ABL Excess Availability definition
ABL Excess Availability means “Excess Availability” as such term is defined in the ABL Credit Agreement.
ABL Excess Availability means, at any time, an amount equal to (a) the ABL Line Cap, minus (b) the aggregate ABL Revolving Exposures of all ABL Revolving Lenders at such time.
ABL Excess Availability means, at any time, the positive or negative amount equal to (a) the Stipulated ABL Borrowing Base minus (b) the Revolving Exposure.
Examples of ABL Excess Availability in a sentence
For purposes of calculating ABL Excess Availability as of the date hereof, the Lead Borrower, on behalf of the Borrowers, shall certify to the Administrative Agent that (i) all lease payments, accounts payable, payments due under Indebtedness (other than the Obligations) and Taxes are current, or are otherwise in accordance in all material respects with ordinary course payment practices of the Borrowers, in each case, excluding good faith disputes.
At all times, maintain ABL Excess Availability of at least the greater of (x) ten percent (10%) of the Global Line Cap and (y) $35,000,000.
ABL Excess Availability....................................................................................
More Definitions of ABL Excess Availability
ABL Excess Availability shall be the amount calculated as “Excess Availability” in the ABL Credit Agreement; provided that in all instances and for all purposes hereunder, such amount shall be net of the Push Down Reserve, if any, and the Availability Block (in each case, without duplication to the extent the Availability Block and Push Down Reserve may already be included in the calculation (including component definitions) of “Excess Availability” in the ABL Credit Agreement.
ABL Excess Availability means “Availability” as such term is defined in the ABL Credit Agreement.
ABL Excess Availability means “Excess Availability” as defined in the ABL Credit Agreement (as in effect on the Closing Date without giving effect to any amendment, modification or waiver thereof).
ABL Excess Availability means “Excess Availability” as such term is defined in the ABL Credit Agreement. “ABL Lenders” means the “Lenders” (or any analogous term) as defined in the ABL Credit Agreement. “ABL Loan Cap” means the “Loan Cap” as defined in the ABL Credit Agreement.
ABL Excess Availability shall have the meaning provided to the term “Excess Availability” in the ABL Credit Agreement as in effect on the date hereof. For the avoidance of doubt, calculation of Excess Availability under the ABL Credit Agreement shall in all instances take into account the Wind-up Reserve (if applicable) and the Push Down Reserve.
ABL Excess Availability means “Availability” as such term is defined in the ABL Credit Agreement. “ABL Intercreditor Agreement” means the Intercreditor Agreement, dated as of the date hereof, by and among the Administrative Agent and the ABL Agent, as acknowledged by the Loan Parties as amended, restated, amended and restated, supplemented or otherwise modified from time to time. “ABL Lenders” means the “Lenders” as such term is defined in the ABL Credit Agreement. “ABL Loan Documents” means the “Loan Documents” as such term is defined in the ABL Credit Agreement.