Combined Availability definition

Combined Availability means, at any time (a) the lesser of (i) the Maximum Revolver Amount and (ii) the Combined Borrowing Base, minus (b) in each case, the Aggregate Revolver Outstandings.

Combined Availability of the Borrowers means, at any time:

Combined Availability means, at any time, the sum of (a) Aggregate Availability and (b) Securitization Availability.

Examples of Combined Availability in a sentence

• It is unclear from the disclosure whether such disclosure is suggesting that these 18 additional drilling locations will further increase revenue without a significant increase in costs and expenses.

• At any time that Combined Availability (without giving effect to clause (a)(i) of the definition thereof) is less than ten percent of the Maximum Revolver Amount, the Loan Parties shall not permit the Consolidated Fixed Charge Ratio of the Borrower and its Subsidiaries, to be less than 1.25:1.00.

• To the extent that the Agent has dominion and control of any Payment Accounts under the DIP Loan Agreement on the Closing Date, the Agent shall release such control and dominion as long as Combined Availability Threshold Event or an Event of Default does not exist as of the Closing Date.

• The Agent shall determine, as of the Business Day immediately preceding the requested effective date of issuance of the Letter of Credit set forth in the notice from the Borrower pursuant to Section 2.3(d)(i), (i) the amount of the applicable Unused Letter of Credit Subfacility and (ii) the Combined Availability as of such date.

• Until the occurrence of a Combined Availability Threshold Event or an Event of Default, the Loan Parties shall have sole dominion and control of the transfer of funds from the Payment Account and such lock-box.

More Definitions of Combined Availability

Combined Availability means, at any time, an amount equal to (i) Availability plus (ii) Inventory Facility Availability, in each case at such time.

Combined Availability means, at any time, the sum of (a) U.S. Availability at such time plus (b) Canadian Availability at such time.

Combined Availability at any time, shall mean, as determined by the Administrative Agents in their reasonable credit judgment, the sum of (a) Canadian Testing Availability at such time plus (b) U.S. Testing Availability at such time.

Combined Availability means, at any time, the sum of (a) U.S. Availability at such time plus (b) Canadian Availability at such time. “Combined Line Cap” shall mean, at any time, the sum of (a) the U.S. Line Cap at such time and (b) from and after the Canadian Effective Date, the

Combined Availability means (a) the sum of the Line Cap plus Canadian Incremental Availability plus Domestic Incremental Availability minus (b) Total Outstandings.

Combined Availability means, at any time, an amount equal to (a) the sum of Maximum Revolving Availability plus the amount described in Section 2.01(b)(iii)(A), in each case at such time, minus (b) the outstanding Credit Extensions (other than the Supplemental Term Loan).

Combined Availability on any day means the sum of (i) Reference Availability on such day and (ii) (A) the Borrowing Base on such day minus (B) the Outstanding Principal Amount on such day (for purposes of this definition, each of the preceding capitalized terms in this clause (ii) shall have the meaning ascribed to it in, and shall be determined in accordance with, the Effective Date Receivables Facility Documents; provided that if a Replacement Receivables Facility is then effective, each such capitalized term shall have the meaning ascribed to the comparable term in, and shall be determined in accordance with, the documents governing such Replacement Receivables Facility).