Minimum Undrawn Availability. Cause to be maintained at all times Undrawn Availability equal to or greater than ten percent (10%) of the Maximum Revolving Advance Amount; provided, however, that, no more than six (6) times per year, the failure to maintain Undrawn Availability equal to or greater than ten percent (10%) of the Maximum Revolving Advance Amount at any time shall not be deemed an Event of Default hereunder unless Undrawn Availability is less than ten percent (10%) for a period of up to three (3) consecutive Business Days (the “Grace Period”); provided, further, however, that in each period of forty-five (45) consecutive days, no more than one (1) Grace Period shall occur.
Minimum Undrawn Availability. Maintain Undrawn Availability of at least $3,000,000 at all times until receipt by Agent of Borrower’s June 30, 2022 Compliance Certificate.”
(d) Exhibit 1.2(a) is deleted in its entirety and replaced with a new Exhibit 1.2(a) attached hereto and incorporated herein by reference.
Minimum Undrawn Availability. Maintain at all times an Undrawn Availability of at least $1,000,000.
Subsection 13.1 is hereby deleted and new Subsection 13.1 is substituted therefor to read as follows:
Minimum Undrawn Availability. Maintain Undrawn Availability of at least $3,000,000 at all times until receipt by Agent of Borrower’s December 31, 2021 Compliance Certificate.”
Minimum Undrawn Availability. Maintain at all times Undrawn Availability of not less than $5,000,000.
Minimum Undrawn Availability. Maintain at all times Unsuppressed Undrawn Availability of not less than 17.5% of the Maximum Revolving Advance Amount which, as of the Seventh Amendment Effective Date, equals $41,758,500; provided, however, that compliance with this covenant shall cease to be required if the Compliance Certificates for the fiscal quarters ended June 30, 2023, September 30, 2023, December 31, 2023, March 31, 2024 and June 30, 2024 show compliance with the requirements of Sections 6.5 and 7.7 as of the end of such fiscal quarters.”
Minimum Undrawn Availability. Other than during the period from August 15 to November 15 in each year, permit Undrawn Availability at any time to be less than an amount equal to 5% of the Formula Amount.
Minimum Undrawn Availability. Cause to be maintained as of the last day of each month through and including March 31, 2017, Undrawn Availability (without giving effect to the Availability Block) at least equal to $10,000,000.
Minimum Undrawn Availability. Maintain, on a consolidated basis, at all times Undrawn Availability of not less than $1,000,000. During the Maximum Amount Increase Period, Undrawn Availability shall be calculated without regard to the Maximum Loan Amount.”
Minimum Undrawn Availability. Maintain at all times a minimum Undrawn Availability of not less than $5,000,000.
(L) Subsection 9.9 of the Loan Agreement is hereby deleted and replaced with a new Subsection 9.9 to read as follows:
