Common use of Excess Availability Clause in Contracts

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 17, 2016, $13,000,000, (iii) as of any date of determination during the period from October 18, 2016 through and including October 31, 2016, $17,500,000, and (iv) as of any date of determination during the period from November 1, 2016 through and including December 31, 2016, $20,000,000.

Appears in 1 contract

Sources: Credit Agreement (Erickson Inc.)

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 25the April 29, 2016 through and including August May 29, 2016, $10,000,000, (ii) as of any date of determination during the period from August the May 30, 2016 through and including October 17July 15, 2016, $13,000,00015,000,000, (iii) as of any date of determination during the period from October 18the July 16, 2016 through and including October 31September 29, 2016, $17,500,000, and (iv) as of any date of determination during the period from November 1September 30, 2016 through and including December 31, 2016, $20,000,000.”

Appears in 1 contract

Sources: Credit Agreement (Erickson Inc.)

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 1723, 2016, $13,000,000, (iii) as of any date of determination during the period from October 1824, 2016 through and including October 3130, 2016, $17,500,000, and (iv) as of any date of determination during the period from November 1October 31, 2016 through and including December 31, 2016, $20,000,000.

Appears in 1 contract

Sources: Credit Agreement (Erickson Inc.)

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 17September 19, 2016, $13,000,000, (iii) as of any date of determination during the period from October 18September 20, 2016 through and including October 312, 2016, $17,500,000, and (iv) as of any date of determination during the period from November 1October 3, 2016 through and including December 31, 2016, $20,000,000.

Appears in 1 contract

Sources: Credit Agreement (Erickson Inc.)

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 17September 6, 2016, $13,000,000, (ii) as of any date of determination during the period from September 7, 2016 through and including October 2, 2016, $17,500,000, and (iii) as of any date of determination during the period from October 18, 2016 through and including October 31, 2016, $17,500,000, and (iv) as of any date of determination during the period from November 13, 2016 through and including December 31, 2016, $20,000,000.

Appears in 1 contract

Sources: Credit Agreement (Erickson Inc.)

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 17September 28, 2016, $13,000,000, (iii) as of any date of determination during the period from October 18September 29, 2016 through and including October 3110, 2016, $17,500,000, and (iv) as of any date of determination during the period from November 1October 11, 2016 through and including December 31, 2016, $20,000,000.

Appears in 1 contract

Sources: Credit Agreement (Erickson Inc.)

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 176, 2016, $13,000,000, (iii) as of any date of determination during the period from October 187, 2016 through and including October 3113, 2016, $17,500,000, and (iv) as of any date of determination during the period from November 1October 14, 2016 through and including December 31, 2016, $20,000,000.

Appears in 1 contract

Sources: Credit Agreement (Erickson Inc.)

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 25June 24, 2016 through and including August 29July 7, 2016, $10,000,000, (ii) as of any date of determination during the period from August 30July 8, 2016 through and including October 17September 29, 2016, $13,000,00017,500,000, and (iii) as of any date of determination during the period from October 18, 2016 through and including October 31, 2016, $17,500,000, and (iv) as of any date of determination during the period from November 1September 30, 2016 through and including December 31, 2016, $20,000,000.

Appears in 1 contract

Sources: Credit Agreement (Erickson Inc.)