Advance Availability definition

Advance Availability means, for any Advance Date, the lesser of (i) the Commitment Amount minus the Aggregate Outstanding Note Balance and (ii) the Borrowing Base minus the Aggregate Outstanding Note Balance, in each case measured as of the Business Day before the Issuer’s delivery of an Advance Request (giving pro forma effect to the Advance requested and any Loans to be acquired on the proposed Advance Date). Following the occurrence of the Investment Period Termination Date, the Advance Availability shall be zero.
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Advance Availability means, at any particular time, the amount by which (i) the Aggregate Commitment at such time exceeds (ii) the Total Outstandings.
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Advance Availability means an amount equal to 250% of EBITDA for the twelve-month period ended on the date of determination, determined as at the last day of the most recent fiscal quarter end of Borrower.
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Examples of Advance Availability in a sentence

  • Subject to the terms and conditions of this Agreement, the Borrower may borrow CAF Advances from time to time on any Business Day during the CAF Advance Availability Period.

  • Subject to the terms and conditions of this Agreement, the Borrowers or any one or more of them may borrow CAF Advances from time to time during the CAF Advance Availability Period on any Business Day.

  • Subject to the terms and conditions of this Agreement, the U.S. Borrower may borrow CAF Advances in U.S. Dollars from time to time on any Business Day during the CAF Advance Availability Period.

  • Subject to the terms and conditions of this Agreement, the Borrower may borrow CAF Advances from time to time under the Total Revolving Commitment on any Banking Day during the CAF Advance Availability Period.

  • Any Equipment Advances that are outstanding on the Equipment Advance Availability End Date shall be payable in thirty (30) equal monthly installments of principal, plus all accrued interest, beginning on July 1, 2013, and continuing on the same day of each month thereafter through the Equipment Line Maturity Date, at which time all amounts due in connection with Equipment Advances made under this Section 2.1(b) shall be immediately due and payable.

  • Notwithstanding anything to the contrary in this Agreement or in the other Loan Documents, payments applied to reduce the principal balance of the Line of Credit will be applied first to reduce all outstanding amounts drawn under the Special Advance Availability and second to reduce the remainder of the Line of Credit.

  • Subject to the terms and conditions of this Agreement, the Borrower may request advances ("CAF Advances") from time to time on any Business Day during the CAF Advance Availability Period.

  • The Parking Lot Easement is subject to all existing rights of others in the Petruzziello Parcel, provided that in each case such existing rights do not materially and adversely interfere with the Party’s use of its respective easement.

  • Subject to the other terms and conditions of this Agreement, Lender will provide to Debtor, and Debtor may draw, additional revolving loan availability underneath the Line of Credit (as in effect on a date, the "Special Advance Availability").

  • For all purposes of this Agreement and the other Loan Documents, Debtor will be deemed to have made a drawing of the Special Advance Availability, and the Special Advance Availability will be deemed outstanding, in the amount by which the outstanding balance of the Line of Credit, as at any time of determination, exceeds availability under the Line of Credit determined under subsections (a) and (b) of Section 3.


More Definitions of Advance Availability

Advance Availability means the difference between (i) the Maximum Advance Amount and (ii) Advances outstanding.
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Related to Advance Availability

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Service Availability The total number of minutes in a calendar quarter that the Tyler Software is capable of receiving, processing, and responding to requests, excluding maintenance windows, Client Error Incidents and Force Majeure.

  • Average Availability means, with respect to any period, the sum of the aggregate amount of Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.