Applicable Excess Availability Amount definition
Applicable Excess Availability Amount means an amount equal to 10% of the Maximum Revolver Amount.
Applicable Excess Availability Amount means $20,000,000.
Applicable Excess Availability Amount means, as of any date of determination thereof, $10,000,000; provided, however, that the Applicable Excess Availability Amount shall be reduced to $1 on August 1, 2004 if prior to such date the Credit Parties are in compliance with each of the covenants set forth in §8.10 for and as of the end of the Parent's 2004 Fiscal Year, as determined based upon the financial statements and Borrowing Base and Collateral Update Certificate delivered by the Borrower with respect to and as of the end of such fiscal year."
More Definitions of Applicable Excess Availability Amount
Applicable Excess Availability Amount means $25,000,000; provided, that if a Revolver Increase has been made in accordance with Section 2.2 of the Agreement, Applicable Excess Availability Amount means an amount equal to $25,000,000 plus 40% of the aggregate amount of Revolver Increases.
Applicable Excess Availability Amount means $25,000,000; provided, that, if the Maximum Revolver Amount has been increased to an amount in excess of $125,000,000 in accordance with Section 2.2 of the Agreement, Applicable Excess Availability Amount means, as of any date of determination, an amount equal to $25,000,000 plus 20% of the difference between (i) the Maximum Revolver Amount as of such date (after giving effect to all such increases) and (ii) $125,000,000; provided further that, notwithstanding the foregoing, at all times during the period commencing on the Fourth Amendment Effective Date and ending on the date 45 days after the Fourth Amendment Effective Date, Applicable Excess Availability Amount means $15,000,000.