Capped Excess Availability definition

Capped Excess Availability means, at any time, “Capped Excess Availability” as defined in the First Lien Credit Agreement (or analogous term in any successor agreement).
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Capped Excess Availability means, at any time, an amount equal to the lesser of (i)(A) the Line Cap, minus (B) the Total Extensions of Credit and (ii) (A) the Borrowing Base, minus (B) the Total Extensions of Credit, minus (C) the outstanding principal amount of Pari Passu Notes.
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Capped Excess Availability has the meaning assigned to such term in the Amended Credit Agreement as in effect on the Amendment No. 1 Effective Date.
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Examples of Capped Excess Availability in a sentence

  • After giving effect to this Amendment and the transactions contemplated hereunder, Capped Excess Availability shall not be less than $150,000,000.

  • Permit Capped Excess Availability at any time to be less than the greater of (x) 10% of the difference between (i) the Line Cap minus (ii) the sum of (a) the outstanding principal amount of the Term Loan and (b) the outstanding principal amount of the 2016 Term Loan, and (y) $150,000,000.

  • After giving effect to this Amendment, Capped Excess Availability shall not be less than $150,000,000.

  • After giving effect to this Amendment and the transactions contemplated hereunder, including the making of the Term Loan and the repayment of any Advances in connection therewith, Capped Excess Availability shall be not less than the greater of (x) 10% of the Line Cap or (y) $175,000,000.


More Definitions of Capped Excess Availability

Capped Excess Availability means, at any time, “Capped Excess Availability” as defined in the ABL Credit Agreement (or analogous term in any successor agreement).
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Capped Excess Availability means, at any time, an amount equal to the (A) the Line Cap, minus (B) the Total Extensions of Credit (other than FILO Extensions of Credit).
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