Common use of Closing Date Availability Clause in Contracts

Closing Date Availability. After giving effect to the consummation of the transactions contemplated herein on the Closing Date (including, without limitation, the Recapitalization and the borrowings of Loans on the Closing Date) and the payment by Borrower of all costs, fees and expenses relating thereto, Availability on the Closing Date shall be no less than $55,000,000.

Appears in 2 contracts

Sources: Loan and Security Agreement (Chief Auto Parts Inc), Loan and Security Agreement (Chief Auto Parts Inc)

Closing Date Availability. After giving effect to the consummation of the transactions contemplated herein hereunder on the Closing Date (including, without limitation, the Recapitalization and the borrowings of Loans on the Closing Date) and the payment by Borrower Borrowers of all costs, fees and expenses relating thereto, Undrawn Availability on as of the Closing Date shall not be no less than $55,000,000.

Appears in 1 contract

Sources: Loan Agreement (ReFinance America, LTD)