Maximum Availability has the meaning set forth in Section 2.1.1.
Maximum Availability means, as of any date of determination, the difference of (i) the Facility Amount minus (ii) the balance of all unfunded Advances approved but not yet funded minus (iii) the Aggregate Unfunded Amount plus (iv) all amounts on deposit in the Unfunded Exposure Account, each as of such date of determination.
Examples of Maximum Availability in a sentence
However, for semi-scheduled generating units, the availability information is calculated as the lower of the bid energy Maximum Availability (Max Avail) and the unconstrained intermittent generation forecast (UIGF) provided either by AEMO’s AWEFS/ASEFS or by the participant.
More Definitions of Maximum Availability
Maximum Availability. On any date of determination an amount equal to the least of:
Maximum Availability means, at any time, the lesser of the (a) the Maximum Facility Amount at such time and (b) the Borrowing Base at such time.
Maximum Availability means the lesser of (i) the Maximum Facility Amount, and (ii) the Maximum Draw Amount.
Maximum Availability means the Maximum Permitted Balance less the Aggregate Outstandings.
Maximum Availability means the lesser of (i) the result of (A) the Maximum Facility Amount, minus (B) an amount equal to the sum of, for each Revolving Loan Asset that is an Eligible Loan Asset, (x) the aggregate Unfunded Revolving Commitments for such Revolving Loan Asset, multiplied by (y) 100% minus the percentage that would be applied to such Revolving Loan Asset under clause (4) of the definition of “Minimum Credit Enhancement”, and (ii) the Maximum Draw Amount.
Maximum Availability means the total number of minutes in the calendar month, e.g. 43,200 minutes in the month of September.