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.
Minimum Excess Availability. Borrowers shall at all times maintain Excess Availability of not less than $7,500,000.
Minimum Excess Availability. Section 9.18 of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
Minimum Excess Availability. The Loan Parties shall not permit Excess Availability at any time to be less than the greater of (a) $4,000,000 and (b) 7.5% of the Borrowing Base (calculated using $0 for the Term Loan Push-Down Reserve regardless of its actual value at the time of determination).
Minimum Excess Availability. Borrowers shall at all times maintain Excess Availability equal to the greater of (a) ten percent (10%) of the Revolving Loan Limit and (b) $7,500,000.
Minimum Excess Availability. The aggregate amount of the Excess Availability of Borrowers shall at all times be equal to or greater than $10,000,000.
Minimum Excess Availability. Excess Availability (determined based upon the Borrowing Base as of August 31, 2014, and Revolving Commitments, Loans and L/C Exposure as of the Closing Date) shall be not less than $200,000,000, all calculated on a pro forma basis to give effect to the Transactions (including the initial Borrowings and issuance of Letters of Credit and assumption of Existing Letters of Credit as of the Closing Date). Notwithstanding the foregoing, to the extent that the execution and delivery of any document or the completion of any task or action is listed on Schedule 5.16, such item shall not be a condition precedent and shall instead be subject to Section 5.16.
Minimum Excess Availability. The Excess Availability of Borrower shall, at all times be equal to or greater than $4,200,000."
Minimum Excess Availability. Maintain on each day Receivables Excess Availability in an amount not less than $10,000,000 and Total Excess Availability in an amount not less than $15,000,000.
Minimum Excess Availability. The Credit Parties shall have (a) Excess Availability at all times not less than $500,000 and (b) at all times, a positive difference between (i) Aggregate Borrowing Availability minus (ii) the aggregate amount of all outstanding Advances and the Letter of Credit Usage of not less than $5,000,000.
