Minimum Availability definition

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

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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 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.
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.
During any Minimum Availability Period, the Borrower will not permit the Consolidated Fixed Charge Coverage Ratio for the most recently ended Test Period prior to the commencement of such Minimum Availability Period or for any Test Period ending during such Minimum Availability Period to be less than 1.0 to 1.0.
As of the last day of the Fiscal Quarter ending June 30, 2010 and any Fiscal Quarter thereafter, for which, in any case, average daily Aggregate Availability for the thirty (30) day period ending on such date is less than the Applicable Minimum Availability Threshold, the Credit Parties shall not permit the Fixed Charge Coverage Ratio for the twelve fiscal month period ending on such date to be less 1.10 to 1.00.
For the avoidance of doubt, this Section 7.04 shall not be a condition to any Credit Event if after giving effect to such Credit Event Borrowing Availability is at least equal to the Minimum Availability Amount.

More Definitions of Minimum Availability

Minimum Availability means, as of any date of determination by Bank, Revolving Credit Availability minus the Revolving Credit Outstandings, and assuming for purposes of calculation, that all accounts payable which remain unpaid more than ninety (90) days after the due dates thereof as of the close of business on such date are treated as additional Revolving Loans outstanding on such date.

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, $1,000,000.

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 the amount by which the Maximum Revolving Loan Amount exceeds the outstanding balance of the Revolving Loan.