Availability Limit definition

Availability Limit means (a) during the Interim Period, the Interim Facility Commitment Cap and (b) during the Final Period, the Aggregate Commitments.

Availability Limit means, on any date, an amount equal to the lesser of (i) the aggregate amount of the Commitments at such date and (ii) $85,000,000. The Availability Limit may be increased only by an amendment in accordance with Section 8.05, which the Banks may agree to or not agree to in their sole discretion. (NY) 27008/757/AMEND/amend00.2.conf

Availability Limit means, at any time, the least of (a) the Aggregate Commitments at such time, (b) the Borrowing Base at such time and (c) $75,000,000.

Examples of Availability Limit in a sentence

• If the Parties so agree, the Maximum Net Dependable Capacity, Unit Availability Limit and performance characteristics of the affected Unit shall be adjusted to reflect CAISO’s agreed upon rights to the Upgrade provided that any adjustment in heat input shall be made in accordance with Section 4.9(d).

• The amount of Energy that cannot be produced is the sum, for each Settlement Period during which the condition applicable to A, B or C above exists, of the difference between the Unit Availability Limit immediately prior to the condition and the Unit Availability Limit during the condition.

• Review reports of these were presented to the NPC, which approved 1,307 cases worth AFN 155.7 billion.• 59 cases were rejected by the NPC due to noncompliance, and 45 others were returned.

• C is the amount of Energy that cannot be produced (as defined below) because a Force Majeure Event reduces a Unit’s Availability to zero for at least thirty (30) days or because a Force Majeure Event reduces a Unit’s Availability for at least one hundred eighty (180) days to a level below the Unit Availability Limit immediately prior to the Force Majeure Event.

• If Owner has disputed a Dispatch Notice under Section 4.6 (i) (Minimum Load) (ii) (Minimum Run Time) (iii) (Minimum Off Time) (iv) (Start-up Lead Time and Ramping constraint), or (v) (Unit Availability Limit) and such dispute is not resolved prior to the time for delivery, Owner will use reasonable efforts to comply with the Dispatch Notice, but shall not be liable to CAISO if it is unable to do so and Owner prevails in the dispute.

More Definitions of Availability Limit

Availability Limit means each of the limits on the utilisation of the Facilities established or referred to in Clause 6 (Restrictions applicable to Individual Facilities).

Availability Limit means, on any date occurring during a Collateral/Covenant Period, the aggregate principal amount of Commitments and Term Loans that, when taken together (without duplication) with the aggregate principal amount of all other Priority Debt of the Borrower and its Subsidiaries then outstanding, would not exceed 20% of Consolidated Net Worth (determined as of the last day of the most recently ended four fiscal quarter period of the Borrower for which financial statements have been or are required to be delivered pursuant to Section 5.01(a) or (b)).

Availability Limit means the sum of the following, all as determined in the reports delivered to Administrative Agent and each Lender in accordance with Sections 6.01(a) and (b) of this Agreement: (a) 35% of the book value of Borrower's inventory; plus (b) 80% of the book value of Borrower's accounts receivable; plus (c) 100% of any funds maintained in the Borrower's Supplemental Borrowing Account.”

Availability Limit shall be as defined in Schedule A.

Availability Limit set forth in Section 1.01 of the Credit Agreement is amended to read in its entirety as follows:

Availability Limit means, on any date, an amount equal to the lesser of (i) the aggregate amount of the Commitments at such date and (ii)(x) at any date prior to the Arcadia Date, $22,500,000 and (y) at any date on or after the Arcadia Date, $28,500,000. The Availability Limit may be increased only by an amendment in accordance with Section 8.05, which the Banks may agree to or not agree to in their sole discretion.

Availability Limit at any time shall mean the greater of (i) $25,000,000 and (ii) 12.5% of the lesser of (x) the Total Revolving Credit Commitment at such time and (y) the Borrowing Base at such time (as determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 5.04, as adjusted in accordance with this Agreement); provided that, during the period commencing on April 1 through August 31 of each year, and only in the event the Borrowing Base shall exceed the Total Revolving Credit Commitment by at least $10,000,000, then at such time, “Availability Limit” shall mean $20,000,000.