Gross Availability definition

Gross Availability means, as of any date of determination, the sum of (a) the Borrowing Base plus (b) any Reserves deducted in computing the Borrowing Base.

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Gross Availability means, at any date of its determination, an amount equal to the maximum amount of Unsecured Indebtedness that would result in compliance with the covenants set forth in Sections 8.20(e) and (f) on a pro forma basis.

Gross Availability. The result of the following in the aggregate with respect to all Borrowers:

Examples of Gross Availability in a sentence

The average Gross Availability for each one month period shall not be less than the sum of (a) $5,000,000, plus (b) the Special Reserve, tested on the last day of each calendar month.
If the amount outstanding is equal to or greater than the Gross Availability, Availability is 0.
If there is no mutual agreement, the supervisor must provide a legitimate business reason why a temporary flexible work schedule cannot be implemented.
The Gross Availability Payment (GAP) is indexed annually on 1 January according to the indexation formula included in Section 1.2 (Indexing the Gross Availability Payment) of Schedule 2 (Payment Mechanism).
You may, at your option, implement Reserves by designating as ineligible a sufficient amount of accounts or inventory which would otherwise be Eligible Receivables or Eligible Inventory so as to reduce Gross Availability by the amount of the intended Reserve.

More Definitions of Gross Availability

Gross Availability means, as of any date of determination, (a) the sum of (i) the U.S. Borrowing Base as of such date, plus (ii) the Canadian Borrowing Base as of such date, minus (b) the Aggregate Credit Exposure as of such date.

Gross Availability is at any time (i) the product of the outstanding amount of Eligible Accounts, multiplied by the Eligible Accounts Percentage set forth in Section 10.1(b), plus: (ii) the product(s) obtained by multiplying the applicable Eligible Inventory Percentage(s), if any, set forth in Section 10.1(b) by the values (based on the lower of cost, market or appraised value) of Eligible Inventory, but the amount so added shall not exceed any sublimits set forth in Section 10.1(c).

Gross Availability to the extent applicable, shall be calculated at any time as (i) the product obtained by multiplying the outstanding amount of Eligible Accounts, net of all taxes, discounts, allowances and credits given or claimed, by the Eligible Accounts Percentage set forth in Section 10.1(b), plus: (ii) the product(s) obtained by multiplying the applicable Eligible Inventory Percentage(s), if any, set forth in Section 10.1(b) by the values (as determined by Lender based on the lower of cost or market) of Eligible Inventory, but the amount so added shall not exceed any sublimits set forth in Section 10.1(c),

Gross Availability is at any time (i) the product of the outstanding amount of Eligible Accounts multiplied by the Eligible Accounts Percentage set forth in Section 10.1(B) minus (ii) Reserves.

Gross Availability means, as of any date of determination, an amount equal to the Borrowing Base without giving effect to the subtraction of any Reserves.

Gross Availability shall be calculated at any time as the product obtained by multiplying the outstanding amount of Eligible Accounts, net of all taxes, discounts, allowances and credits given or claimed, by the Eligible Accounts Percentage set forth in Section 10.1(b) (subject to the sublimits on availability relating to certain Eligible Accounts, as more fully set forth in Section lO.l(d)), plus: the product(s) obtained by multiplying the applicable Eligible Inventory Percentage(s), if any, set forth in Section 10.1(b) by the values (as determined by Lender based on the lower of cost or market) of Eligible Inventory, but the amount so added shall not exceed any sub-limits set forth in Section lO.l(c), minus: any Reserves.

Gross Availability shall be calculated at any time as (i) the product obtained by multiplying the outstanding amount of Eligible Accounts by the Eligible Accounts Percentage set forth in Section 10.1(b), ("Accounts Availability"), minus (ii) Reserves, if any.