Common use of Additional Availability Clause in Contracts

Additional Availability. After giving effect to all Revolving Credit Loans made on the Effective Date and the Letters of Credit issued on such date, (i) the aggregate Availability shall not be less than $10,000,000, and (ii) all liabilities of the Borrower shall be current. The Borrower shall deliver to the Agent a certificate of the chief financial officer of the Borrower certifying as to the matters set forth in clauses (i) and (ii) of this Section 5.01(i) and containing the calculations thereof.

Appears in 1 contract

Sources: Revolving Credit Agreement (Alon USA Energy, Inc.)

Additional Availability. After giving effect to all Revolving Credit Loans made on the Effective Date and Date, the Letters of Credit issued on such datedate and all Existing Letters of Credit, (i) the aggregate Availability shall not be less than $10,000,000, 5,000,000 and (ii) all liabilities of the Borrower Borrowers shall be current. The Borrower Borrowers shall deliver to the Agent a certificate of the chief financial officer and the chief operating officer of each of the Borrower Borrowers certifying as to the matters set forth in clauses (i) and (ii) of this Section 5.01(i) above and containing the calculations thereof.

Appears in 1 contract

Sources: Financing Agreement (Aris Industries Inc)