Minimum Average Availability Clause Samples
Minimum Average Availability. The Borrower will maintain during each month, determined as at the end of each month, average Availability (which calculation will be based on a trailing three-month average) during the month of not less than $500,000, which amount may be adjusted at the sole discretion of the Lender.”
Minimum Average Availability. Pursuant to Section 6.14 of the Credit Agreement, the Borrower’s average Availability (which calculation will be based on a trailing three-month average) for the month ending on the Reporting Date was $____________, which o satisfies o does not satisfy the requirement that such amount be not less than $500,000 during such period, which amount may be adjusted at the sole discretion of the Lender.
Minimum Average Availability. Permit, (A) at the last day of any calendar month, (i) commencing with the month ending May 31, 2008, and ending on December 31, 2008, Average Availability for such month to be less than $20,000,000 and (ii) commencing with the month ending January 31, 2009, and ending on March 31, 2009, Average Availability for such month to be less than $35,000,000, and (B) at the last day of any fiscal quarter, commencing with the fiscal quarter ending March 31, 2010, the mean Average Availability for the three months during such fiscal quarter to be less than $30,000,000.
Minimum Average Availability. As of the end of each of the following Fiscal Periods, the Borrowers shall not permit the average daily Availability (when calculating the average daily Availability, Availability for a non-Business Day shall be Availability as of the immediately preceding Business Day) for each calendar month to be less than the following respective amounts:
Minimum Average Availability. As of the end of each of the following Fiscal Periods, the Borrowers shall not permit the average daily Availability (when calculating the average daily Availability, Availability for a non-Business Day shall be Availability as of the immediately preceding Business Day) for each calendar month to be less than the following respective amounts: FISCAL PERIOD REQUIRED MINIMUM ENDING AVERAGE AVAILABILITY June 30, 2002 and July 31, 2002 $5 million August 31, 2002 and $10 million each month end thereafter through October 31, 2002 November 30, 2002 $15 million and each month end thereafter through February 28, 2003 March 31, 2003 and $18 million at each month end thereafter
Minimum Average Availability. Maintain Average Availability, as of the end of each month, of not less than $1,000,000, and maintain Availability, on the last day of each month, of not less than $1,000,000.