Common use of Aggregate Availability Clause in Contracts

Aggregate Availability. Agent shall have determined, and Initial Lenders shall be satisfied, that, immediately after Initial Lenders have made the initial Revolver Loans to be made on the Closing Date (if any), Issuing Bank has issued the Letters of Credit to be issued on the Closing Date (if any), and Borrowers have paid (or made provision for payment of) all fees and closing costs incurred in connection with the Commitments, and after increasing the Availability Reserve in the amount of any payables of Borrowers that are stretched beyond Borrowers’ customary payment practices, Aggregate Availability is not less than $15,000,000.