Example Definitions of "Availability"
Availability. Means the difference of (i) the Borrowing Base and (ii) the sum of (A) the outstanding principal balance of the Revolving Note (B) the L/C Amount and (C) the outstanding principal balance of the Overadvance Note.
Availability. A calculation on a Daily Availability Report which reflects the total amount of Client's Reserve Account which is available for disbursement to Client at a given point in time; equal to the Face Amount of all Purchased Accounts, plus funds available against Client's Inventory (if any), less the Required Reserve Amount, as more fully illustrated in Exhibit "A".
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