Common use of Excess Availability Clause in Contracts

Excess Availability. The Administrative Agent and the Co-Collateral Agent shall have received a Borrowing Base Certificate setting forth, after giving effect to the Borrowings hereunder on the Closing Date, the Available Loan Commitments equal to an amount not less than $400,000,000.

Appears in 3 contracts

Samples: Credit Agreement (Herc Holdings Inc), Credit Agreement (Hertz Corp), Credit Agreement (Hertz Global Holdings Inc)

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Excess Availability. The Administrative Agent and the Co-Collateral Agent shall have received a Borrowing Base Certificate pursuant to subsection 7.2(f) setting forth, after giving effect to the Borrowings hereunder on the Closing Date, the Available Loan Commitments equal to an amount not less than $400,000,000500,000,000.

Appears in 1 contract

Samples: Credit Agreement (Hertz Corp)

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