Aggregate Availability definition

Aggregate Availability means, with respect to all the Borrowers, at any time, an amount equal to (a) the lesser of (i) the aggregate amount of the Commitments and (ii) the Aggregate Borrowing Base minus (b) the total Revolving Exposure.
Aggregate Availability means, at any time, the aggregate Availability of all the Borrowers.
Aggregate Availability means, at any time, an amount equal to the sum of the US Availability, the Canadian Availability and the UK Availability.

Examples of Aggregate Availability in a sentence

  • At any time that there is sufficient Aggregate Availability and the conditions precedent set forth in Section 4.02 have been satisfied, the Administrative Agent may request the Lenders to make a Revolving Loan to repay a Protective Advance.

  • At any time that there is sufficient Aggregate Availability and the conditions precedent set forth in Section 4.02 have been satisfied, the Administrative Agent may request the Lenders to make a Revolving Loan, in the currency in which the applicable Protective Advance was denominated, to repay a Protective Advance.

  • During any Level 1 Minimum Aggregate Availability Period the Loan Parties will not permit the Fixed Charge Coverage Ratio as of the last day of any Test Period (including the last Test Period prior to the commencement of such Minimum Aggregate Availability Period for which financial statements for the quarter or fiscal year then ended have been (or have been required to be) delivered pursuant to Section 5.01(a) or 5.01(b), as applicable) to be less than 1.00 to 1.00.

  • The consolidated Average Adjusted Aggregate Availability under the working capital debt facility must be greater than $18.8 million.

  • The rates provided by the working capital credit facility are noted in the following table, based on the "Average Adjusted Aggregate Availability" as defined in the credit agreement.


More Definitions of Aggregate Availability

Aggregate Availability means, as of any date of determination, the positive difference (if any) between (i) the aggregate amount of Commitments as of such date and (ii) the Total Utilization of Commitments as of such date.
Aggregate Availability means, as of any date of determination, the sum of the (x) Availability and (y) Availability (as defined in the Other Loan Agreement), in each case, as of such date of determination.
Aggregate Availability means, as of any date of determination, the amount by which (a) the lesser of (i) the Aggregate US Revolving Loan Commitment and (ii) the sum of, without duplication, the US Dollar Equivalent of the aggregate Borrowing Bases of the Borrowers, exceeds (b) the sum of the US Dollar Equivalent of (i) the aggregate outstanding principal of all Loans, (ii) the aggregate amount of all Letter of Credit Obligations, plus (iii) aggregate Reserves as established by the Agents.
Aggregate Availability means, with respect to all Borrowers, at any time, an amount equal to (a) the lesser of (i) the aggregate Revolving Commitment and (ii) the Aggregate Borrowing Base minus (b) the sum of (i) the aggregate Domestic Revolving Exposure of all Revolving Lenders, (ii) the aggregate Canadian Revolving Exposure of all Lenders and (iii) at all times after the Ex-Im Effective Date, the sum of the aggregate Ex-Im Revolving Exposure of all Lenders.
Aggregate Availability contained in Section 1.01 of the Credit Agreement shall be amended and restated in its entirety to read as follows:
Aggregate Availability means, at any time, an amount equal to the sum of the US Availability, the Canadian Availability and the UK Collateral Availability; provided, that for purposes of calculating Aggregate Availability, UK Collateral Availability shall not be less than zero; provided, further in no event shall Aggregate Availability exceed the amount equal to (a) the aggregate amount of the US Revolving Commitments at such time minus (b) the Commitment Reserves established at such time with respect to the US Revolving Commitments, the UK Revolving Commitments and the Canadian Revolving Commitments minus (c) the US Credit Exposure at such time.
Aggregate Availability means the aggregate of Availability and Last Out Availability.