Minimum Availability Amount definition

Minimum Availability Amount means, at any time, the greater of (x) $35,000,000 and (y) 10% of the Total Commitment at such time.

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Minimum Availability Amount means that amount of Excess Availability (as defined in the ABL Credit Agreement) required to be maintained by the ABL Credit Parties pursuant to Section 7.15(a) of the ABL Loan Agreement, as in effect on the date hereof.

Minimum Availability Amount means, (x) for purposes of Section 5.03 hereof and 9.17 hereof, at any time, the greater of (i) $125,000,000 and (ii) twelve and a half percent (12.5%) of the then Total Revolving Loan Commitment and (y) for all other purposes hereunder, at any time, the greater of (i) $100,000,000 and (ii) ten percent (10%) of the then Total Revolving Loan Commitment.

Examples of Minimum Availability Amount in a sentence

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.
If after giving effect to the Credit Event the Borrowing Availability would be less than the Minimum Availability Amount, the Fixed Charge Coverage Ratio for the most recently ended four-Fiscal Quarter period prior to the date of such Credit Event for which financial statements have been delivered is no less than 1.00:1.00.
The Credit Parties shall not permit Borrowing Availability (without duplication, after giving effect to the Term Loan Reserve, the Minimum Availability Amount and all other Reserves then in effect) to be less than zero.
At any time (i) prior to the Administrative Agent’s receipt of a written notice from the Borrower Representative stating that the Borrowers are electing a Fixed Charge Covenant Triggering Event in accordance with the definition thereof or (ii) that a Fixed Charge Covenant Triggering Event does not exist, the Borrowers shall not have Availability of less than the Specified Minimum Availability Amount for any period of five (5) consecutive Business Days.
On any day that Borrowing Availability is less than the Minimum Availability Amount, Borrowers and their Subsidiaries shall have on a consolidated basis at the end of each Fiscal Quarter, a Fixed Charge Coverage Ratio for the 12-month period then ended of not less than 1.25:1.00.

More Definitions of Minimum Availability Amount

Minimum Availability Amount means, as of any date of determination, an amount equal to the greater of (a) $17,500,000 and (b) 12.5% of the Borrowing Base (but not to exceed 12.5% of the Maximum Amount) as of that date.

Minimum Availability Amount means, at any time, the greater of (i) $90,000,000 and (ii) ten percent (10%) of the lesser of (A) the Total Revolving Loan Commitment at such time and (B) the Aggregate Borrowing Base at such time.

Minimum Availability Amount means an amount equal to the greater of (a) $200,000,000 and (b) if the Aggregate Exposure is a positive number as of the most recent Test Date, 200% of such Aggregate Exposure.

Minimum Availability Amount means, (x) for purposes of Section 5.03 hereof and 9.17 hereof, at any time, the greater of (i) $110,000,000 and (ii) twelve and a half percent (12.5%) of the then Total Revolving Loan Commitment and (y) for all other purposes hereunder, at any time, the greater of

Minimum Availability Amount means, as of any date of determination, an amount equal to the greater of (a) $10,000,000 and (b) 12.5% of the Borrowing Base (but not to exceed 12.5% of the Maximum Amount) as of that date.

Minimum Availability Amount means (a) at any time prior to January 1, 2008, the greater of (i) $40,000,000, and (ii) an amount equal to 10% of the Working Capital Borrowing Base at such time, and (b) at any time on and after January 1, 2008, the greater of (i) $50,000,000 and (ii) an amount equal to 10% of the Working Capital Borrowing Base at such time; provided, however, that for so long as Consolidated Adjusted EBITDA for the twelve month period ending on the last day of the most recently ended Fiscal Month equals or exceeds $25,000,000, the Minimum Availability Amount shall be equal to the greater of (i) $40,000,000, and (ii) an amount equal to 10% of the Working Capital Borrowing Base at such time.

Minimum Availability Amount means, at any time, the aggregate principal amount of the Tranche B Term Loan (as defined in the Term Loan Agreement) outstanding at such time.