Reference Availability definition

Reference Availability on any day is an amount equal to the lesser of (i) Average Availability as determined on such day and (ii) end of day Facility Availability calculated for the last day of the then most recently ended fiscal quarter.
View Source
Reference Availability means, for any period, the lesser of (i) the daily average Borrowing Availability for the immediately preceding 90-day period and (ii) the daily average Borrowing Availability for the immediately preceding 30-day period.
View Source
Reference Availability means, for any Fiscal Quarter, the daily average Borrowing Availability during such Fiscal Quarter.
View Source

Examples of Reference Availability in a sentence

  • On each day, the Company will not permit the Fixed Charge Coverage Ratio, calculated as of the last day of the then most recently ended Fiscal Quarter, to be less than 1.20 to 1.00; provided that on any day when Reference Availability is equal to or greater than $150,000,000, the Company shall be deemed to be in compliance with this Section 5.19.


More Definitions of Reference Availability

Reference Availability means, on any day, an amount equal to the lesser of (a) Average Availability as of such date and (b) the end of day Availability on the immediately preceding Business Day (or, for the purposes of any determination made under the definition of “Permitted Acquisition” or Section 6.04(m) or Section 6.08(b)(vi) or Section 6.08(b)(ix), an amount equal to the lesser of (x) Average Availability and (y) Availability, in each case as determined on a pro forma basis immediately after giving effect to any Loans incurred in connection with the applicable acquisition, investment or purchase, as the case may be).
View Source
Reference Availability on any day is an amount equal to the lesser of (i) Average Availability as determined on such day and (ii) end of day Aggregate Facility Availability calculated for the last day of the then most recently ended fiscal quarter. U. S. Steel Seamless Tubular Operations, LLC Texas U. S. Steel Oilwell Services, LLC Delaware USS-UPI, LLC Delaware United States Steel International, Inc. New Jersey 6▇▇▇▇▇▇▇ $ 900,000.00 Bank of America, N.A. 68173250 $ 532,455.00 Bank of America, N.A. 68173417 $ 2,425,000.00 Bank of America, N.A. 3027465 $ 400,000.00 Bank of America, N.A.
View Source

Related to Reference Availability

  • Average Availability means, with respect to any period, the sum of the aggregate amount of 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.

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

  • 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.

  • Service Availability The total number of minutes in a calendar quarter that the Tyler Software is capable of receiving, processing, and responding to requests, excluding maintenance windows, Client Error Incidents and Force Majeure.

  • 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: