Availability Restriction definition

Availability Restriction means, as of any particular time, the product of (a) the Value of Negative Pledge Property and (b) sixty-five percent (65%).
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Availability Restriction means, as of any particular time,
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Availability Restriction means, as of any particular time, ------------------------
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Examples of Availability Restriction in a sentence

  • If, at any time, the aggregate amount of the Loans and the Swing Line Loans then outstanding shall exceed the lesser of (i) the Commitment and (ii) the Availability Restriction, the Borrower shall make a repayment of the principal amount of the Loans and the Swing Line Loans in an amount equal to such excess (which payment shall be applied first to the Swing Line Loans then outstanding).

  • The Borrower agrees to pay to the Administrative Agent for the benefit of the Banks, in accordance with their respective Commitment Ratios, a utilization fee on the average unborrowed amount which is (i) the lesser of (A) the Commitment and (B) the Availability Restriction minus (ii) the Loans and the Swing Line Loans then outstanding for each day from the Agreement Date through the Maturity Date, at a rate of one-quarter of one percent (.25%) per annum.

  • The Borrower shall not, at any time, ------------ permit the sum of (a) the Loans and (b) the Letter of Credit Obligations to exceed the Availability Restriction on such date.

  • If, at any time, the amount of the Loans then outstanding shall exceed the lesser of (i) the Commitment or (ii) the Availability Restriction, the Borrower shall make a repayment of the principal amount of the Loans in an amount equal to such excess.

  • Schedule 11 attached hereto sets forth, as of June 30, 2001, all Valued Assets of the Borrower and its Consolidated Entities included in the calculation of the Availability Restriction.