Financial Calculations and Covenant Compliance. OPTION 1: [Since _______________ (the date of the last Compliance Certificate delivered pursuant to Section 6.02 of the Credit Agreement or, in the case of the first Compliance Certificate delivered after the Closing Date, the Closing Date), Availability has at all times equaled or exceeded the greater of (i) 10% of the Loan Cap and (ii) $25,000,000.] OPTION 2: [Since _______________ (the date of the last Compliance Certificate delivered pursuant to Section 6.02 of the Credit Agreement or, in the case of the first Compliance Certificate delivered after the Closing Date, the Closing Date), Availability has not at all times equaled or exceeded the greater of (i) 10% of the Loan Cap and (ii) $25,000,000. As of the date hereof, the Consolidated Fixed Charge Coverage Ratio for the trailing Twelve Month Period ending on the last day of the most recently ended month for which monthly or quarterly financial statements have been delivered or have been required to be delivered in accordance with Section 6.01 of the Credit Agreement is not less than 1.00 to 1.00, as set forth on Schedule 1 hereto.]
Financial Calculations and Covenant Compliance. Since (the date of the last Compliance Certificate delivered pursuant to Section 6.02 of the Credit Agreement or, in the case of the first Compliance Certificate delivered after the Closing Date, the Closing Date), Availability has at all times exceeded the greater of (i) 10% of the Loan Cap and (ii) $50,000,000.
Financial Calculations and Covenant Compliance. Since _______ __, _____ (the date of the last Compliance Certificate delivered pursuant to Section 6.02 of the Credit Agreement or, in the case of the first Compliance Certificate delivered after the Sixth Amendment Effective Date, the Sixth Amendment Effective Date), Availability has at all times equaled or exceeded the greater of (i) 10% of the Aggregate Loan Cap and (ii) the result of (x) $32,500,000 minus (y) the Covenant Reduction Amount. Attached hereto as Appendix II are reasonably detailed calculations necessary to determine the minimum Consolidated EBITDA for the most recently completed Measurement Period and compliance with Section 7.15 of the Credit Agreement1 Financial Statements.
Financial Calculations and Covenant Compliance. Since _______ __, _____ (the date of the last Compliance Certificate delivered pursuant to Section 6.02 of the Credit Agreement or, in the case of the first Compliance Certificate delivered after the Sixth Amendment Effective Date, the Sixth Amendment Effective Date), Availability has at all times equaled or exceeded the greater of (i) 10% of the Aggregate Loan Cap and (ii) $32,500,000.
Financial Calculations and Covenant Compliance. (a) Since _______ __, _____ (the date of the last Compliance Certificate delivered pursuant to Section 6.02 of the Credit Agreement or, in the case of the first Compliance Certificate delivered after the last day of the Availability Block Period, the first day following the Availability Block Period), Availability has at all times equaled or exceeded (i) prior to (but excluding) the date that is thirty (30) months following the Restatement Effective Date, $25,000,000 and (y) from and after the date that is thirty (30) months following the Restatement Effective Date, $30,000,000. [Use following paragraph commencing with the Measurement Period ending on the last day of the Fiscal Month on or about May 31, 2025 and continuing for each of the applicable Measurement Periods ending on the last day of each Fiscal Month ending thereafter]
