Suppressed Excess Availability definition
Suppressed Excess Availability means, on any date of determination, the sum of (a) Excess Availability plus (b) the lesser of (i) the Borrowing Base minus the Revolving Credit Amount (but not less than zero) and (ii) 5.0% of the Revolving Credit Amount.
Suppressed Excess Availability means, as of any date of determination, the amount equal to the sum of Availability plus Suppressed Availability; and
Examples of Suppressed Excess Availability in a sentence
Furthermore, the Borrower shall report Suppressed Excess Availability, in addition to Excess Availability, in each Compliance Certificate covering any period ending during the Suppressed EA Period.
After repayment, no 2014 Growth Capital Advance may be re-borrowed.