Tranche A Availability definition

Tranche A Availability means the amount that Borrower is entitled to borrow as Tranche A Advances under Section 2.1, such amount being the difference derived when (a) the aggregate principal amount of Tranche A Advances then outstanding (including any amounts that the Lender Group may have paid for the account of Borrower pursuant to any of the Loan Documents and that are reimbursed by Borrower by being charged to the Loan Account as Tranche A Advances) is subtracted from (b) the lesser of (i) the Maximum Tranche A Amount, or (ii) the Borrowing Base.

Tranche A Availability at any time,

Tranche A Availability means, at any time, the lesser of (a) an amount not less than zero and otherwise equal to (i) the Aggregate Commitment Amount minus (ii) Total Outstandings and (b) an amount not less than zero and otherwise equal to (i) the Tranche A Borrowing Base minus (ii) the Outstanding Amount of Tranche A Loans, in each case as of such time.

Examples of Tranche A Availability in a sentence

• During the Tranche A Availability Period and the Tranche B Availability Period, as applicable, subject to the other terms and conditions of this Agreement, such Borrower may request and use the proceeds of Loans of one Type to repay outstanding Loans of another Type.

• During the Tranche A Availability Period, the Tranche B Availability Period, and the Tranche C Availability Period, as applicable, subject to the other terms and conditions of this Agreement, such Borrower may request and use the proceeds of Loans of one Type to repay outstanding Loans of another Type and to repay outstanding Swing Line Loans.

• Borrower may request Equipment Advances under Tranche A at any time from the date hereof through the Tranche A Availability End Date.

• Borrower may request Equipment Advances under Tranche B at any time from the Tranche A Availability End Date through the Tranche B Availability End Date.

• For the avoidance of doubt, subject to Tranche A Availability, the foregoing sentence shall not impair the Borrower’s ability to request Letters of Credit, Swingline Loans, Local Loans and Acceptances in accordance with the terms hereof and irrespective of Tranche B Availability.

More Definitions of Tranche A Availability

Tranche A Availability means, at any time, the lesser of (a) the difference between the Aggregate Facility Amount and the Total Credit Exposure of both Tranches at such time and (b) the difference between the Tranche A Borrowing Base and the Total Credit Exposure for Tranche A at such time.

Tranche A Availability at any time, (a) the lesser of (i) the aggregate Tranche A Revolving Commitments in effect at such time and (ii) the Tranche A Borrowing Base at such time (based on the Borrowing Base Certificate most recently delivered to the Administrative Agent pursuant to Section 6.2(g), after giving effect to any Eligibility Reserve, Specified Reserve or Dilution Reserve in effect at such time with respect to the Tranche A Borrowing Base (if any), in each case without duplication of any Eligibility Reserve or Dilution Reserve established with respect to the Tranche B Borrowing Base, whether or not reflected on such Borrowing Base Certificate but without duplication), minus (b) the aggregate amount of any Availability Reserve in effect at such time with respect to the Tranche A Borrowing Base (without duplication for any Availability Reserves established for the Tranche B Borrowing Base); provided, that notwithstanding anything to the contrary herein or in any other Loan Document, from the Closing Date until the date on which the Borrower delivers, or is required to deliver, the Borrowing Base Certificate with respect to the calendar month ending October 31, 2016 pursuant to Section 6.2(g), Tranche A Availability shall be equal to $300,000,000 for all purposes of this Agreement and the other Loan Documents.

Tranche A Availability means, on any date of determination, an amount equal to the lesser of (i) the Aggregate Tranche A Revolving Commitments less the amount of Reserves established under Section 2.2(d) hereof and (ii) the Tranche A Borrowing Base as most recently reported by the Borrower Representative in accordance with this Agreement.

Tranche A Availability means, at any time (a) the lesser of ----------------------

Tranche A Availability means, as of any date of determination, (a) the Aggregate Tranche A Commitment (without giving effect to any reduction thereof as a result of the funding of any Tranche A Loans) minus (b) the aggregate amount of Tranche A Loans made by the Lenders to the Borrower pursuant to this Agreement.

Tranche A Availability at any time, ef. the lesser of (i) the aggregate Tranche A Revolving Commitments in effect at such time and (ii) the Tranche A Revolving Borrowing Base at such time (based on the Borrowing Base Certificate most recently delivered to the Administrative Agent pursuant to Section 6.2(g), after giving effect to any Eligibility Reserve, Specified Reserve, Push Down Reserve or Dilution Reserve in effect at such time with respect to the Tranche A Borrowing Base (if any), in each case without duplication of any Eligibility Reserve or Dilution Reserve established with respect to the Tranche B Borrowing Base, whether or not reflected on such Borrowing Base Certificate but without duplication), minus eg. the aggregate amount of any Availability Reserve in effect at such time with respect to the Borrowing Base.

Tranche A Availability. End Date" means June 30, 2004.