Committed Availability definition

Committed Availability means, as the date of determination, an amount equal to the Revolving Line minus all outstanding Credit Extensions.
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Committed Availability means, as the date of determination, an amount equal to the Availability Amount.
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Committed Availability is, as of any date of determination, an amount equal to (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the Dollar Equivalent amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit plus an amount equal to the Letter of Credit Reserve), minus (c) the FX Reduction Amount, minus (d) any amounts used for Cash Management Services, and minus (e) the outstanding principal balance of any Advances.
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Examples of Committed Availability in a sentence

  • Borrower’s unrestricted cash and cash equivalents at Bank or Bank’s affiliates plus the Committed Availability of at least Fifteen Million Dollars ($15,000,000.00).

  • Borrowers’ unrestricted cash and Cash Equivalents plus the Committed Availability of at least $5,000,000.

  • Borrower’s unrestricted cash at Bank plus the Committed Availability of at least Seven Hundred Fifty Thousand Dollars ($750,000.00).

  • The ratio, calculated on a monthly basis, of (A) (i) unrestricted cash and Cash Equivalents plus (ii) the Committed Availability plus (iii) Investments in third-party Securities (as such term is defined in Article 8 of the Code) that are otherwise Permitted Investments to (B) the aggregate outstanding principal amount of Advances plus the aggregate outstanding principal amount of the Term Loan B of not less than 1.30 : 1.00.

  • At all times maintain unrestricted cash and unrestricted Cash Equivalents plus the Committed Availability of at least $300,000.

  • In the event that the RMM is not sufficient to settle the amount of each installment and as long as CPB is fulfilling the Minimum Committed Availability (the ‘DMC’), the mandatory payment of the installment will be limited to 50% of Debt Repayment cash flow (the ‘FRD’).

  • The Court recalls that in order to determine whether a situation of extreme gravity and urgency exists, in order to avoid irreparable damage, it is possible to assess the set of political, historical, cultural factors or circumstances, or those of any other nature, which affect the beneficiary or place him or her in a situation of vulnerability at a particular time and expose him or her to violations of his or her rights.

  • As of July 1, 2007 and as of each day thereafter, unrestricted cash at Bank plus Committed Availability of at least Fifteen Million Dollars ($15,000,000.00) at all times.

  • For example, the Availability5 of a Fire Alarm system Afa is defined as: Afa = X – Y x 100%X Where X = Committed Availability (hours)Y = outage (hours) Obviously, 100% availability, though desirable, is not practically achievable due to scheduled maintenance, equipment failures and human error.

  • Borrower’s consolidated unrestricted cash and Cash Equivalents plus Committed Availability of at least Five Hundred Thousand Dollars ($500,000).


More Definitions of Committed Availability

Committed Availability means, as the date of determination, an amount equal to (a) the lesser of (i) the Revolving Line and (ii) the Borrowing Base, minus (b) all outstanding Credit Extensions.”
Sample 1
Committed Availability means, as the date of determination, an amount equal to the sum of the Availability Amount minus all outstanding Credit Extensions.
Sample 1
Committed Availability means, as the date of determination, an amount equal to the sum of the Revolving Line minus all outstanding Advances under the Revolving Line.
Sample 1
Committed Availability means, as the date of determination, an amount equal to the Borrowing Base MINUS all outstanding Credit Extensions.
Sample 1

Related to Committed Availability

  • Revolving Availability means, at the time of determination, (a) the sum of all Revolving Commitments at such time less (b) the sum of (i) the principal amount of Revolving Loans and Swing Loans made and outstanding at such time and (ii) the LC Outstandings at such time.

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Maximum Availability has the meaning set forth in Section 2.1.1.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount or (ii) the Maximum Revolving Advance Amount, minus (b) the sum of (i) the outstanding amount of Advances plus (ii) all amounts due and owing to Borrower's trade creditors which are outstanding beyond normal trade terms, plus (iii) fees and expenses for which Borrower is liable but which have not been paid or charged to Borrower's Account.

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Canadian Availability means, as of any date of determination, the amount (if any) by which (a) Canadian Available Credit, exceeds (b) the sum of the aggregate Dollar Equivalent of (i) Revolver Credit Advances made to the Canadian Borrowers plus (ii) the Canadian Borrowers’ Letter of Credit Obligations (other than the Canadian Borrowers’ Letter of Credit Obligations cash collateralized in accordance with the terms of the Loan Documents).

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Availability Block means $15,000,000.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Committed Revolving Line means a credit extension of up to Two Million Dollars ($2,000,000).

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • LOC Committed Amount shall have the meaning set forth in Section 2.3(a).

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • System Availability means, with respect to any particular calendar month, the ratio obtained by subtracting Unscheduled Downtime during such month from the Total Monthly Time, and thereafter dividing the difference so obtained by the Total Monthly Time. Represented algebraically, System Availability for any particular calendar month is determined as follows:

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Average Availability means, at any Adjustment Date, the average daily Availability for the fiscal quarter immediately preceding such Adjustment Date.

  • Aggregate Revolving Committed Amount means the aggregate amount of Revolving Commitments in effect from time to time, being initially ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).