Common use of Undrawn Availability Clause in Contracts

Undrawn Availability. After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least three million dollars ($3,000,000), as evidenced by a Borrowing Base Certificate;

Appears in 2 contracts

Sources: Revolving Credit and Term Loan Agreement (Richton International Corp), Revolving Credit, Term Loan and Security Agreement (Richton International Corp)

Undrawn Availability. After giving effect to the initial Advances hereunder, Borrowers Borrower shall have Undrawn Availability of at least three million dollars ($3,000,000), as evidenced by a Borrowing Base Certificate;Certificate executed by Borrower; and

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Swank Inc)

Undrawn Availability. After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least three million dollars Three Million Dollars ($3,000,000), as evidenced by a Borrowing Base Certificate;

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Emtec Inc/Nj)