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.

• During the Tranche A Availability Period, the Tranche B Availability Period, the Tranche C Availability Period and the Tranche D 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.

• Notwithstanding the foregoing, Advisor shall retain ownership of all works owned by Advisor prior to commencing work for Company hereunder, subject to Company’s nonexclusive, perpetual, paid up right and license to use such works in connection with its use of the Services and any Work Product.

• If, on any date, the aggregate Tranche A Revolving Loans exceed the Tranche A Availability at such time, the Borrower shall promptly prepay (without a corresponding reduction in the Tranche A Revolving Commitments) the Tranche A Revolving Loans to the Administrative Agent in an aggregate principal amount equal to such excess.

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, as of any date of determination thereof by the Agent, the result, if a positive number, of:

Tranche A Availability means, as of any date of determination thereof by the Agent, the result,

Tranche A Availability means, at any time (a) the lesser of ---------------------- (i) the Maximum Tranche A Commitment or (ii) the Tranche A Borrowing Base, minus (b) Reserves relating to U.S. Accounts or U.S. Inventory other than Reserves deducted in the calculation of the Tranche A Borrowing Base, minus (c) in each case, the Outstanding Tranche A Obligations.

Tranche A Availability means as of any date of determination an amount equal to (i) the Tranche A Loan Cap as of such date minus (ii) Tranche A Total Outstandings as of such date.

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.