Availability Ratio definition

Availability Ratio the ratio (expressed as a percentage), for any calendar month, of (a) the average daily Availability for such calendar month to (b) an amount equal to the sum of (i) the average daily Canadian Borrowing Base (without giving effect to the Canadian LC Reserve for purposes of this calculation) for such calendar month, plus (ii) the average daily U.S. Borrowing Base (without giving effect to the U.S. LC Reserve, the Canadian Overadvance Loan Balance, the German Overadvance Loan Balance, and the U.K./Dutch Overadvance Loan Balance for purposes of this calculation) for such calendar month, plus (iii) the average daily German Borrowing Base (without giving effect to the German LC Reserve for purposes of this calculation) for such calendar month, plus (iv) the average daily U.K./Dutch Borrowing Base (without giving effect to the U.K./Dutch LC Reserve for purposes of this calculation) for such calendar month. Available Currency: (i) in the case of a U.S. Borrower, Dollars, (ii) in the case of the Canadian Borrower, Dollars or Canadian Dollars, (iii) in the case of the German Borrower, Dollars, British Pounds, Swiss Francs or Euros (but in the case of German Base Rate Loans, Dollars only), and (iv) in the case of the U.K./Dutch Borrowers, Dollars, British Pounds or Euros (but in the case of U.K./Dutch Base Rate Loans, Dollars only). Bail-In Action: the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.

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Availability Ratio the ratio, expressed as a percentage, for any calendar quarter, of (a) the average Availability during such quarter to (b) the average amount of the Borrowing Base during such quarter. Availability Reserve: the sum (without duplication) of (i) the Inventory Reserve; (ii) the Rent and Charges Reserve; (iii) the LC Reserve; (iv) the Bank Product Reserve; (v) the aggregate amount of liabilities secured by Liens upon Collateral that are senior to Agent’s Liens (but imposition of any such reserve shall not waive an Event of Default arising therefrom); (vi) a reserve in respect of Hedging Agreements with one or more Lenders or Affiliates to reflect ▇▇▇▇ to market value risks relating thereto; (vii) Priority Payables; (viii) the Dilution Reserve; and (ix) such additional reserves, in such amounts and with respect to such matters, as Agent in its Credit Judgment may elect to impose from time to time. Bank of America: Bank of America, N.A., a national banking association, and its successors and assigns. Bank of America Indemnitees: Bank of America and its officers, directors, employees, Affiliates, agents, branches and attorneys.

Availability Ratio means the "Availability Ratio (ARmn)" as determined in accordance with Part D (Availability Ratio) of Attachment 11 (Service Payments).

Examples of Availability Ratio in a sentence

Availability Ratio: the ratio (expressed as a percentage), for any calendar quarter, of (a) the average daily Availability for such calendar quarter to (b) an amount equal to the average daily aggregate Revolver Commitments for such calendar quarter.
Each of the Lenders and the Administrative Agent shall have received evidence that on the Closing Date, after giving effect to the transactions contemplated hereby (including, without limitation, after giving effect to all borrowings under the Credit Agreement and all credit exposure), the Excess Availability Ratio will not be less than 10%.
If the Committed Monthly Availability Ratio per Wavelength set out in (a) above is not met, the following penalties shall be paid by Grantor to Purchaser.
The amount so determined shall then be added to the amount already outstanding in Dollars for the purpose of determining the remaining availability of funds under Sections 2.1.1, 2.4.1.1, 2.5.1, 2.11 and 4.1, any required repayments under Section 15.13.2 and the Excess Availability or the Total Facility Usage hereunder and calculating the Excess Availability Ratio or the Total Facility Usage Ratio.
Ratio > 1.75:1.00 or Uncapped Availability Ratio > 1.50:1.00 Prime + 0.25% Yes No Liquidity Ratio ≤ 1.75:1.00 and Uncapped Availability Ratio < 1.50:1.00 Prime + 0.75% Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.
The availability of the Rolling Stock for the provision of the Commuter Rail Services shall be determined as set forth in Section 3 of Part D (Availability Ratio) of Attachment 11.
The Applicable Margins shall be adjusted (up or down) prospectively on a quarterly basis as determined by Borrowers' Net Borrowing Availability Ratio , commencing with the first day of the first calendar month that occurs more than five days after delivery of Borrowers' quarterly Financial Statements to Lenders for the Fiscal Quarter ending March 31, 2001.
The availability of the stations on the Concessionaire-operated Components shall be determined as set out in Section 5 of Part D (Availability Ratio) of Attachment 11.
Liquidity Ratio > 1.75:1.00 or Uncapped Availability Ratio > 1.50:1.00 Prime + 0.25% Yes No Liquidity Ratio ≤ 1.75:1.00 and Uncapped Availability Ratio ≤ 1.50:1.00 Prime + 0.75% Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.
At any time that the Loan to -------------------------------- Availability Ratio is equal to or greater than 50% or Net Domestic Cash is less than $100,000,000, the Parent will maintain Adjusted Tangible Net Worth, determined as of the last day of each fiscal quarter, of not less than $1,500,000,000.

More Definitions of Availability Ratio

Availability Ratio means the “Availability Ratio (ARmn)” as determined in accordance with provisions of the Concession Agreement related to determining Service Payments and as described in “PAYMENTS UNDER THE CONCESSION AGREEMENT—Calculation of Service Payments” herein.

Availability Ratio means, at any date of determination thereof, the ratio of (a) the Total Outstandings as of such date to (b) the Borrowing Base as of such date (provided, that for purposes of calculating the Availability Ratio on any date a borrowing of Revolving Loans is requested, such Availability Ratio shall be calculated, after giving pro forma effect to the Revolving Loan to be made on the applicable borrowing date).