Minimum Excess Availability. Borrowers shall at all times maintain Excess Availability equal to the greater of (a) ten percent (10%) of the Revolving Loan Limit and (b) $7,500,000.
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Sources: Loan and Security Agreement (RTW Retailwinds, Inc.), Loan and Security Agreement (New York & Company, Inc.)
Minimum Excess Availability. At all times, the Borrowers shall at all times will maintain Excess Availability equal to of not less than the greater of (a) ten percent (10%) of the Revolving Loan Limit lesser of (i) the Aggregate Borrowing Base and (ii) the Total Commitment and (b) $7,500,00050,000,000.
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Minimum Excess Availability. Borrowers shall at all times maintain Excess Availability of at least the amount equal to the greater of (a) ten percent (10%) percent of the Revolving Loan Limit and Borrowing Base or (b) $7,500,00015,000,000.
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Minimum Excess Availability. Borrowers shall maintain minimum Excess Availability at all times maintain Excess Availability equal to of not less than the greater of (a) ten percent (10%) % of the Revolving Loan Limit and Borrowing Base or (b) $7,500,00040,000,000.
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Minimum Excess Availability. Borrowers shall at all times maintain Excess Availability equal to or greater than the greater of (a) ten percent (10%) of the Revolving Loan Limit and $30,000,000 or (b) $7,500,000seven and one-half (7 1/2%) percent of the lesser of the Borrowing Base or the Maximum Credit.
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Minimum Excess Availability. Borrowers shall at all times maintain Excess Availability equal to the greater of (a) ten percent (10%) of the Revolving Loan Limit Maximum Credit and (b) $7,500,000.
Appears in 1 contract
Sources: Loan and Security Agreement (New York & Company, Inc.)