AVAILABILITY-WOC definition

AVAILABILITY-WOC means, at any time, (a) the lesser of (i) $10,000,000, and (ii) the sum of (A) eighty-five percent (85%) of the Net Amount of WOC's Eligible Accounts; PLUS (B) sixty percent (60%) of the value of WOC's Eligible Inventory; MINUS
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Related to AVAILABILITY-WOC

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Availability Block means $15,000,000.

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.