Minimum Excess Availability Amount means the greater of (x) $65,000,000 and (y) 10% of the Line Cap.
Minimum Excess Availability Amount means, as of any date of determination, the greater of (i) ten percent (10%) of the Borrowing Base in effect as of such date and (ii) $750,000.
Minimum Excess Availability Amount means $5,000,000.
Examples of Minimum Excess Availability Amount in a sentence
Loan Parties shall not permit Excess Availability at any time to be less than the Minimum Excess Availability Amount, unless as of the last day of the most recent month for which the monthly financial statements of Loan Parties and the related Compliance Certificate have been or are required to have been delivered to Agent pursuant to Section 7.15, the Fixed Charge Coverage Ratio for the twelve consecutive calendar month period then ended is greater than 1.10 to 1.00.
More Definitions of Minimum Excess Availability Amount
Minimum Excess Availability Amount means, as of any date of determination, the greater of (a) 12.5% of the Maximum Revolver Amount and (b) $25,000,000.
Minimum Excess Availability Amount means, as of any date of determination, the greater of (i) $1,500,000 and (ii) an amount equal to ten percent (10%) of the Adjusted Borrowing Base.
Minimum Excess Availability Amount means, as of any date of determination, the greater of (a) 10% of the Line Cap and (b) $<20,000,000>27,000,000.
Minimum Excess Availability Amount means $750,000.
Minimum Excess Availability Amount means, as of any date of determination, the sum of (a) the daily average Availability plus (b) the amount of cash or Cash Equivalents (not to exceed, (i) if on or prior to the Trademark Subfacility Payoff Date, $100,000,000 and (ii) if after the Trademark Subfacility Payoff Date, $25,000,000) in either case deposited in the Availability Cash Collateral Account and designated by the Borrowers as being allocated to the Minimum Excess Availability Amount. Annex A-26
Minimum Excess Availability Amount means, as of any date of determination, the sum of (a) the daily average Availability plus (b) the amount of cash or Cash Equivalents (not to exceed $25,000,000) deposited in the Availability Cash Collateral Account and designated by the Borrowers as being allocated to the Minimum Excess Availability Amount.
Minimum Excess Availability Amount means the amount of Excess Availability required to be maintained by the Loan Parties pursuant to Section 9.2 of the Term Loan Agreement as in effect on the date hereof.