Common use of Closing Availability Clause in Contracts

Closing Availability. On the Effective Date, after giving effect to all Borrowings to be made on the Effective Date and the use of proceeds thereof, the issuance of any Letters of Credit on the Effective Date, the consummation of the Transactions to occur on the Effective Date and the payment of all fees and expenses then due hereunder, and with all of the Loan Parties’ indebtedness, liabilities, and obligations current, Availability shall not be less than $40,000,000.

Closing Availability. On the Effective Date, after giving effect to all Borrowings to be made on the Effective Date and the use of proceeds thereof, the issuance of any Letters of Credit on the Effective Date, the consummation of the Transactions to occur on the Effective Date and the payment of all fees and expenses then due hereunder, and with all of the Loan Parties’ indebtedness, liabilities, and obligations current, Availability shall not be less than $40,000,00050,000,000.

Closing Availability. On the Effective Date, after After giving effect to all Borrowings to be made on the Effective Date and the use of proceeds thereofDate, the issuance of any Letters of Credit on (or deemed issuance, in the Effective Date, the consummation case of the Transactions to occur Existing Letters of Credit) on the Effective Date and the payment of all fees and expenses then due hereunder, and with all of the Loan Parties’ indebtedness, liabilities, liabilities and obligations current, the Borrowers’ Availability plus cash on hand shall not be less than $40,000,000300,000,000.

Closing Availability. On the Effective Date, after After giving effect to all Borrowings to be made on the Effective Date and the use of proceeds thereofDate, the issuance of any Letters of Credit on the Effective Date, the consummation of the Transactions to occur on the Effective Date and the payment of all fees and expenses then due hereunder, and with all the deposit of Eligible Cash on the Loan Parties’ indebtedness, liabilities, and obligations currentEffective Date, Availability shall not be less than $40,000,000.