Common use of Suppressed Availability Clause in Contracts

Suppressed Availability. Borrower shall maintain Suppressed ----------------------- Availability in an amount of at least $5,000,000 at all times." (c) Section 5 is amended by inserting the following new subsection immediately after subsection 5.16;

Appears in 1 contract

Sources: Loan and Security Agreement (Tower Air Inc)

Suppressed Availability. Borrower shall maintain ----------------------- Suppressed ----------------------- Availability in an amount of at least $5,000,000 at all times." (cd) Section 5 6 is amended by deleting subsection 6.1 in its entirety, effective as of January 1, 1998, and inserting the following new subsection immediately after subsection 5.16;in lieu thereof:

Appears in 1 contract

Sources: Loan and Security Agreement (Tower Air Inc)

Suppressed Availability. Borrower shall maintain ----------------------------- Suppressed ----------------------- Availability in an amount of at least $5,000,000 7,000,000 at all times." (cb) Section 5 6 is amended by deleting subsection 6.1 (B) in its entirety, and inserting the following new subsection immediately after subsection 5.16;in lieu thereof; "Borrower shall maintain Tangible Net Worth equal to at least $47,500,000 from August 1, 1998 through August 1, 1998, and $55,000,000 on August 31, 1998 and at all times thereafter."

Appears in 1 contract

Sources: Loan and Security Agreement (Tower Air Inc)