Availability Trigger Date definition

Availability Trigger Date means (a) the date of delivery of the Compliance Certificate for the four fiscal quarter period ending June 30, 2005 provided that Consolidated EBITDA for the four quarter period then ended is greater than or equal to $30,000,000 or (b) if Consolidated EBITDA for the four quarter period ending June 30, 2005 is less than $30,000,000, the date of delivery of the Compliance Certificate for the four fiscal quarter period ending September 30, 2005.
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Availability Trigger Date means the first date upon which the Total Funded Debt/EBITDA Ratio as of the last day of any fiscal quarter is less than or equal to the corresponding ratio set forth opposite such fiscal quarter below:
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Availability Trigger Date as defined in the definition of “Cash Dominion Period”.
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Examples of Availability Trigger Date in a sentence

  • Assuming no additional Low Availability Trigger Date or Double-Sided Application Trigger Date occurs following the Second Amendment Effective Date, the first date on which any Low Availability Period or Double-Sided Application Period may end is June 1, 2009.

  • Any Borrowing Base Certificate overstates the correct Revolving Loan Availability and/or Contract Draw Loan Availability (after the Contract Draw Loan Availability Trigger Date) calculations by more than 5.0%, or, after the Contract Draw Loan Availability Trigger Date, any Live Location Report overstates the correct Average VGT Contract Length or Active VGT Location Number by more than 5.0%.

  • Notwithstanding the foregoing, after the Contract Availability Trigger Date, Accel Inc.

  • On or after the New Revolving Borrowing Availability Trigger Date, the Borrower shall make a prepayment of Revolving Advances to the extent the aggregate outstanding amount of Revolving Advances (including Specified Revolving Borrowings) exceeds the New Revolving Borrowing Amount then in effect.

  • The loss, theft, damage or destruction of any of the Collateral that could reasonably be expected to have an adverse effect, including, but not limited to, the VGTs or the Redemption Machines, or the sale of any VGT Operating Contracts without the Required Lenders’ prior written consent that results in the Contract Draw Loans exceeding Contract Draw Loan Availability after the Contract Draw Loan Availability Trigger Date.

  • As soon as available, and in any event within 20 calendar days following the last day of each calendar month, Borrower shall deliver to Administrative Agent a Vault Cash Report and a Live Locations Report, each certified to Administrative Agent by Borrower’s president or chief financial officer; provided that no Live Locations Report shall be required to be delivered until after the Contract Draw Loan Availability Trigger Date.


More Definitions of Availability Trigger Date

Availability Trigger Date means any date on which Excess Availability is less than $20,000,000.
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