Opening Availability Requirement Sample Clauses
Opening Availability Requirement. On the Closing Date, and after allowing for the payment of all fees, costs and expenses in connection with this Agreement and the Related Transactions, there shall be at least $25,000,000 of unused but available revolving loan commitments under the Revolving Credit Agreement.
Opening Availability Requirement. On the Closing Date, and after allowing for the payment of all fees, costs and expenses in connection with this Agreement and the Related Transactions, Borrower shall have, on a consolidated basis, at least $3,500,000 of “excess borrowing availability,” which for this purpose shall mean the unused but available credit under the Revolving Loan Commitment.