Availability Percentage definition

Availability Percentage means (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 12.5%; (b) in respect of (A) any investment or acquisition permitted pursuant to clause (u) of the definition of “Permitted Investments” or (B) clause (c)(i) of the definition of “Permitted Acquisitions,” 10.0%; (c) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 12.5%; (d) in respect of any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b), 10.0%; and (e) in respect of any Asset Sale that would otherwise have to comply with Subsection 8.5, 10.0%; and (ii) “Fixed Charge Condition” shall mean 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) exceeds: (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 17.5%; (b) in respect of any acquisition permitted pursuant to clause (c)(i) of the definition of “Permitted Acquisitions”, 15.0%; (c) in respect of any investment permitted pursuant to clause (u) of the definition of “Permitted Investments”, 15.0%; (d) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 15.0%; and (e) in respect of (A) any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b) or (B) any Asset Sale that would otherwise have to comply with Subsection 8.5, 15.0%.

Availability Percentage means, with respect to each Borrower at any time, the percentage which such Borrower’s Sublimit bears to the aggregate amount of the Commitments, all determined as of such time.

Availability Percentage means, as of any date of determination, the percentage of (a) Hypothetical Availability for the immediately preceding calendar month to (b) Credit Facility Exposure for the immediately preceding calendar month.

Examples of Availability Percentage in a sentence

• Monthly Uptime Percentage Service Credit Percentage Less than 99.7% but equal to or greater than 99.0% 10% Less than 99.0% 30% In the event that the customer elects to terminate this agreement for failure to achieve the Availability Percentage for six (6) consecutive calendar months within the notice period given below, then no refunds shall be issued with respect to such affected months.

• Severity Levels Minimum Acceptable Service Levels Service Credit Monthly Availability Percentage Standard: Vendor shall maintain 99.99% Monthly Availability Percentage of the SaaS Solution.

• Monthly Query Availability Percentage is represented by the following formula: Service Levels and Service Credits: Monthly Uptime Percentage Service Credit < 99.9% 10% < 99% 25% Table of Contents / Definitions Azure NetApp Files Additional Definitions "Volume" is a logical storage resource in Azure NetApp Files that contains a file system and is used to store data.

• Subject to the terms of this Appendix , the Vendor shall, throughout the Term achieve a Monthly Availability Percentage of 99.95% or greater.

More Definitions of Availability Percentage

Availability Percentage as defined in the definition of “Payment Condition” in this Subsection 1.1.

Availability Percentage means the numerical percentage equivalent of the fraction, the numerator of which is the Revolving Outstandings and the denominator of which is the Adjusted Borrowing Base based upon, and determined as of the date of, the most recent Borrowing Base Certificate furnished by the Company to the Administrative Agent from time to time and as of the date of any request by Company for a Revolving Loan. Bank of America – see the Preamble.

Availability Percentage means (a) in respect of any dividend payment pursuant to Subsection 8.3(i), 17.5%; (b) in respect of any investment or acquisition permitted pursuant to clause (u) of the definition of “Permitted Investments” or clause (c) of the definition of “Permitted Acquisition,”

Availability Percentage means that percentage of time, measured monthly, calculated in accordance with the formula set out above.

Availability Percentage means the proportion of the time, on a 24 hour per day and 7 day per week basis, excluding Scheduled Maintenance and Emergency Maintenance, that the applicable service is available in a particular calendar month (unless otherwise stated).

Availability Percentage is calculated as: (a) the total number of minutes in a Contracted Month, minus

Availability Percentage means, for any fiscal quarter, an amount (expressed as a percentage) equal to (a) average daily Availability during such period divided by (b) the average daily amount of the Aggregate Revolving Commitments during such period.