Average Excess Availability

Example Definitions of "Average Excess Availability"
Average Excess Availability. Means, as of any date of determination by Senior Lender, the average of Ingredient's Availability (as defined in the Credit Agreement) assuming, for purposes of calculation, that all accounts payable which remain unpaid more than sixty (60) days after the invoice date thereof as the close of business on such date are treated as additional Advances (as defined in the Credit Agreement) outstanding on such date.
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