MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit; all then held checks (if any); accounts payable which are beyond credit terms then accorded each Borrower; overdrafts; any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby; and L/C's to be issued at, or immediately subsequent to, such establishment, Availability shall not be less than $25,000,000.
MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit; all then held checks (if any); accounts payable which are overdue by more than Fifteen (15) days beyond credit terms then accorded the Borrower; overdrafts; any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby; and L/C's to be issued at, or immediately subsequent to, such establishment, Availability shall not be less than $14,000,000.
MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit, any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby, L/Cs and Banker's Acceptances to be issued at, or immediately subsequent to, such establishment, Excess Availability shall not be less than $90,000,000.00.
MINIMUM DAY ONE AVAILABILITY. After giving effect to any Revolving Credit Loans to be made or otherwise outstanding on the Restatement Effective Date; all then held checks (if any); accounts payable which are overdue by more than Fifteen (15) days beyond credit terms then accorded the Borrowers; overdrafts; any charges to the Loan Account made in connection with the credit facility contemplated hereby; and L/Cs to be outstanding as of or issued on or immediately subsequent to, the Restatement Effective Date, Availability shall not be less than $35,000,000.
MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit, any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby, L/Cs and Banker's Acceptances to be issued at, or immediately subsequent to, such establishment, Excess Availability shall not be less than TBD.
MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit; Availability shall not be less than $50 Million.
MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit (but only to the extent a funding is requested on the Closing Date), any charges to the Loan Account permitted to be made hereunder in connection with the establishment of the credit facility contemplated hereby; all L/Cs to be issued at, or immediately subsequent to such establishment, Availability shall not be less than $20,000,000 or, if the Borrower elects a Revolving Credit Loan Ceiling of $30,000,000 as of the Closing Date, $12,500,000.
MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit; any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby; and all L/ Cs to be issued at, or immediately subsequent to, such establishment, Excess Availability shall be in an amount equal to not less than $9,000,000 (exclusive of any Availability attributable to the Borrowers' obtaining federal or state tax refunds). The Agent shall have received a Borrowing Base Certificate dated the Closing Date, relating to the then most recent week ended, and executed by a Financial Officer of the Lead Borrower.
MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit; all checks (if any) written by any Borrower and then being held in the possession of any Borrower (i.e. "held checks"); accounts payable which are beyond credit terms then accorded the Borrowers (other than those (if any) which, in the ordinary course of the Borrower's business, have gone beyond normal credit terms on account of a bona fide dispute or adjustment or on account of a delay in the issuance, by the creditor, of an offsetting credit); overdrafts (excluding float, in the ordinary course of business); any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby; and L/C's to be issued at, or immediately subsequent to, such establishment, Availability shall not be less than $1,300,000.00.
MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding of the Revolving Credit Loans and the Tranche B Loan; all then held checks (if any); accounts payable which are beyond credit terms then accorded the Borrowers; overdrafts; any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby; and Letter's of Credit to be issued at, or immediately subsequent to, such establishment, Availability shall not be less than $5,500,000.
