“Availability Percentage” shall mean, as of any date of determination, the percentage of # Hypothetical Availability for the immediately preceding calendar month to # Credit Facility Exposure for the immediately preceding calendar month.
Limitation on Bulk Purchases. Without Agent’s prior approval, Borrowers shall not make any Bulk Purchase, # during any period of time when Hypothetical Availability is less than or equal 15% of the Credit Facility Exposure or # that, on a pro forma basis, after giving effect to the contemplated Bulk Purchase, would result in Hypothetical Availability being less than or equal to 15% of the Credit Facility Exposure. Without limiting the foregoing, Contracts purchased as a result of a Bulk Purchase in compliance with this Section: # with an aggregate purchase price that is less than $25,000,000, are to be considered immediately eligible in the calculation of Availability, # with an aggregate purchase price that is equal to or greater than $25,000,000 but equal to or less than $50,000,000, are to be considered eligible in the calculation of Availability only after Agent provides written consent that such Contracts be considered eligible in the calculation of Availability, and # with an aggregate purchase price that is greater than $50,000,000, are to be considered eligible in the calculation of Availability only after Agent provides written confirmation that Required Lenders have consented to such Contracts being considered eligible in the calculation of Availability, in each case provided such Contracts otherwise satisfy the other requirements necessary to be included in the calculation of Availability.
the Real Property Availability, plus
the Intellectual Property Availability, minus
- Technical availability VT or VTS >
“Monthly Average Excess Availability” shall mean, at any time, the average of the aggregate amount of the Excess Availability during the immediately preceding calendar month as calculated by Administrative Agent in good faith.
“Average Undrawn Availability” shall mean, as of any date of determination, the quotient obtained by dividing # the aggregate sum of Undrawn Availability for each of the previous sixty (60) days by # sixty (60).
Availability Share means, with respect to each Borrower, at any time, the percentage which such Borrowers Maximum Availability bears to the aggregate Maximum Availabilities of all Borrowers, all determined as of such time.
the Tranche A Equipment Availability; plus
the amount of all Availability Reserves.
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