Common use of Specified Excess Clause in Contracts

Specified Excess. Availability (after giving Pro Forma Effect to such Specified Covenant Event as of such date and average daily Specified Excess Availability during the thirty (30) consecutive day period immediately preceding the making of such Specified Covenant Event) shall be not less than (I) in the case of a Specified Disposition, Specified Investment, Specified Restricted Debt Payment or Specified Debt Incurrence, the greater of (x) 10.00% of the Maximum Borrowing Amount and (y) $80,000,000, or (II) in the case of a Specified Restricted Payment, the greater of (x) 12.50% of the Maximum Borrowing Amount and (y) $100,000,000, in each case, as of such date,

Appears in 4 contracts

Samples: Abl Credit Agreement (Builders FirstSource, Inc.), Credit Agreement (Builders FirstSource, Inc.), Credit Agreement (Builders FirstSource, Inc.)

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Specified Excess. Availability (after giving Pro Forma Effect to such Specified Covenant Event as of such date and average Averageaverage daily Specified Excess Availability during the thirty (30) consecutive day period immediately preceding the making of such Specified Covenant Event) shall be not less than (I) in the case of a Specified Disposition, Specified Investment, Specified Restricted Debt Payment or Specified Debt Incurrence, the greater of (x) 10.00% of the Maximum Borrowing Amount and (y) $80,000,000, or (II) in the case of a Specified Restricted Payment, the greater of (x) 12.50% of the Maximum Borrowing Amount and (y) $100,000,000, in each case, as of such date,

Appears in 1 contract

Samples: Collateral Agreement (Builders FirstSource, Inc.)

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