Examples of Accounts Availability in a sentence
During an Accounts Availability Triggering Event, the Loan Parties shall not be entitled to present items drawn on or otherwise to withdraw or direct the dispositions of funds from the Primary Payment Account.
It is expressly understood that the Holder is under no obligation to make any Advance to the Borrower under this Note (whether by reason of any provision hereof or otherwise) (i) if an Event of Default, as hereinafter defined, has occurred and is continuing, or (ii) if such Advance or any part thereof would cause the aggregate amount of all Advances made hereunder to exceed the Accounts Availability.
During an Accounts Availability Triggering Event, the Agents shall have the right to apply funds on deposit in or credited to the Primary Payment Account to any outstanding Revolving Loans and the Borrowers shall have the right, subject to the terms and conditions of this Agreement, to request Borrowings hereunder and direct the disposition of Revolving Loan proceeds.
Subject to the terms and conditions set forth herein and in the Ancillary Agreements, Laurus may make loans (the "LOANS") to Companies from time to time during the Term which, in the aggregate at any time outstanding, will not exceed the lesser of (x) (I) the Capital Availability Amount minus (II) such reserves as Laurus may reasonably in its good faith judgment deem proper and necessary from time to time (the "RESERVES") and (y) an amount equal to (I) the Accounts Availability minus (II) the Reserves.
Borrowing Base Cash Collateral Accounts; Availability Cash Collateral Accounts 92 ARTICLE VI Negative Covenants SECTION 6.01.