Cash Management Excess Availability

Cash Management Excess Availability. The amount, as determined by Administrative and Collateral Agent, calculated at any time, equal to: (a) the lesser of: (i) the Borrowing Base and (ii) the Revolving Loan Limit (when calculated after giving effect to any Reserves other than Reserves in respect of Letter of Credit Accommodations), plus (b) the then available amount of all Qualified Cash, minus (c) the sum of: (i) the amount of all then outstanding and unpaid Obligations, plus (ii) the amount of all Reserves then established in... respect of Letter of Credit Accommodations. View More