Revolver Availability Sample Clauses

Revolver Availability. Until the end of the Fiscal Quarter ending on September 30, 2008, Borrower shall at all times have Revolver Availability (with trade payables being paid currently and expenses and liabilities being paid in the ordinary course of business and without acceleration of sales) of at least $4,000,000. Thereafter, such Revolver Availability, plus the amount of cash and unrestricted Cash Equivalents held in Controlled Deposit Accounts and Controlled Securities Accounts, shall at all times be at least $4,000,000.
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Revolver Availability. After giving effect to any such Acquisition Loans, the unutilized portion of the aggregate Adjusted Available Commitments shall equal or exceed $25,000,000.
Sample 1
Revolver Availability. Immediately after giving effect to this Agreement and the initial Extensions of Credit hereunder, the sum of the outstanding Revolving Advances plus outstanding LOC Obligations shall not exceed the Revolving Committed Amount.
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Revolver Availability. Each of the Borrower, the other Credit Parties, the Administrative Agent and the Lenders hereby agrees that from and after the Consent & Waiver Effective Date, the Borrower shall not request, and the Administrative Agent, the Swingline Lender, the Issuing Lender and the Lenders shall have no obligation to make or issue (as applicable), any Revolving Loan, Swingline Loan or Letter of Credit, in each case to or for the benefit (as applicable) of the Borrower or any other Credit Parties (other than Revolving Loans made to reimburse drawings under Letters of Credit to the extent required by Section 2.3 of the Credit Agreement).
Sample 1
Revolver Availability. 1. Availability under the Revolver Commitment on the closing date of the Subject Acquisition $_____________ 2. The amount set forth in the immediately preceding Line 1 exceeds the Purchase Price Yes No ANNEX B ------- TO PERMITTED ACQUISITION COMPLIANCE CERTIFICATE ----------------------------------------------- FINANCIAL COVENANTS ------------------- Status of Compliance with Sections 9.12, 9.13, 9.20, 9.22, 9.29 and 9.30 of the Revolving and Term Loan Credit Agreement (Unless otherwise indicated, all calculations are made on a consolidated pro forma basis for the Companies (after giving effect to the Subject Acquisition) with respect to the most recently-ended Rolling Period) Calculations are to be submitted in a form substantially similar to those utilized in the Compliance Certificate and in detail and scope acceptable to Administrative Agent. ANNEX C ------- TO PERMITTED ACQUISITION COMPLIANCE CERTIFICATE ----------------------------------------------- Date: Subject Acquisition: PRO FORMA INCOME AND BALANCE SHEET ---------------------------------- (TO BE PROVIDED BY BORROWER) ---------------------------- ANNEX D ------- TO PERMITTED ACQUISITION COMPLIANCE CERTIFICATE ----------------------------------------------- Date: Subject Acquisition: CASH FLOW PROJECTIONS --------------------- (TO BE PROVIDED BY BORROWER) ANNEX F ------- TO PERMITTED ACQUISITION COMPLIANCE CERTIFICATE ----------------------------------------------- Date: Subject Acquisition: PURCHASE AGREEMENT ------------------ (TO BE PROVIDED BY BORROWER) EXHIBIT E-3 ----------- FORM OF PERMITTED ACQUISITION LOAN ---------------------------------- CLOSING CERTIFICATE ------------------- (___________, 20__) This certificate is delivered pursuant to Section 7.2 of the Amended and Restated Revolving and Term Loan Credit Agreement, dated as of November __, 2001 (as amended, modified, supplemented, or restated from time to time, the "Credit Agreement"), among Borrower, Administrative Agent, and Lenders party thereto. Capitalized terms used herein and not otherwise defined herein shall have the meaning given to such terms in the Credit Agreement.
Sample 1
Revolver Availability. There exists not less than $5,000,000 of Availability on the date of the acquisition;
Sample 1
Revolver Availability. As of the Closing Date, the Company shall have at least $1 million in borrowing availability under its revolving credit facility.
Sample 1
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Revolver Availability. At any time during the Additional Tender Period, the --------------------- Total Commitment less the Untendered Amount on such date, and thereafter, the ---- Total Commitment. Revolving Credit Loan Commitment Percentage. With respect to each Bank, the ------------------------------------------- percentage set forth on Schedule 1 hereto as such Bank's percentage of the ---------- aggregate Commitments of all the Banks. Revolving Credit Loan Maturity Date. December 31, 2001. ----------------------------------- Revolving Credit Loans. Revolving credit loans made or to be made by the ---------------------- Banks to the Borrower pursuant to (S)2. Revolving Credit Note Record. A Record with respect to a Revolving Credit ---------------------------- Note. Revolving Credit Notes. See (S)2.4. ---------------------- Roadside. Roadside, Inc., a Delaware corporation. -------- Security Agreements. The several Amended and Restated Security Agreements in ------------------- substantially in the form of Exhibit G hereto, dated or to be dated on or prior ------- - to the Closing Date, between the Borrower and its Subsidiaries and the Agent and in form and substance satisfactory to the Banks and the Agent.
Sample 1

Related to Revolver Availability

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

  • Excess Availability Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from July 25, 2016 through and including August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from August 30, 2016 through and including October 6, 2016, $13,000,000, (iii) as of any date of determination during the period from October 7, 2016 through and including October 13, 2016, $17,500,000, and (iv) as of any date of determination during the period from October 14, 2016 through and including December 31, 2016, $20,000,000.

  • Maximum Credit Patheon's liability for Active Materials calculated in accordance with this Section 2.2 for any Product in a Year will not exceed, in the aggregate, the Maximum Credit Value set forth in Schedule D to a Product Agreement.

  • Opening Availability The Eligible Accounts and Eligible Inventory supporting the initial Revolving Credit Advance and the initial Letter of Credit Obligations incurred and the amount of the Reserves to be established on the Closing Date shall be sufficient in value, as determined by Agent, to provide Borrowers with Borrowing Availability, after giving effect to the initial Revolving Credit Advance, the incurrence of any initial Letter of Credit Obligations and the consummation of the Related Transactions (on a pro forma basis, with trade payables being paid currently, and expenses and liabilities being paid in the ordinary course of business and without acceleration of sales) of at least Twenty Five Million Dollars ($25,000,000).

  • Closing Availability After giving effect to all Borrowings to be made on the Effective Date and the issuance of any Letters of Credit on the Effective Date and payment of all fees and expenses due hereunder, and with all of the Loan Parties’ Indebtedness, the Borrowers’ Availability shall not be less than $500,000.

  • Product Availability The Insurance Companies have qualified the Products for offer and sale under the applicable insurance laws of various states and other jurisdictions. Producers and Registered Representatives shall solicit applications for the Products only in states and jurisdictions where such Products have been so qualified. Producers shall, upon request, be provided with a list of those states and jurisdictions in which the Products have been qualified for sale. The Insurance Companies shall file and make all statements or reports as are or may be required by the laws of such state or jurisdiction to maintain these qualifications in effect.

  • Revolver Commitments The Revolver Commitments shall terminate on the Maturity Date. Borrower may reduce the Revolver Commitments to an amount not less than the greater of (1) $5,000,000, and (2) the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Advances not yet made as to which a request has been given by Borrower under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrower pursuant to Section 2.11(a). Each such reduction shall be in an amount which is not less than $500,000 (unless the Revolver Commitments are being reduced to $5,000,000 and the amount of the Revolver Commitments in effect immediately prior to such reduction are less than $5,500,000), shall be made by providing not less than 5 Business Days prior written notice to Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof. Each such reduction of the Revolver Commitments shall be accompanied by

  • Borrowing Base If, at any time, (A) the Revolver Usage on such date exceeds (B) the lesser of (x) the Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Agent, or (y) the Maximum Revolver Amount, in all cases as adjusted for Reserves established by Agent in accordance with Section 2.1(c), then Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the amount of such excess.

  • 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.

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