Parent Excess Availability

Parent Excess Availability. 1.1.80 "Parent Excess Availability" means, at any time, an amount equal to (a) the lesser of (i) the aggregate Revolving Commitments (as defined in the Senior Credit Agreement) of all Revolving Lenders (as defined in the Senior Credit Agreement) under the Senior Credit Agreement and (ii) the Borrowing Base (as defined in the Senior Credit Agreement), in each case at such time, minus (b) the aggregate Revolving Exposure (as defined in the Senior Credit Agreement) of all Revolving Lenders under... the Senior Credit Agreement at such time. View More