Minimum Excess Availability. The aggregate amount of the Excess Availability of Borrowers shall at all times be equal to or greater than the greater of (a) an amount equal to ten (10%) percent of the Total Borrowing Base and (b) $80,000,000.
Appears in 2 contracts
Sources: Loan and Security Agreement (Nash Finch Co), Loan and Security Agreement (Spartan Stores Inc)
Minimum Excess Availability. The aggregate amount of the Excess Availability of Borrowers shall at all times be equal to or greater than the greater of (a) an amount equal to ten (10%) percent of the Total Borrowing Base and (b) $80,000,00010,000,000.
Appears in 2 contracts
Sources: Loan and Security Agreement (Spartan Stores Inc), Loan and Security Agreement (Spartan Stores Inc)
Minimum Excess Availability. The aggregate amount of the Excess Availability of Borrowers shall at all times be equal to or greater than the greater of (a) an amount equal to ten (10%) percent of the Total Borrowing Base and (b) $80,000,0001,000,000.
Appears in 1 contract
Sources: Loan and Security Agreement (Universal Automotive Industries Inc /De/)
Minimum Excess Availability. The aggregate amount of the Excess Availability (without giving effect to Qualified Cash) of Borrowers shall at all times be equal to or greater than the greater of (a) an amount equal to ten (10%) percent of the Total Borrowing Base and (b) $80,000,000Base.
Appears in 1 contract