Common use of Availability Requirements Clause in Contracts

Availability Requirements. Notwithstanding anything to the contrary contained herein, if Availability (without giving effect to any other adjustment or threshold, including, without limitation, the requirements of Section 7.03(c)) would be less than $10,000,000 immediately after giving effect to any prepayment of the B-Loans pursuant to Section 2.05(d)(ii), Section 2.05(d)(iii), Section 2.05(d)(iv) or Section 2.05(d)(v), no such prepayment of the B-Loans shall be made and such amounts shall be applied to the repayment of the Revolving A Loans. Concurrently with such repayment of the Revolving A Loans, the Administrative Agent shall establish and maintain a corresponding reserve against both the Borrowing Base and the Total Revolving A Credit Commitment in an amount equal to the amount that would have otherwise been applied as a prepayment of the B-Loans, and the B-Loans may be prepaid by such amount at such time and from time to time if no Event of Default would exist and Availability (calculated without giving effect to these reserves or any other adjustment or threshold, including, without limitation, the requirements of Section 7.03(c)) would exceed $10,000,000 immediately after giving effect to such prepayment of the B-Loan by such amount and the corresponding reserve established pursuant to the first sentence of this Section 2.05(f) against both the Borrowing Base and the Total Revolving A Credit Commitment shall be released in an amount equal to such prepayment at such time and from time to time as each such prepayment is made.