Alternate Availability definition
Alternate Availability means, on any date of determination, Suppressed Excess Availability; provided, however, that at all times that Excess Availability is less than 10% of the Revolving Credit Amount, “Alternate Availability” shall mean Excess Availability.
Alternate Availability means, on any date of determination, Suppressed Excess Availability; provided , however , that at all times that Excess Availability is less than 10% of the Revolving Credit Amount, “Alternate Availability” shall mean Excess Availability.
Alternate Availability means, on any date of determination occurring (a) during the period commencing on the Sixth Restatement Effective Date and ending on the earlier of (i) the date that is 180 days thereafter and (ii) the Sunshine Settlement Date (the earlier of such dates, the “Specified Anniversary Date”), the sum of (A) Excess Availability plus (B) the lesser of (1) Suppressed Availability and (2) 10% of the Aggregate Revolving Commitments, and (b) from and after the Specified Anniversary Date, the sum of (i) Excess Availability plus (ii) the lesser of (A) Suppressed Availability and (B) 5% of the Aggregate Revolving Commitments.