Average Daily Excess Availability definition

Average Daily Excess Availability means the average daily Excess Availability for the immediately preceding Fiscal Quarter.
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Average Daily Excess Availability means, with respect to any fiscal quarter, (a)(i) the sum of Excess Availability for each day during such fiscal quarter, divided by (ii) the number of days in such fiscal quarter, divided by (b)(i) the Aggregate Commitments in effect for each day during such fiscal quarter divided by (ii) the number of days in such fiscal quarter.
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Average Daily Excess Availability means, for any period, the result of the sum of the Excess Availability as of the end of each day during such period, divided by the number of days in such period.
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Examples of Average Daily Excess Availability in a sentence

  • The LIBOR loans bear interest at LIBOR plus an applicable margin of (a) 2.25% if the Average Daily Excess Availability Percentage (as defined in the ABL Facility Credit Agreement) exceeds 25% or (b) 2.50% if the Average Daily Excess Availability Percentage is equal to 25% or less.

  • The Prime Rate loans bear interest at a Prime Rate (equal to the higher of (a) the applicable prime lending rate, (b) 0.50% above the overnight federal funds rate, or (c) 1.00% above LIBOR, subject to a 0.25% floor), plus an applicable margin of (x) 1.25% if the Average Daily Excess Availability Percentage exceeds 25% or (y) 1.50 % if the Average Daily Excess Availability Percentage is 25% or less.

  • Prime Rate Loans bear interest at a Prime Rate (equal to the higher of(x) the applicable prime lending rate, (y) 0.50% above the overnight federal funds rate and (z) 1.00% above LIBOR, subject to a 0.25% floor), plus an applicable margin of 1.25% if the Average Daily Excess Availability Percentage exceeds 25% and 1.50 % if the Average Daily Excess Availability Percentage is 25% or less.

  • The Prepetition ABL Facility provides for LIBOR Loans and Prime Rate Loans.LIBOR Loans bear interest at LIBOR plus an applicable margin of 2.25% if the Average Daily Excess Availability Percentage exceeds 25% and 2.50% if the Average Daily Excess Availability Percentage is 25% or less.

  • This is the real reason why only Warrior Lang and Priest Apprentice Xiong remain as Tuzi's Male leads.Shizi's thoughts: 'Sigh~ this is the fault of his lord's soul being reborn in one of the Male Leads in this world.


More Definitions of Average Daily Excess Availability

Average Daily Excess Availability means, as of any day, the average of the daily Available Facility Amounts for the immediately preceding Fiscal Quarter.
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Average Daily Excess Availability means the average daily Excess Availability for the immediately preceding fiscal quarter of the Borrowers.
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Average Daily Excess Availability means, for any period, the result of (a) the sum of the aggregate amount by which the Maximum Revolver Amount exceeds the Revolver Usage as of each Business Day during such period (calculated as of the end of each Business Day during such period) divided by (b) the number of Business Days in such period.
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Average Daily Excess Availability means the average daily Excess Availability for the immediately preceding fiscal quarter. “Backstop LC” has the meaning ascribed thereto in the definition of the term “Cash Collateralize”.
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Average Daily Excess Availability means the average daily Excess Availability for theimmediately preceding fiscal quarter.
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Average Daily Excess Availability means, as of the date of determination, the average daily excess availability under the Financing Agreement as calculated by Agent in accordance with the terms of the Financing Agreement for the immediately prior 60 calendar days.
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Average Daily Excess Availability means, for any calendar month, an amount equal to the average daily Excess Availability during such calendar month.
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