Common use of Minimum Availability Clause in Contracts

Minimum Availability. The Borrower shall at all times maintain Availability in an amount no less than the greater of (i) ten percent (10%) of the Line Cap, or (ii) $20,000,000.

Appears in 4 contracts

Sources: Credit Agreement (Pier 1 Imports Inc/De), Credit Agreement (Pier 1 Imports Inc/De), Credit Agreement (Pier 1 Imports Inc/De)

Minimum Availability. The Borrower shall at all times maintain Availability in an amount no less than the greater of (i) ten percent (10%) of the Line CapCap (without giving effect to the Specified Reserves), or (ii) $20,000,000[20,000,000.]30,000,000.

Appears in 1 contract

Sources: Credit Agreement (Pier 1 Imports Inc/De)