Average Accounts Securitization Proceeds definition

Average Accounts Securitization Proceeds means, for any period, as determined on a Consolidated basis, without duplication, for the US Borrower and its Subsidiaries, the average for such period of the total amount of borrowings or issuances of instruments or securities in connection with any Accounts Securitization as of each calendar month end during such period.
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Average Accounts Securitization Proceeds means, for any period, as determined on a Consolidated basis, without duplication, for the US Borrower and its Subsidiaries, the average for such period of the total amount of borrowings or issuances of instruments or securities in connection with any Accounts Securitization as of each calendar month end during such period; provided that if any calendar month ending as of any date set forth below is included in any period for which the Average Accounts Securitization is being determined, the total amount of borrowings or issuances of instruments or securities as of such calendar month end shall be deemed to be the amount set forth below opposite such date: November 30, 2003 $ 45,767,000 December 31, 2003 $ 42,418,000 January 31, 2004 $ 33,478,000 February 29, 2004 $ 40,838,000 March 31, 2004 $ 49,998,000 April 30, 2004 $ 83,203,000 May 31, 2004 $ 100,000,000 June 30, 2004 $ 100,000,000 July 31, 2004 $ 97,000,000 August 31, 2004 $ 79,480,000 September 30, 2004 $ 69,770,000 October 31, 2004 $ 59,670,000
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Average Accounts Securitization Proceeds of a Person means, without duplication, the average for such period of the total amount of borrowings or issuances of instruments or securities in connection with any Accounts Securitization as of each calendar month end during such period.”
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Examples of Average Accounts Securitization Proceeds in a sentence

  • As of any fiscal quarter end, permit the ratio of (a) the sum of (i) the Average Total Funded Indebtedness for the period of twelve (12) consecutive months ending on or immediately prior to such date plus (ii) the Average Accounts Securitization Proceeds for the period of twelve (12) consecutive months ending on or immediately prior to such date to (b) EBITDA for the period of twelve (12) consecutive months ending on or immediately prior to such date to be greater than or equal to 3.0 to 1.0.

  • The Company will not, as of the end of any fiscal quarter, permit the ratio of (a) the sum of (i) Average Total Funded Indebtedness for the period of 12 consecutive months ending on or immediately prior to such date plus (ii) Average Accounts Securitization Proceeds for the period of 12 consecutive months ending on or immediately prior to such date to (b) EBITDA for the period of 12 consecutive months ending on or immediately prior to such date to be greater than or equal to 3.5 to 1.0.