Collateral Availability definition

Collateral Availability means, at any time, an amount equal to (i) the Borrowing Base at such time, less (ii) the Total Outstandings at such time.

Collateral Availability means the excess, if any, of the Borrowing Base in effect on the date of determination over the aggregate outstanding principal amount of Revolving Credit Loans.

Collateral Availability means, as of any date of determination thereof, the amount by which (a) the Borrowing Base at such time exceeds (b) the Total Exposure at such time.

Examples of Collateral Availability in a sentence

• A balance of cash, cash equivalents and short-term investments plus Excess Collateral Availability under the Revolving Facility, of not less than $7,500,000, which amount shall include at least $4,000,000 in cash, cash equivalents and short-term investments.

• Similarly, the Borrowers failed to comply with the minimum Excess Collateral Availability requirement as set forth in Section 7.11(d) of the Credit Agreement.

• Property insurers must plan for developments in building construction techniques and weather patterns.

• A balance of cash, cash equivalents and short-term investments plus Excess Collateral Availability under the Revolving Facility of not less than $25,000,000, which amount shall include at least $15,0000,000 in cash and cash equivalents held by Bank or its Affiliates.

• If this direct communication does not resolve the issue, the parent may contact the Department Chair of the department (for a teacher) or the Athletic Director (for a coach) to set up a meeting.

More Definitions of Collateral Availability

Collateral Availability means at any time the remainder of (i) the Borrowing Base minus (ii) the sum of (x) the unpaid principal balance of the Loans plus all accrued interest, fees and expenses plus (y) the LC Exposure plus (z) all Availability Reserves and Dilution Reserves.

Collateral Availability. Shall have the same meaning as Availability as defined in Section 2-1(b)(i) except that for the purposes of such calculation the definition of Borrowing Base shall be based upon subsection 2-1(b)(ii)(B) only (i.e. the Loan Ceiling shall be eliminated when making the calculation).

Collateral Availability means the sum of eligible receivables and eligible inventory, subject to caps, minus the outstanding loans, letters of credit issued and accrued interest, fees and expenses.

Collateral Availability means (a) the sum of the US Borrowing Base, the Canadian Borrowing Base, cash balances of Borrower in accounts maintained with an Agent and subject to perfected, first priority Liens in favor of an Agent, less (b) Aggregate Revolving Credit Exposures.

Collateral Availability. “Eligible Inventory”, “Excess Availability”, “Ineligible Inventory”, “SF Excess Availability”, “Total Collateral Availability” or “Total Excess Availability,” or amend, or waive a Default arising under, Section 7.01(o), in each case without the prior written consent of Lenders having aggregate Credit Exposures representing at least 66 2/3% of the sum of all Credit Exposures at such time; provided that any increase in the percentage set forth in clause (i) of the definition of “Available Inventory” to above 70% or any increase in the percentage set forth in clause (ii) of the definition of “Available Inventory” to above 85%, or any amendment of the definition of “Available Inventory” that would have the effect of so increasing either or both of such percentages, shall require the prior written consent of each Lender.

Collateral Availability means at any time an amount equal to (i) 85% of the Net Receivables Pool Balance less (ii) the Insurance Deductible Reserve less (iii) the Foreign Currency Adjustment less (iv) the Availability Block less (v) Availability Reserves, each determined as of the date of the most recent Weekly Report or Daily Report delivered pursuant to Section 6.02(g).

Collateral Availability means at any time the remainder of (a) the Borrowing Base minus (b) the sum of (i) the unpaid principal balance of the Loans and all accrued interest, fees and expenses plus (ii) the LC Exposure plus (iii) the Senior Note Reserve.