Minimum Availability. Borrower, at all times, shall maintain availability of not less than $300,000. "Availability" means $6,000,000 minus (a) the amount of outstanding Revolving Credit Loans, and (b) Reserves (as defined and determined pursuant to Section 1.1.1 of the Loan Agreement).
Appears in 3 contracts
Samples: Sixth Amendment (Brandpartners Group Inc), Seventh Amendment (Brandpartners Group Inc), Fifth Amendment (Brandpartners Group Inc)
Minimum Availability. Borrower, at all times, shall maintain availability of not less than $300,000. "Availability" means $6,000,000 minus (a) the amount of outstanding Revolving Credit Loans, Loans and (b) Reserves (as defined and determined pursuant to Section 1.1.1 of the Loan Agreement).
Appears in 2 contracts
Samples: Eighth Amendment (Brandpartners Group Inc), Eighth Amendment (Brandpartners Group Inc)
Minimum Availability. Borrower, at all times, shall maintain availability of not less than $300,000450,000. "Availability" means $6,000,000 minus (a) the amount of outstanding Revolving Credit Loans, and (b) Reserves (as defined and determined pursuant to Section 1.1.1 of the Loan Agreement).
Appears in 1 contract
Samples: Third Amendment and Waiver Agreement (Brandpartners Group Inc)
