Remaining Availability definition

Remaining Availability means, at any time a determination thereof is to be made, that amount which results by subtracting from the Maximum Availability the sum of (i) the principal balance of the Revolving Loans outstanding at such time, and (ii) the aggregate Letter of Credit Exposure at such time.
Sample 1Sample 2
Remaining Availability means, at any time a determination thereof is to be made, that amount which results by subtracting from the Maximum Availability the principal balance of the Revolving Loan outstanding at such time.
Sample 1
Remaining Availability. The lesser of (i) $175,000,000 (which as of January 1, 2010 shall be reduced to $125,000,000) or (ii) Item (D), less Item (E)(3) less Item (F) $ CERTIFICATIONS:
Sample 1

Examples of Remaining Availability in a sentence

  • The remaining 50% shall vest upon the borrowing of any portion of the Remaining Availability at a price determined by 1) if any part of the Remaining Availability is borrowed prior to the closing of an additional round of venture capital or corporate partner equity financing of at least $3,000,000 ("Round C"), $2.51 per share, 2) if none of the Remaining Availability is borrowed prior to the closing of Round C, the per share price of preferred stock issued in Round C.

  • A very low density will not make evacuees move faster than the “no-friction” speed, while more people are at crowded nodes and have their moving slowed down, so the approach of using average evacuee density still overestimates people’s evacuation efficiency.

  • If such default is not cured within seven (7) days of the occurrence of this default, Borrower and Guarantor shall be permitted to obtain alternative financing up to the then amount of Remaining Availability under this Loan Agreement and the Loan Documents and incur additional indebtedness for such then amount of Remaining Availability over and beyond the limitations on Permitted Indebtedness imposed by Section 13a) at Borrower’s and/or Guarantor’s discretion without need for approval from ASPEN.

  • The question for the Court is whether a rational medical disa- greement exists.

  • Borrowing Capacity and Availability After outstanding borrowings, the following was available to the Company as of December 31, 2018 (in millions): Remaining Availability Under Borrowing Base Capacity LimitationABL Credit Facility$640.2$640.2AR Facility — —Total$640.2$640.2 At December 31, 2018, the Company's borrowing base was capped at $175.0 million by the aggregate commitments under the AR Facility.

  • Consequently, a three- dimensional framework system is built up connecting vertically three levels of grammar- meaning-pragmatics and horizontally morphemes-words-sentences-discourse units involving all various elements of language as well as all aspects of society, culture and cognition.

  • In 04/2018, a minimum Remaining Availability Margin to commercial exchange capabilities (so called minRAM) of 20 % was introduced for all CWE borders.

  • A pilot on reserve who is assigned a trip pairing if removed from the assignment or upon completion of his assignment will either be given another assignment commencing within the reserve period or remain on call in accordance with the following table.Time Remaining of Original Callout Period0 to 59 minutesHours of Remaining Availability 01 to 2:5913 to 4:5925 to 6:5937 to 9:59410 +5 3.

  • Debt Following is a summary of our outstanding balances and availability on credit facilities and long-term debt, exclusive of capital lease obligations (in thousands): Outstanding as of August 31, 2019 Remaining Availability Bank secured revolving credit facilities(1) $ 96,835 $ 604,365Other debt obligations $ 487 N/A (1) Remaining availability is net of $10 million of outstanding stand-by letters of credit as of August 31, 2019.

  • Aspen further represents and warrants that it will at all times maintain the dollar amount of such Remaining Availability in a segregated account, which shall be available to the Company upon three business days written notice to Aspen.

Related to Remaining Availability

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

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

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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:

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

  • 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.

  • Availability Block means $15,000,000.

  • 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.

  • 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.

  • Maximum Credit means the amount of $25,000,000.

  • Canadian Availability means, as of any date of determination, the amount (if any) by which (a) Canadian Available Credit, exceeds (b) the sum of the aggregate Dollar Equivalent of (i) Revolver Credit Advances made to the Canadian Borrowers plus (ii) the Canadian Borrowers’ Letter of Credit Obligations (other than the Canadian Borrowers’ Letter of Credit Obligations cash collateralized in accordance with the terms of the Loan Documents).

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

  • Maximum Available Minutes is the sum of all Deployment Minutes across all Relays deployed by Customer in a given Azure subscription during a billing month.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • Available Commitment means a Lender’s Commitment minus:

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.