii) the Total Stock Availability LESS (iii) the amount of the Reserves.
Total Availability means an amount equal to the Available Borrowing Base as then determined and computed.
Total Availability means the amount at any time by which (a) the lesser of (i) aggregate Commitments or (ii) the Borrowing Base, if applicable, exceeds (b) the Total Extensions of Credit at such time.
Total Availability means, at any time, (a) the remainder of the Aggregate Commitment Amount at such time minus (b) the sum of (i) the aggregate principal amount of the Loans outstanding at such time plus (ii) the Letter of Credit Outstandings at such time at such time. “Total Debt” means the sum of (a) the principal amount outstanding under all Indebtedness of Triton Holdco and its Consolidated Subsidiaries, including capitalized lease obligations and (b) all accrued interest on, and fees in respect of, such Indebtedness. Notwithstanding anything to the contrary herein, Indebtedness consisting of Hedging Obligations shall not be included in the calculation of Total Debt. “Total Debt Ratio” means, with respect to Triton Holdco and its Consolidated Subsidiaries the ratio of Total Debt to Consolidated Tangible Net Worth. “Triton Holdco” means Triton International Limited (an exempted company limited by shares incorporated in Bermuda). “Type” means, relative to any Borrowing or Loan, the characterization thereof as a Eurodollar Rate Loan or an Alternate Base Rate Loan. “UCC” means the Uniform Commercial Code as in effect in the State of New York. “UCP” means, with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce (“ICC”) Publication No. 600 (or such later version thereof as may be in effect at the time of issuance). “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. “UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution. “Unencumbered Assets Coverage Ratio” means, at any time, with respect to the Borrowers the ratio of (a) the sum of the Net Book Value of Eligible Assets of such Persons at such time to (b) the result of (i) the aggregate outstanding amount of unsecured Indebtedness of such Persons at such time (other than Indebtedness consisting of Hedging Obligations), minus (ii) all unencumbered and unrestricted cash held by such Persons in accounts of such P...
Total Availability means the sum of (a) the Borrowing Base and (b) from and including the date of consummation of a Permitted Business Acquisition funded by the Revolving Facility and completion of an examination of the acquired assets performed by or for the Agent to the satisfaction of the Agent, and unless and until such assets are sold or otherwise disposed of in accordance with Section 8.2, 50% of the net book value of property, plant and equipment (as determined in accordance with GAAP) of such Person or division or line of business of such Person acquired pursuant to a Permitted Business Acquisition to the extent the aggregate amount so calculated for all such Permitted Business Acquisitions does not exceed $5,000,000 at any time and to the extent the assets so acquired are subject to a valid and perfected first priority Lien in favor of the Collateral Agent for the benefit of the Lenders, subject to no other Liens other than the Liens (if any) permitted by the Credit Documents; provided that, if the Borrower fails to deliver any Total -------- Availability Certificate in the form and at the times required by Section 7.1(g), Total Availability shall, at the close of business on the fifth Business Day following the date on which such Total Availability Certificate was required to be delivered, be reduced to $0 and shall remain $0 until such time as a Total Availability Certificate in proper form is delivered, at which time Total Availability shall be calculated as set forth herein. For the purposes of a Borrowing to fund a Permitted Business Acquisition, Total Availability shall be adjusted (subject to completion of a collateral examination of the applicable receivables and inventory performed by or for the Agent to the satisfaction of the Agent and an independent appraisal of the property, plant and equipment to be acquired to the satisfaction of the Agent) to give effect to such Permitted Business Acquisition.
Total Availability at a particular date shall mean an amount equal to (a) the Formula Amount minus (b) the sum of (i) the outstanding amount of Advances plus (ii) fees and expenses for which Borrower is liable but which have not been paid or charged to Borrower’s Account.