Excess Revolver Availability Clause Samples
Excess Revolver Availability. Borrowers shall maintain, at all times, Excess Revolver Availability in an amount not less than $5,000,000.
Excess Revolver Availability. The Borrowers shall have Excess Revolver Availability of not less than $3,000,000 on the Closing Date.
Excess Revolver Availability. The Loan Parties shall have Excess Revolver Availability of not less than $10,000,000 on the Closing Date.
Excess Revolver Availability. Excess Revolver Availability [did / did not] exceed $5,000,000 at all times during the [Fiscal Month][Fiscal Quarter] ended ____________ ___, 20_____. Affiliate Accounts Receivable. Parent and its Subsidiaries, on a consolidated basis, have aggregate accounts receivable with Affiliates (that are not Loan Parties) as of the last day of the [Fiscal Month][Fiscal Quarter] ended ____________ ___, 20_____, in an amount equal to $___________, which amount [does/does not] exceed $1,000,000. 4 Note: Testing commences with the Fiscal Month ending December 31, 2023. 5 Attach reasonably detailed calculations of financial covenants and component definitions thereof in xls format as set forth (as a template thereof) on the immediately succeeding page.