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.
Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each day in such period (as calculated by Agent as of the end of each respective day) divided by the number of days in such period.
Average Excess Availability. Means, for the subject period, the aggregate of the amount of Availability on each day in the period, divided by the number of days in the subject period.
Examples of Average Excess Availability in a sentence
The Borrower shall deliver to the Agent, concurrently with the delivery of the financial statements referenced in subsections (b) and (c) above, an Applicable Margin Certificate setting forth a calculation of the Average Excess Availability for the Quarterly Reporting Period most recently ended and the corresponding Applicable Margins.
More Definitions of Average Excess Availability
Average Excess Availability means, on any date of determination, the amount of Excess Availability during a stipulated consecutive Business Day period, calendar day period or fiscal quarter period divided by the number of Business Days or calendar days, as the case may be, in such period.
Average Excess Availability means, with respect to any period of time, the average daily Excess Availability during such period of time.
Average Excess Availability means the average daily Excess Availability for the immediately preceding Fiscal Quarter.
Average Excess Availability means, as of the end of each calendar quarter, the daily average amount (calculated for such calendar quarter) of Excess Availability.
Average Excess Availability means, (i) at any Adjustment Date, the average daily Excess Availability for the fiscal quarter immediately preceding such Adjustment Date or (ii) on any date that is not an Adjustment Date, the Average Excess Availability on the immediately preceding Adjustment Date.
Average Excess Availability means, for any period, Excess Availability for each day of such period, divided by the number of days in such period.
Average Excess Availability means, at any Adjustment Date, the average daily Excess Availability for the calendar quarter immediately preceding such Adjustment Date.