Common use of Unused Availability Clause in Contracts

Unused Availability. The Borrower shall not permit Unused Availability (as reflected in the Borrowing Base Certificate most recently delivered from time to time hereunder) to be less than the Required Available Amount at any time that the most recently delivered quarterly Financial Statements show the Interest Coverage Ratio was greater than or equal to 1.25 to 1.00 for the four consecutive fiscal quarters ended on the date of such Financial Statements, and the Borrower shall not permit Unused Availability (as reflected on the Borrowing Base Certificate most recently delivered from time to time hereunder) to be less than $25,000,000 at any time that the most recently delivered quarterly Financial Statements show the Interest Coverage Ratio was less than 1.25 to 1.00 for the four consecutive fiscal quarters ended on the date of such Financial Statements.

Unused Availability. The Borrower shall not permit Unused Availability (as reflected in the Borrowing Base Certificate most recently delivered from time to time hereunder) to be less than the Required Available Amount $15,000,000 at any time that the most recently delivered quarterly Financial Statements show the Interest Coverage Ratio was greater than or equal to 1.25 to 1.00 for the four consecutive fiscal quarters ended on the date of such Financial Statements, and the Borrower shall not permit Unused Availability (as reflected on the Borrowing Base Certificate most recently delivered from time to time hereunder) to be less than $25,000,000 at any time that the most recently delivered quarterly Financial Statements show the Interest Coverage Ratio was less than 1.25 to 1.00 for the four consecutive fiscal quarters ended on the date of such Financial Statements.