Average Monthly Availability definition

Average Monthly Availability means, for any calendar month, an amount equal to the average daily Availability during such month.
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Average Monthly Availability means, for any calendar month, the average daily Availability for such calendar month. Average Monthly Availability shall be calculated by the Borrower Representative in a manner reasonably acceptable to the Administrative Agent.
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Average Monthly Availability means, as of any date of determination, (a) the average daily borrowing availability for the preceding month, less (b) the sum of (i) the average daily amount of Advances that were outstanding during the immediately preceding month, plus (ii) the average daily amount of the undrawn Letters of Credit that were outstanding during the immediately preceding month.
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Examples of Average Monthly Availability in a sentence

  • Monthly Average Availability is calculated via the following formula: Average Monthly Availability (%) = (Total hours in month-total unavailable hours in month) x 100 ------------------------------------------------------------ Total hours in a month OUTAGE: An Outage shall be deemed to commence upon the opening of a trouble ticket with the SAVVIS Network Control Center and shall be deemed to terminate upon the restoration of service.

  • The Borrower will not permit, at any time when Average Monthly Availability is less than an amount equal to 15% of the Commitments at such time, the Fixed Charge Coverage Ratio at the end of any fiscal month to be less than 1.0:1.0.

  • Monthly Average Availability is calculated via the following formula: Average Monthly Availability(%) = (Total hours in month-total unavailable hours in month) *100 ----------------------------------------------------- Total hours in a month OUTAGE: An Outage shall be deemed to commence upon the opening of a trouble ticket with the SAVVIS Network Control Center and shall be deemed to terminate upon the restoration of service.


More Definitions of Average Monthly Availability

Average Monthly Availability means, at any time, (a) the average Availability for the most recently ended month for which a Borrowing Base Certificate has been delivered pursuant to Section 5.01(g) or (b) if weekly Borrowing Base Certificates are required to be delivered under Section 5.01(g), the average Availability for the most recently ended four weeks for which Borrowing Base Certificates have been delivered.
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Average Monthly Availability means, for any calendar month of the Borrowers, an amount equal to the average daily Availability during such calendar month, as determined by the Lender’s system of records; provided that, in order to determine Availability on any day for purposes of this definition, each Borrower’s Borrowing Base for such day shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Lender pursuant to Section 5.01 and posted to the Lender’s system of records.
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Average Monthly Availability means, as of any date of determination, ----------------------------
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