Tranche B Availability definition

Tranche B Availability means the amount that Borrower is entitled to borrow as Tranche B Advances under Section 2.2, such amount being the difference derived when (a) the aggregate principal amount of Tranche B 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 B Advances) is subtracted from (b) the Maximum Tranche B Amount.

Tranche B 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 B Borrowing Base minus (ii) the Outstanding Amount of Tranche B Loans, in each case as of such time.

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

Examples of Tranche B 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.

• Borrower may request one Acquisition Advance under Acquisition Tranche B at any time from the first Business Day following any Acquisition Tranche A Advance through the Acquisition Tranche B Availability End Date.

• Borrower may request Equipment Line B Advances under ELB Tranche C at any time from the first Business Day following the ELB Tranche B Availability End Date through the ELB Tranche C Availability End Date.

More Definitions of Tranche B Availability

Tranche B Availability at any time, (a) the lesser of (i) the aggregate Tranche B Revolving Commitments in effect at such time and (ii) the Tranche B 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 or Dilution Reserve in effect at such time with respect to the Tranche B Borrowing Base (if any), in each case without duplication of any Eligibility Reserve or Dilution Reserve established with respect to the Tranche A 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 B Borrowing Base (without duplication for any Availability Reserves established for the Tranche A Borrowing Base).

Tranche B Availability means, at any time, an amount equal to (a) the lesser of (i) the aggregate Tranche B Commitments of all Tranche B Revolving Lenders and (ii) (A) the Canadian Borrowing Base minus (B) the Tranche C Canadian Borrowing Base Usage plus (C) the U.S. Borrowing Base Availability minus (b) the total Tranche B Revolving Exposure (calculated, with respect to any Defaulting Lender, as if such Defaulting Lender had funded its Applicable Percentage of all outstanding Borrowings).

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

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

Tranche B Availability means an amount equal to $10,000,000, which amount shall automatically and permanently be reduced by $2,000,000 per month commencing with the last Business Day of August, 2000, and on the last Business Day of each month thereafter until reduced to zero ($0).

Tranche B Availability shall have the meaning set forth in the Revolving Loan Agreement.

Tranche B Availability means an amount equal to $10,000,000, which amount shall automatically and permanently be reduced by $2,000,000 per month commencing with the last Business Day of November, 2000, and on the last Business Day of each month thereafter until reduced to zero ($0); provided, however, if at any time when a reduction is otherwise scheduled to occur, the amount then available to the Borrowers under the Borrowing Base (calculated without giving effect to Plan Distribution Availability) is less than $5,000,000, or would be reduced below $5,000,000 as a result of such scheduled reduction, then such scheduled reduction shall be suspended, and such reductions shall not be reinstated until such time as the amount available to the Borrowers under the Borrowing Base (calculated without giving effect to Plan Distribution Availability) is equal to or greater than $5,000,000."