Additional Availability Amount definition

Additional Availability Amount means (i) during the period commencing on August 1, 1999 and ending on September 15, 1999, 1999 an amount equal to $750,000 and (ii) at all times on and after September 16, 1999 an amount equal to zero.

Additional Availability Amount means, as of any date of determination, the lesser of (i) $25,000,000 less any reduction in this clause (i) of the Additional Availability Amount under Section 3.3 and (ii) 20% of the Net Amount of Eligible Accounts less any reduction in this clause (ii) of the Additional Availability Amount under Section 3.3.

Additional Availability Amount means an amount equal to (i) $1,300,000 during the period commencing September 12, 2006 and ending October 26, 2006, (ii) $2,500,000 during the period commencing October 27, 2006 and ending December 2, 2006, (iii) $500,000 during the period commencing December 3, 2006 and ending December 30, 2006, and (iv) zero at all times on and after December 31, 2006.

Examples of Additional Availability Amount in a sentence

• In the event that there shall be Excess Cash Flow for any fiscal year (commencing with fiscal year 2012), so long as the Maximum Additional Availability Amount is greater than $0, Borrower shall, no later than ninety days after the end of such fiscal year, prepay the Obligations in an aggregate amount equal to the Proportionate Share of 75% of such Excess Cash Flow; provided, that, in no event shall any such prepayment exceed the Maximum Additional Availability Amount at such time.

• Notwithstanding the foregoing, Borrowers shall not be entitled to obtain Advances in excess of $65,000,000 unless prior to May 15, 2000, AMRESCO shall have delivered written notice to the Lenders (the "Availability Increase Notice") to elect to increase the availability under the Revolving Credit Facility by $10,000,000 (and not less than such amount) (the "Additional Availability Amount"), from $65,000,000 to $75,000,000.

• Upon execution of this Amendment, Borrower requests that Lender fully funds the Additional Availability Amount to Borrower in accordance with this Amendment and the Agreement.

• The aggregate balance of Revolving Advances plus the aggregate amount of Letters of Credit outstanding at any time plus the Effective Additional Availability Amount shall not exceed the lesser of (a) Maximum Loan Amount or (b) the Formula Amount.

• As long as an Additional Availability Amount is available to be drawn or is outstanding, Borrower shall not open any new stores without the consent of the Agent; provided, that an existing store relocated to a new location shall not be treated as a new store for purposes hereof.

More Definitions of Additional Availability Amount

Additional Availability Amount means the sum of (a) the product of (i) 15% (or such lesser rate as determined from time to time by the Administrative Agent in its commercially reasonable discretion in accordance with Section 1.05) and (ii) the Appraised Value of all Eligible Real Estate (other than Eligible Real Estate consisting of the Principal Properties), plus (b) the product of (i) 15% (or such lesser rate as determined from time to time by the Administrative Agent in its commercially reasonable discretion in accordance with Section 1.05) and (ii) the Appraised Value of all Principal Properties; plus (c) during the period commencing on the Restatement Effective Date and ending on and including November 30, 2009, the lesser of

Additional Availability Amount means an amount equal to (i) $2,500,000 during the period commencing April 10, 2006 and ending June 30, 2006, (ii) $1,500,000 during the period commencing July 1, 2006 and ending July 28, 2006, and (iii) zero at all times on and after July 29, 2006.

Additional Availability Amount means, solely during the Additional Availability Period, an amount, as of any date of determination during the Additional Availability Period, the Dollar Equivalent Amount as of such date of determination equal to the lesser of (a) $1,0000,000 and (b) the sum of (i) ten percent (10%) of Eligible Accounts plus (ii) five percent (5%) of the NOLV of Eligible Inventory (with Eligible Accounts and Eligible Inventory determined in (i) and (ii) using the most recent Borrowing Base Calculation). Solely during the Additional Availability Period, all Revolving Loans outstanding from time to time (up to the Additional Availability Amount at such time) shall be deemed issued in respect of the Additional Availability Amount.

Additional Availability Amount means, as of any date of determination, an amount equal to the lesser of (a) $2,000,000 reduced automatically by $83,333.33 on the first day of each month commencing on February 1, 2023 or (b) the sum of (i) ten percent (10%) of the aggregate amount of Eligible 314050368.12 Accounts plus (ii) ten percent (10%) of the Net Orderly Liquidation Value of the Eligible Inventory (both of (b)(i) and (b)(ii) being calculated using the most recent Borrowing Base Calculation); provided, that Borrower Representative shall be permitted to reduce the amount in clause(a) hereof to $0 on a permanent basis by delivery of written notice to the Agent.

Additional Availability Amount means, for the Availability Increase Period specified, (a) $3,000,000 from the Effective Date through and including the date which is the 60th day after the Effective Date, (b) $2,500,000 during the period from the date which is the 61st day after the Effective Date through and including the date which is the 90th day after the Effective Date, (c) $2,000,000 from the 91st day after the Effective Date through and including July 31, 2002; provided, however, that the Additional Availability Amount shall be reduced by $166,667 each month end commencing February 28, 2002 through and including July 31, 2002 and (d) $1,167,000 from August 1, 2002 through and including the Stated Termination Date; provided however, that the Additional Availability Amount shall be reduced by $233,000 each month end commencing on October 31, 2002 until the Additional Availability Amount is zero.

Additional Availability Amount means the lesser of (a) $750,000 minus $150,000 on the first day of each month after the Closing Date until exhausted, and (b) 75% of the amount of Accounts due to Borrower from any Account Debtor who has failed to pay such Account within 60 days of invoice date, but less than 90 days of invoice date, and that otherwise meet all other requirements for eligibility under the definition of "Eligible Accounts."

Additional Availability Amount means, as of the Closing Date, the sum of $800,000.00 and beginning on the date that is three (3) Business Days after the date of receipt by the Second Lien Agent of the first cash payment made pursuant to clause (y) of Section 4.4(b) of the Second Lien Intercreditor Agreement and at all times thereafter, $0.00.