Minimum Excess Availability definition

Minimum Excess Availability means the amount equal to the Credit Limit less the principal amount of outstanding Loans.

Minimum Excess Availability means, for any period, the lowest amount of Excess Availability at the opening of business on any Business Day in such period; provided, that for purposes of determining Minimum Excess Availability, the Initial Reserve shall be disregarded.

Minimum Excess Availability the greater of (i) $25,000,000, or (ii) 15% of the lesser of (A) the RC Commitment and (B) the amount of the Borrowing Base.

Examples of Minimum Excess Availability in a sentence

• Borrowers shall not permit Excess Availability at any time to be less than the Minimum Excess Availability Amount, unless as of the last day of the most recent month for which the monthly financial statements of Borrowers and the related Compliance Certificate have been or are required to have been delivered to Agent pursuant to Section 7.15, the Fixed Charge Coverage Ratio for the twelve consecutive calendar month period then ended is greater than 1.05 to 1.00.

• Field Exams, Appraisals; Receipt of Borrowing Base Certificate; Projections; Minimum Excess Availability .

• Wuhan Zhanchi contributed revenue of approximately RMB1,457,000 and profit of RMB289,000 in the period between the date of acquisition and 30 June 2016.

• A breach of the Minimum Excess Availability Requirement can be cured in accordance with Section 17(g) below.

• If the lease involves more than one lessee, the required disclosures should be given to any lessee who is primarily liable.AdvertisingAdvertisements concerning consumer leases must also comply with certain disclosure requirements.

More Definitions of Minimum Excess Availability

Minimum Excess Availability means the amount by which (a) the lesser of (i) the Borrowing Base (as defined in the Priority Credit Agreement) and (ii) the Commitments (as defined in the Priority Credit Agreement) exceeds (b) the aggregate outstanding amount of all Loans (as defined in the Priority Credit Agreement).

Minimum Excess Availability means the difference between (a) the Borrowing Base, and (b) the Revolving Loan Outstandings.

Minimum Excess Availability means $0.

Minimum Excess Availability means the following: (a) $1,000,000 at all times during each of the Fiscal Periods most closely corresponding to the calendar months of July, August and September of calendar year 2003; and (b) $1,350,000 during all other Fiscal Periods.

Minimum Excess Availability means the amount equal to the following: (i) the advance rate under the Loan Agreement multiplied by the amount of the Borrower's Eligible Receivables under the Loan Agreement (not to exceed the Maximum Credit Limit) plus the advance rate under the Exim Loan Agreement multiplied by the amount of the Borrower's Eligible Receivables under the Exim Loan Agreement (not to exceed the Maximum Credit Limit) less (ii) the principal amount of outstanding Loans under the Loan Agreement and Exim Loan Agreement in the aggregate (including any amounts reserved against Loans that would otherwise be available to Borrower pursuant to the terms thereof exclusive of any amounts reserved against Loans with respect to Letters of Credit). This Agreement, the Loan Agreement, the Exim Loan Agreement and the other Loan Documents set forth in full all of the representations and agreements of the parties with respect to the subject matter hereof and supersede all prior discussions, oral representations, oral agreements and oral understandings between the parties with respect to the subject hereof. Except as herein expressly amended, all of the respective terms and provisions of the Loan Agreement, the Exim Loan Agreement and all other Loan Documents shall continue in full force and effect and the same are hereby ratified and confirmed. If the foregoing correctly sets forth our agreement, please sign the enclosed copy of this Agreement and return it to us. Sincerely yours, Silicon Valley Bank By /s/ XXXXX XXXXXXXX -------------------------------- Title RELATIONSHIP MGR Accepted and agreed: Borrower: Onyx Software Corporation By /s/ XXXXX X. XXXX ----------------------- TREASURER

Minimum Excess Availability means, at any time, (a) prior to the date which is the date of entry of the Final Order, $12,000,000, plus the amount of any Availability Reserve (as adjusted from time to time pursuant to the terms of the definition thereof and/or clause (e) of Section 2.7) and (b) on and after the date of entry of the Final Order, including the granting of the Priority Lien, the amount of any Availability Reserve (as adjusted from time to time pursuant to the terms of the definition thereof and/or clause (e) of Section 2.7).

Minimum Excess Availability means $2,000,000 or, following a Qualifying Issuance, $3,500,000.