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:
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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.
Sample 1
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 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.”
Sample 1
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. The Loan Agreement is hereby amended by inserting the following new clause (d) in Item 16 of the Terms Schedule: (d) Borrowers shall cause Availability to be at least $3,000,000 at all times (it being agreed that, solely for the purposes of this paragraph, Availability shall be determined without giving effect to the Maximum Revolver Facility Amount).
Sample 1
Minimum Availability Covenant. Availability of the Borrower shall not, on any date after the First Amendment Effective Date, be less than $2,500,000. (o) Schedules 3.05(a), 3.05(b), 3.06, 3.12, 3.14, 3.15, and 3.22 to the Credit Agreement are hereby amended and restated in their entirety as set forth on Exhibit C attached hereto. (p) Exhibit C to the Credit Agreement is hereby amended and restated in its entirety as set forth on Exhibit E attached hereto.
Sample 1

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 17, 2016, $13,000,000, (iii) as of any date of determination during the period from October 18, 2016 through and including October 31, 2016, $17,500,000, and (iv) as of any date of determination during the period from November 1, 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;

  • RDDS availability Refers to the ability of all the RDDS services for the TLD, to respond to queries from an Internet user with appropriate data from the relevant Registry System. If 51% or more of the RDDS testing probes see any of the RDDS services as unavailable during a given time, the RDDS will be considered unavailable.

  • Funds Availability For determining the availability of your deposits, every day is a business day except Saturdays, Sundays, federal holidays and legal banking holidays in the State of Utah.

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

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

  • FUNDING AVAILABILITY This Contract is contingent upon the continued availability of funding. If funds become unavailable through the lack of appropriations, legislative or executive budget cuts, amendment of the Appropriations Act, state agency consolidation or any other disruptions of current appropriations, DFPS will reduce or terminate this Contract.

  • System Availability Although we will try to provide continuous access to the Service, we cannot and do not guarantee that the Service will be available 100% of the time and will not be liable in the event Service is unavailable. Actual service or network performance is dependent on a variety of factors outside of our control. If you notify us within twenty-four (24) hours and we confirm an outage consisting of a period of two (2) hours in any calendar month, and not due to any service, act, or omission of you, a third party, your applications, equipment or facilities, or reasons outside of our control, you shall be eligible for a service credit. A service credit shall be computed as a pro-rated charge for one day of the regular monthly fees for the Service in the next monthly statement. Intermittent service outages for periods of less than two (2) hours are not considered service outages. Outages caused by routine scheduled maintenance are also not considered an outage. You shall receive advance notice no less than forty-eight (48) hours in advance of our scheduled maintenance. Scheduled maintenance will be performed between 12:00 a.m. and 6:00 a.m. CST.

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