Common use of Closing Date Availability Clause in Contracts

Closing Date Availability. After giving effect to the consummation of the transactions contemplated hereunder on the Closing Date and the payment by Borrowers of all costs, fees and expenses relating thereto, the Maximum Revolving Loan Amount on the Closing Date shall exceed the principal balance of the Revolving Loans by at least $1,500,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Editek Inc)

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Closing Date Availability. After giving effect to the consummation of the transactions contemplated hereunder on the Closing Date and the payment by Borrowers Borrower of all costs, fees and expenses relating thereto, the Maximum Revolving Loan Amount on the Closing Date shall exceed the principal balance sum of the Swingline Loan and the Revolving Loans Loan by at least $1,500,00020,000,000.00.

Appears in 1 contract

Samples: Loan and Security Agreement (Banctec Inc)

Closing Date Availability. After giving effect to the consummation of the transactions contemplated hereunder on the Closing Date and the payment by Borrowers Borrower of all costs, fees and expenses relating thereto, the Maximum Revolving Loan Amount on the Closing Date shall exceed the principal balance of Revolving Loan plus the Revolving Loans Interest Reserve by at least $1,500,0002,000,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Continental Information Systems Corp)

Closing Date Availability. After giving effect to the consummation of the transactions contemplated hereunder on the Closing Date and the payment by Borrowers of all costs, fees and expenses relating thereto, the Maximum Revolving Loan Amount on the Closing Date shall exceed the principal balance Revolving Loan plus the Letter of the Revolving Loans Credit Reserve by at least $1,500,00012,000,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Comforce Corp)

Closing Date Availability. After giving effect to the consummation of the transactions contemplated hereunder on the Closing Date and the payment by Borrowers of all costs, fees and expenses relating thereto, the Maximum Revolving Loan Amount on the Closing Date shall exceed the principal balance of the Revolving Loans Loan by at least $1,500,000.25,000,000

Appears in 1 contract

Samples: Loan and Security Agreement (Sun Healthcare Group Inc)

Closing Date Availability. After giving effect to the consummation of the transactions contemplated hereunder on the Closing Date closing date and the payment by Borrowers Borrower of all costs, fees and expenses relating thereto, the Maximum Revolving Loan Amount on the Closing Date closing date shall exceed the principal balance of the requests for Revolving Loans Advances on such date by at least $1,500,000170,000.00.

Appears in 1 contract

Samples: Loan and Security Agreement (Greenman Technologies Inc)

Closing Date Availability. After giving effect to the consummation of the transactions contemplated hereunder on the Closing Date and the payment by Borrowers Borrower of all costs, fees and expenses relating thereto, the Maximum Revolving Loan Amount on the Closing Date shall exceed the principal balance of the Revolving Loans plus the Letter of Credit Reserve by at least $1,500,0001,000,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Sun Sportswear Inc)

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Closing Date Availability. After giving effect to the consummation of the transactions contemplated hereunder on the Closing Date and the payment by Borrowers Borrower of all costs, fees and expenses relating thereto, the Maximum Revolving Loan Amount on the Closing Date shall exceed the principal balance of the Revolving Loans Loan by at least $1,500,0002,000,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Belding Heminway Co Inc /De/)

Closing Date Availability. After giving effect to the consummation of the transactions contemplated hereunder on the Closing Date and the payment by Borrowers of all costs, fees and expenses relating thereto, the Maximum Revolving Loan Amount on the Closing Date shall exceed the principal balance Revolving Loan plus the Letter of the Revolving Loans Credit Liability by at least $1,500,0002,000,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Gse Systems Inc)

Closing Date Availability. After giving effect to the consummation of the transactions contemplated hereunder on the Closing Date and the payment by Borrowers of all costs, fees and expenses relating thereto, the Maximum Revolving Loan Amount on the Closing Date shall exceed the principal balance of the Revolving Loans Loan by at least $1,500,00020,000,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Sun Healthcare Group Inc)

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