Minimum Availability definition

Minimum Availability has the meaning specified in Section 7.18(c).

Minimum Availability means, as of any date of determination, the sum of (without duplication) (a) the aggregate principal amount of WC Loans that the Borrowers have available to borrow hereunder as of such date, plus (b) the aggregate principal amount of Revolver Loans that the Borrowers have available to borrow for general corporate purposes hereunder as of such date, plus (c) the aggregate amount of Eligible Cash and Cash Equivalents of the Loan Parties as of such date.

Minimum Availability means, as of any date of determination, the sum of (without duplication) (a) the aggregate principal amount of WC Loans that the Borrowers have available to borrow hereunder as of such date, plus (b) the aggregate principal amount of Revolver Loans that the Borrowers have available to borrow for general corporate purposes hereunder as of such date, plus (c) the aggregate principal amount of WC Interim Loans that the Borrowers have available to borrow hereunder as of such date, plus (d) the aggregate amount of Eligible Cash and Cash Equivalents of the Loan Parties as of such date.

Examples of Minimum Availability in a sentence

• The requirements set forth below specify the Minimum Availability, Minimum Performance and Operation to Address the Reliability Need Standards that each RMR Generator is expected to achieve in order to continue to be entitled to compensation under this Agreement, including recovery of the cost of Capital Expenditures and Additional Costs.

• Where the Actual Availability of the licensee’s Interconnector is below the Minimum Availability Target in any Relevant Year, the licensee shall provide a written statement to the Authority, from an authorised director of the licensee, within 3 months of the end of Relevant Year t, explaining how the steps that the licensee has taken have discharged the obligations under paragraph 3 of this condition including but not limited to the cause(s) of the Interconnector Outage(s) and the impacts on its users.

• The ISO developed the Minimum Availability Standard(s) set forth below for each RMR Generator based on (a) the RMR Generator’s historical performance, (b) any deferred maintenance, repair or capital expenditure costs that are included in RMR Avoidable Costs for an RMR Generator that can reasonably be expected to improve the RMR Generator’s availability, and (c) other factors that are specific to the particular RMR Generator for which the Minimum Availability Standard was developed.

• Subject to Part F (Adjustments to account for partial years) of this condition, the Minimum Availability Target is to achieve 7,012,800 MWh in any Relevant Year.

• Subject to paragraph 27(a) of this condition, the licensee shall not be eligible for anupwards adjustment of Interconnector Revenue through the CFAap term for any Relevant Year t in which the Actual Availability falls below the Minimum Availability Target.

More Definitions of Minimum Availability

Minimum Availability means on the Closing Date, at all times thereafter, $1,000,000.

Minimum Availability means the lesser of (a) the Line of Credit Amount less the Letter of Credit Obligations and less the outstanding principal amount of the Line of Credit Advances, or (b) the Borrowing Base less the Letter of Credit Obligations and less the outstanding principal amount of the Line of Credit Advances."

Minimum Availability means on the Closing Date, at all times thereafter, $750,000.

Minimum Availability is defined in Section 10.22.

Minimum Availability means, at any time of determination, that the total amount of the Unutilized Revolving Loan Commitments shall equal or exceed (i) $15,000,000 at any such time between January 1 and April 30 and between July 1 and November 30 of any year, and (ii) $40,000,000 at any such time between May 1 and June 30 and between December 1 and December 31 of each year, inclusive.

Minimum Availability means aggregate Availability equal to $1,000,000.

Minimum Availability. Reserve shall mean the amount of $3,000,000.”