Subsequent Term Maximum Availability definition

Subsequent Term Maximum Availability means Six Million Seven Hundred Thousand Dollars ($6,700,000) (exclusive of Capitalized Obligations incurred by the Borrowers prior to, on or following the Amendment No. 1 Effective Date).”
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Subsequent Term Maximum Availability means $2,000,000.
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Subsequent Term Maximum Availability means Four Million Dollars ($4,000,000) (exclusive of Capitalized Obligations incurred by the Borrowers prior to, on or following the Amendment No. 1 Effective Date).”
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Examples of Subsequent Term Maximum Availability in a sentence

  • Such Closing Fee shall be in addition to any other amounts the Borrowers may owe to the Purchaser or its Affiliates from time to time under any Investment Document or any other agreement or arrangement, and shall not reduce the Initial Term Maximum Availability or the Subsequent Term Maximum Availability.

  • In no event during the Subsequent Term, if any, shall (a) the Administrative Borrower request an Advance for any item(s) other than in accordance with the Subsequent Approved Budget, (b) the Administrative Borrower request any Advances more frequently than on the first day of the Subsequent Term and each two week anniversary thereof and (c) the aggregate amount of Advances under the Note made during the Subsequent Term exceed the Subsequent Term Maximum Availability.


More Definitions of Subsequent Term Maximum Availability

Subsequent Term Maximum Availability means Five Million Dollars ($5,000,000) (exclusive of Capitalized Obligations incurred by the Borrowers prior to, on or following the Amendment No. 1 Effective Date).”
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Related to Subsequent Term Maximum Availability

  • Maximum Availability has the meaning set forth in Section 2.1.1.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of:

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.