Excess Availability Percentage definition

Excess Availability Percentage means the percentage obtained by dividing Excess Availability by the Loan Cap.

Excess Availability Percentage means, at any time, the ratio (expressed as a percentage) of (a) average daily Excess Availability during the most recently ended Fiscal Month to (b) an amount equal to the Aggregate Borrowing Base (as reflected in the Borrowing Base Certificate delivered pursuant to Section 4.1(b) and paragraph (a) of Annex F, at or most recently prior to such time); provided, that in the event that a Borrowing Base Certificate is not timely delivered as required by Section 4.1(b) and paragraph (a) of Annex F, then until the delivery of a Borrowing Base Certificate in a timely manner as so required, the Excess Availability Percentage shall be deemed to be greater than 75%.

Excess Availability Percentage means, as of any date, the ratio, expressed as a percentage, of (a) Excess Availability at such time to (b) the Maximum Borrowing Amount at such time.

Examples of Excess Availability Percentage in a sentence

• The LIBOR loans bear interest at LIBOR plus an applicable margin of (a) 2.25% if the Average Daily Excess Availability Percentage (as defined in the ABL Facility Credit Agreement) exceeds 25% or (b) 2.50% if the Average Daily Excess Availability Percentage is equal to 25% or less.

• The Prime Rate loans bear interest at a Prime Rate (equal to the higher of (a) the applicable prime lending rate, (b) 0.50% above the overnight federal funds rate, or (c) 1.00% above LIBOR, subject to a 0.25% floor), plus an applicable margin of (x) 1.25% if the Average Daily Excess Availability Percentage exceeds 25% or (y) 1.50 % if the Average Daily Excess Availability Percentage is 25% or less.

• Some skepticism is voiced against corporate codes in general according to Aguilera and Cuervo-Cazurra (2009) and the Codes' supposed benefit.

• The Union invited bids for auction of further spectrum bandwidth in 2015; the bids of RCL and the second appellant (hereafter “RTL”) were successful in respect of three kinds of spectrum in several regions/circles; licenses were issued to them.

• The Prepetition ABL Facility provides for LIBOR Loans and Prime Rate Loans.LIBOR Loans bear interest at LIBOR plus an applicable margin of 2.25% if the Average Daily Excess Availability Percentage exceeds 25% and 2.50% if the Average Daily Excess Availability Percentage is 25% or less.

More Definitions of Excess Availability Percentage

Excess Availability Percentage the percentage obtained by dividing the Available Commitment by the lesser of (a) the Total Commitments and (b) the Borrowing Base.

Excess Availability Percentage means, as of any date of determination thereof by the Administrative Agent, a fraction, the numerator of which is an amount equal to (i) the Borrowing Base, less (ii) the outstanding principal amount of all Advances, and less (iii) the aggregate amount of all Letter of Credit Obligations then outstanding, and the denominator of which is an amount equal to the Borrowing Base.

Excess Availability Percentage means the percentage obtained by dividing Excess Availability by the amount of clause (a).

Excess Availability Percentage means, as of any date of determination thereof by the Administrative Agent, a fraction, the numerator of

Excess Availability Percentage means 10%.

Excess Availability Percentage means (a) 20% for each calendar month end other than December 31 and (b) 15% for the calendar month ending December 31.

Excess Availability Percentage means 15%.