Minimum Availability Covenant Sample Clauses

Minimum Availability Covenant. Permit Availability at any time to be less than the greater of (a) $7.5 million and (b) 7.5% of the Modified Revolving Loan Cap.
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Minimum Availability Covenant. Section 7.15 of the Credit Agreement is amended to revise the Minimum Availability covenant to be as follows: Permit Availability at any time to be less than the greater of (a) ten percent (10%) of the Loan Cap, or (b) $1,000,000.00.
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Minimum Availability Covenant. Borrower shall maintain Availability of not less than $1.00 or such lower amount agreed to by Lender in its sole discretion (as evidenced by Lender’s written consent) at all times; and
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Minimum Availability Covenant. Availability of the Borrower shall not, on any date after the First Amendment Effective Date, be less than $2,500,000.
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Minimum Availability Covenant. From and after August 24, 2018, the Obligors shall not permit (A) the sum of (i) the U.S. Availability (as defined in the Loan Agreement), plus (ii) the aggregate amount of Book Cash and cash equivalents on hand of the Obligors that are located in a deposit account at Bank of America in the United States and which are subject to a perfected lien in favor of the Agent for the benefit of the Lenders to be less than $2,000,000; or (B) the sum of (i) the Global Availability (as defined in the Loan Agreement), plus (ii) the aggregate amount of Book Cash and cash equivalents on hand of the Obligors that are located in a deposit account at Bank of America in the United States and Canada and which are subject to a perfected lien in favor of the Agent for the benefit of the Lenders to be less than $4,000,000.
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Minimum Availability Covenant. The Loan Agreement is hereby amended by inserting the following new clause (d) in Item 16 of the Terms Schedule:
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Minimum Availability Covenant. The Borrower shall at all times, commencing on the first (1st) after the Closing Date, maintain excess Availability of at least $100,000.00 until such time that the annual financial statements which Borrower is required to provide to Lender in accordance with the provisions of ss.6.4(a) hereof, reflect that the Borrower has achieved a net profit for the previous fiscal year, commencing with the financial statements required to be delivered as of the end of the Borrower's fiscal year 2000.
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Minimum Availability Covenant. The following Section 9.12 shall be added to the Credit Agreement:
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Minimum Availability Covenant. During the Specified Period, Availability of the Parent and its Restricted Subsidiaries shall not, on any date, including after giving effect to any proposed Credit Extension, be less than the greater of (a) 10% of the Line Cap, and (b) $15,000,000.”
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Related to Minimum Availability Covenant

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

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

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • Liquidity Ratio A Liquidity Ratio of at least 1.50 to 1.00.

  • Liquidity Coverage Ratio The Seller shall not issue any LCR Security.

  • Debt to Equity Ratio The Lender shall have received from the Borrower a certificate demonstrating that the ratio of the Borrower's Adjusted Indebtedness to the Borrower's Net Assets, taking into account the requested Loan and the assets, if any, to be acquired by the Borrower with the proceeds of such Loan, shall not exceed 4-to-1.

  • Minimum Liquidity The Borrower shall not permit Liquidity at any time to be less than $50,000,000.

  • Market disruption; non-availability 3.6.1 If and whenever, at any time prior to the commencement of any Interest Period:

  • Minimum Debt Service Coverage Ratio As of the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2021, the Borrowers shall not permit the Debt Service Coverage Ratio, determined on a consolidated basis for the Consolidated Parties, to be less than 2.00 to 1.00.

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