Minimum Availability Threshold definition

Minimum Availability Threshold means $3,500,000.
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Minimum Availability Threshold at a particular date shall mean that
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Examples of Minimum Availability Threshold in a sentence

  • 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.

  • The agreement of Agent to remit insurance proceeds in the manner above provided shall be subject in each instance to satisfaction of each of the following conditions: (x) No Event of Default or Default shall then have occurred and the Borrowers meet the Minimum Availability Threshold, and (y) Borrowers shall use such insurance proceeds to repair, replace or restore the insurable property which was the subject of the insurable loss and for no other purpose.

  • Furthermore, the work explains that that although a youth confraternity, the brotherhood was nonetheless important to society, especially in terms of artwork.

  • Borrowers shall have the ability to direct the use of such funds as permitted under this Agreement; provided however, in the event that Borrowers fail to meet the Minimum Availability Threshold or a Default or Event of Default has occurred and is continuing, all funds deposited in such Blocked Account shall immediately become the property of Agent, to be applied to the Obligations.

  • In the event that the Agent's dominion of the Receivables has been established under this Section 4.15(h) based solely upon Borrowers' failure to meet the Minimum Availability Threshold and the Borrowers thereafter meet the Restoration Threshold, the Agent shall terminate such dominion upon Borrowers' written request to Agent which includes satisfactory evidence of Borrowers' compliance with the Restoration Threshold.

  • Calculation method of the automatic support •Territory of distribution•Amount per eligible admission•Films originating fromFR and UK•Films originating from DE, ES and IT•Films originating from small countries•Germany, Spain, France, Italy•0,40 Euro Minimum Availability Threshold (Generation) Reinvestment of the potential fund generated Distributors can present reinvestment projects from 30 April 2006.

  • In the event of any loss thereunder at such time as there is a Default or an Event of Default or the Borrowers do not meet the Minimum Availability Threshold (or such loss would result in a Default, Event of Default or the Borrowers' failure to meet the Minimum Availability Threshold), the carriers named therein hereby are directed by Agent and the applicable Borrower to make payment for such loss to Agent and not 41 to such Borrower and Agent jointly.

  • On modernization projects the official substantial completion will not occur until all of the work is complete in all of the units The Substantial Completion Inspection: During this inspection, the Designer, engineers, project representative, and LHA contract officer must check every aspect of the project thoroughly.

  • There was a separate ―maintenance of effort‖ requirement for Texas.Figure 1School Funding Remains Below 2008 LevelsIn Most StatesSources: CBPP budget analysis and National Center for Education Statistics enrollment estimates.

  • Hourly Load Shape with Four-Hour Minimum Availability Threshold In recent transmission planning studies regarding the Moorpark and Santa Clara local capacity sub-areas in central California, the CAISO developed and performed detailed hourly load and resource analyses to assess binding availability limits in these local capacity sub-areas.

Related to Minimum Availability Threshold

  • Maximum Availability has the meaning set forth in Section 2.1.1.

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount or (ii) the Maximum Revolving Advance Amount, minus (b) the sum of (i) the outstanding amount of Advances plus (ii) all amounts due and owing to Borrower's trade creditors which are outstanding beyond normal trade terms, plus (iii) fees and expenses for which Borrower is liable but which have not been paid or charged to Borrower's Account.

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Maximum Available Amount means, at any time, the least of:

  • Average Availability means, at any Adjustment Date, the average daily Availability for the fiscal quarter immediately preceding such Adjustment Date.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Availability Block means $15,000,000.

  • Revolving Availability means, at the time of determination, (a) the sum of all Revolving Commitments at such time less (b) the sum of (i) the principal amount of Revolving Loans and Swing Loans made and outstanding at such time and (ii) the LC Outstandings at such time.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Total Available Amount With respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date and the amount of all cash or other immediately available funds on deposit in the Reserve Account immediately prior to such Distribution Date.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • System Availability means, with respect to any particular calendar month, the ratio obtained by subtracting Unscheduled Downtime during such month from the Total Monthly Time, and thereafter dividing the difference so obtained by the Total Monthly Time. Represented algebraically, System Availability for any particular calendar month is determined as follows: