Common use of Excess Availability Clause in Contracts

Excess Availability. Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from the April 29, 2016 through and including May 29, 2016, $10,000,000, (ii) as of any date of determination during the period from the May 30, 2016 through and including July 15, 2016, $15,000,000, (iii) as of any date of determination during the period from the July 16, 2016 through and including September 29, 2016, $17,500,000, and (iv) as of any date of during the period from September 30, 2016 through and including December 31, 2016, $20,000,000.”

Appears in 1 contract

Samples: Credit Agreement (Erickson Inc.)

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Excess Availability. Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from the April 29July 25, 2016 through and including May August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from the May August 30, 2016 through and including July 15October 23, 2016, $15,000,00013,000,000, (iii) as of any date of determination during the period from the July 16October 24, 2016 through and including September 29October 30, 2016, $17,500,000, and (iv) as of any date of determination during the period from September 30October 31, 2016 through and including December 31, 2016, $20,000,000.

Appears in 1 contract

Samples: Credit Agreement (Erickson Inc.)

Excess Availability. Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from the April 29July 25, 2016 through and including May August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from the May August 30, 2016 through and including July 15October 17, 2016, $15,000,00013,000,000, (iii) as of any date of determination during the period from the July 16October 18, 2016 through and including September 29October 31, 2016, $17,500,000, and (iv) as of any date of determination during the period from September 30November 1, 2016 through and including December 31, 2016, $20,000,000.

Appears in 1 contract

Samples: Credit Agreement (Erickson Inc.)

Excess Availability. Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from the April 29July 25, 2016 through and including May August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from the May August 30, 2016 through and including July 15September 28, 2016, $15,000,00013,000,000, (iii) as of any date of determination during the period from the July 16September 29, 2016 through and including September 29October 10, 2016, $17,500,000, and (iv) as of any date of determination during the period from September 30October 11, 2016 through and including December 31, 2016, $20,000,000.

Appears in 1 contract

Samples: Credit Agreement (Erickson Inc.)

Excess Availability. Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from the April 29July 25, 2016 through and including May August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from the May August 30, 2016 through and including July 15September 19, 2016, $15,000,00013,000,000, (iii) as of any date of determination during the period from the July 16September 20, 2016 through and including September 29October 2, 2016, $17,500,000, and (iv) as of any date of determination during the period from September 30October 3, 2016 through and including December 31, 2016, $20,000,000.

Appears in 1 contract

Samples: Credit Agreement (Erickson Inc.)

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Excess Availability. Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from the April 29July 25, 2016 through and including May August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from the May August 30, 2016 through and including July 15October 6, 2016, $15,000,00013,000,000, (iii) as of any date of determination during the period from the July 16October 7, 2016 through and including September 29October 13, 2016, $17,500,000, and (iv) as of any date of determination during the period from September 30October 14, 2016 through and including December 31, 2016, $20,000,000.

Appears in 1 contract

Samples: Credit Agreement (Erickson Inc.)

Excess Availability. Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from the April 29June 24, 2016 through and including May 29July 7, 2016, $10,000,000, (ii) as of any date of determination during the period from the May 30, 2016 through and including July 15, 2016, $15,000,000, (iii) as of any date of determination during the period from the July 168, 2016 through and including September 29, 2016, $17,500,000, and (iviii) as of any date of during the period from September 30, 2016 through and including December 31, 2016, $20,000,000.

Appears in 1 contract

Samples: Credit Agreement (Erickson Inc.)

Excess Availability. Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from the April 29July 25, 2016 through and including May August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from the May August 30, 2016 through and including July 15September 6, 2016, $15,000,00013,000,000, (ii) as of any date of determination during the period from September 7, 2016 through and including October 2, 2016, $17,500,000, and (iii) as of any date of determination during the period from the July 16, 2016 through and including September 29, 2016, $17,500,000, and (iv) as of any date of during the period from September 30October 3, 2016 through and including December 31, 2016, $20,000,000.

Appears in 1 contract

Samples: Credit Agreement (Erickson Inc.)

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