Common use of Closing Combined Availability Clause in Contracts

Closing Combined Availability. After giving effect to all Borrowings to be made on the Closing Date, the issuance of any Letters of Credit on the Closing Date, and the payment of all fees and expenses due hereunder, and with all of the Loan Parties’ indebtedness, liabilities, and obligations current, Combined Availability shall not be less than $250,000,000.

Appears in 2 contracts

Sources: Inventory Facility Credit Agreement (Anixter International Inc), Credit Agreement (Anixter International Inc)

Closing Combined Availability. After giving effect to all Borrowings to be made on the Closing Effective Date, the issuance of any Letters of Credit on the Closing Date, Effective Date and the payment of all fees and expenses due hereunder, and with all of the Loan Parties’ Borrower's indebtedness, liabilities, and obligations current, Combined Availability shall not be less than $250,000,000.

Appears in 1 contract

Sources: Receivables Facility Credit Agreement (Anixter International Inc)

Closing Combined Availability. After giving effect to all Borrowings to be made on the Closing Effective Date, the issuance of any Letters of Credit on the Closing Date, Effective Date and the payment of all fees and expenses due hereunder, and with all of the Loan Parties’ Borrower’s indebtedness, liabilities, and obligations current, Combined Availability shall not be less than $250,000,000.

Appears in 1 contract

Sources: Credit Agreement (Anixter International Inc)