MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit; all then held checks (if any); accounts payable which are beyond credit terms then accorded the Borrowers; overdrafts; any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby; and L/C's to be issued at, or immediately subsequent to, such establishment, Availability shall not be less than $7,000,000.00.
MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit, any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby, L/Cs and Banker's Acceptances to be issued at, or immediately subsequent to, such establishment, Excess Availability shall not be less than $90,000,000.00.
MINIMUM DAY ONE AVAILABILITY. After giving effect to any Revolving Credit Loans to be made or otherwise outstanding on the Restatement Effective Date; all then held checks (if any); accounts payable which are overdue by more than Fifteen (15) days beyond credit terms then accorded the Borrowers; overdrafts; any charges to the Loan Account made in connection with the credit facility contemplated hereby; and L/Cs to be outstanding as of or issued on or immediately subsequent to, the Restatement Effective Date, Availability shall not be less than $35,000,000.
MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit, any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby, L/Cs and Banker's Acceptances to be issued at, or immediately subsequent to, such establishment, Excess Availability shall not be less than TBD.
MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit; Availability shall not be less than $50 Million.
MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit, Availability shall not be less than $1,000,000.00. In addition, the Borrowers must demonstrate a level of Availability for a minimum of the twelve (12) month period from the Closing Date satisfactory to the Lender, based upon the terms of this Agreement and the Business Plan.
MINIMUM DAY ONE AVAILABILITY. After giving effect to the first loan under the Revolving Credit, the Borrower shall have excess Availability of at least $300,000.00.
MINIMUM DAY ONE AVAILABILITY. On the Petition Date, after giving effect to the first funding under the Revolving Credit; post-petition accounts payable which are beyond credit terms then accorded the Borrower; overdrafts; any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby; the Carve Out; and L/C's to be issued at, or immediately subsequent to, such establishment, Availability shall not be less than $4,000,000.00.
MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit (but only to the extent a funding is requested on the Closing Date), any charges to the Loan Account permitted to be made hereunder in connection with the establishment of the credit facility contemplated hereby; all L/Cs to be issued at, or immediately subsequent to such establishment, Availability shall not be less than $20,000,000 or, if the Borrower elects a Revolving Credit Loan Ceiling of $30,000,000 as of the Closing Date, $12,500,000.
MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding of the Revolving Credit Loans and the Tranche B Loan; all then held checks (if any); accounts payable which are beyond credit terms then accorded the Borrowers; overdrafts; any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby; and Letter's of Credit to be issued at, or immediately subsequent to, such establishment, Availability shall not be less than $14,000,000; provided, however, that in the event the Borrowers have sold their Private Label Accounts as contemplated by ss.11.14 herein, Availability shall not be less than $19,000,000.
