Required Availability definition

Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.
Required Availability means that the sum of (a) Excess Availability, plus (b) Qualified Cash exceeds $25,000,000.
Required Availability means that the sum of (a) Excess Availability, plus (b) Qualified Cash exceeds $75,000,000.

Examples of Required Availability in a sentence

  • DTC may amend the format for Calculation of Pre-Estimated Damage for Failure to Maintain Required Availability of Buses and Breakdown at any time.

  • Power’s other remedies under this Contract, should the Services Schedule provide that liquidated damages are payable if the Availability is less than the Required Availability Level, then such liquidated damages are payable in accordance with the terms of that Services Schedule unless the Unavailability is a direct result of periods of Scheduled Maintenance or actions taken by Western Power or AEMO.

  • In both cases this accusation led to the party in question refusing or making difficult any aid efforts inside the territory which they controlled.

  • Borrower will have no obligation to make, and the Lender will not accept or receive or take any action to collect, any payment of any portion of the principal amount of the obligations under this Note unless at the time such amount is paid to the Lender, and after giving effect thereto, the Borrower shall have satisfied the Required Availability Test.

  • On the Closing Date, the Required Availability shall be at least $1,000,000 and the Borrower must have a minimum pro forma revolver availability of .25x its consolidated EBITDA.


More Definitions of Required Availability

Required Availability means that the sum of (a) Excess Availability, plus (b) Qualified Cash exceeds $10,000,000.
Required Availability means that Excess Availability exceeds $15,000,000.
Required Availability means that the sum of (a) Excess Availability, plus (b) Qualified Cash exceeds $50,000,000.
Required Availability means that the sum of (a) Excess Availability (without giving effect to clause (y) of the definition thereof), plus (b) Qualified Cash, exceeds $7,500,000.
Required Availability means Excess Availability in an amount of not less than $5,000,000.
Required Availability means that the sum of (a) Availability plus (b) Qualified Cash exceeds $4,500,000.
Required Availability means that the Excess Availability exceeds $50,000,000.