Closing Date Availability. After giving effect to each borrowing under the Revolving Loan on the Closing Date and the issuance of any Lender Letter of Credit or Risk Participation Agreement, the Maximum Revolving Loan Amount on the Closing Date shall exceed the principal balance of the Revolving Loan by at least $2,700,000.
Appears in 2 contracts
Sources: Credit Agreement (Lynch Corp), Credit Agreement (Spinnaker Industries Inc)