Closing Excess Availability. After giving effect to all Borrowings to be made on the Effective Date, the issuance of any Letters of Credit on the Effective Date and the payment of all fees and expenses due hereunder, and with all of the Loan Parties’ indebtedness, liabilities, and obligations current, Excess Availability shall not be less than $60,000,000.
Appears in 2 contracts
Sources: Credit Agreement (Cricut, Inc.), Credit Agreement (Cricut, Inc.)
Closing Excess Availability. After giving effect to all Borrowings to be made on the Effective Date, the issuance of any Letters of Credit on the Effective Date and the payment of all fees and expenses due hereunder, and with all of the Loan Parties’ indebtedness, liabilities, and obligations current, Excess Availability shall not be less than $60,000,00010,000,000.
Appears in 1 contract
Sources: Credit Agreement (Nautilus, Inc.)
Closing Excess Availability. After giving effect to all Borrowings to be made on the Effective Date, Date and the issuance of any Letters of Credit on the Effective Date and the payment of all fees and expenses due hereunder, and with all of the Loan Parties’ indebtedness, liabilities, and obligations currentDate, Excess Availability shall be not be less than $60,000,000300,000,000.
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