Average Daily Availability Clause Samples

The Average Daily Availability clause defines how the average operational uptime or accessibility of a service, system, or equipment is measured over a specified period. Typically, this clause outlines the calculation method for determining the percentage of time the resource is available each day, often by dividing the total available hours by the total possible hours in the period. Its core practical function is to set clear performance expectations and benchmarks, ensuring both parties understand the minimum acceptable level of service and providing a basis for accountability or remedies if availability falls short.
Average Daily Availability. ((i)(a)/(i)(b))/((ii)(a)/(ii)(b)) = $ [ , , ] (i) (a) the sum, for each day in the applicable fiscal quarter (or period), of (A) the total Credit Limit then in effect minus (B) the Aggregate Credit Exposure on such day: $ [ , , ] (b) Days in applicable fiscal quarter (or period): [ ] (ii) (a) the sum of the total Revolving Commitments in effect for each day during such fiscal quarter (or period) $ [ , , ]
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Average Daily Availability. For the thirty days prior to the Closing Date, Average Daily Availability shall have been not less than $2,000,000.
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Average Daily Availability a. Borrowing Base calculated daily for the period ending minus daily outstanding Credit Extensions: See Attached Schedule b. Total Commitments calculated daily minus daily outstanding Credit Extensions for the period ending : See Attached Schedule c. Number of days in such period: d. Average daily Availability (Lesser of Line 1(a) divided by Line 1(c) or Line 1(b) divided by Line 1(c)):
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Average Daily Availability. Borrower shall not permit its Average Daily Availability for the one-month period ending on the last day of any calendar month be less than $10,000,000.
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Average Daily Availability. 44 9.16 Closing Fee.................................................. 44
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Average Daily Availability. ((i)(a)/(i)(b))/((ii)(a)/(ii)(b)) = $[___,___,___] (i) (a) the sum, for each day in the applicable fiscal quarter, of (A) the total Credit Limit then in effect minus (B) the Aggregate Credit Exposure on such day: $[___,___,___]
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Related to Average Daily Availability

  • Product Availability Under no circumstances shall Company be responsible to Representative or anyone else for its failure to fill accepted orders, or for its delay in filling accepted orders, when such failure or delay is due to strike, accident, labor trouble, acts of nature, freight embargo, war, civil disturbance, vendor problems or any cause beyond Company's reasonable control.

  • System Availability Although we will try to provide continuous access to the Service, we cannot and do not guarantee that the Service will be available 100% of the time and will not be liable in the event Service is unavailable. Actual service or network performance is dependent on a variety of factors outside of our control. If you notify us within twenty-four (24) hours and we confirm an outage consisting of a period of two (2) hours in any calendar month, and not due to any service, act, or omission of you, a third party, your applications, equipment or facilities, or reasons outside of our control, you shall be eligible for a service credit. A service credit shall be computed as a pro-rated charge for one day of the regular monthly fees for the Service in the next monthly statement. Intermittent service outages for periods of less than two (2) hours are not considered service outages. Outages caused by routine scheduled maintenance are also not considered an outage. You shall receive advance notice no less than forty-eight (48) hours in advance of our scheduled maintenance. Scheduled maintenance will be performed between 12:00 a.m. and 6:00 a.m. CST.

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

  • General Availability The commitment to availability specified in the letter of appointment shall be subject to mutually acceptable revision. Such revision will occur once per year, or, if mutually agreed between the Employer and the employee, on a more frequent basis. The Employer will issue a revised letter of appointment to reflect approved changes to employee’s general availability.