Common use of Excess Availability Clause in Contracts

Excess Availability. Permit Excess Availability at any time to be less than the greater of (i) ten percent (10%) of the Combined Loan Caps (calculated without giving effect to the Term Loan Reserve) and (ii) $7,000,000.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Destination Maternity Corp)

AutoNDA by SimpleDocs

Excess Availability. Permit Excess Availability at any time to be less than the greater of (i) ten percent (10%) of the Combined Loan Caps Cap, or permit Availability at any time to be less than(ii) Five Million Five Hundred Thousand Dollars (calculated without giving effect to the Term Loan Reserve) and (ii) $7,000,0005,500,000).225,000,000).

Appears in 1 contract

Samples: Credit Agreement (Sportsman's Warehouse Holdings, Inc.)

Excess Availability. Permit Excess Availability at any time to be less than the greater of (i) ten percent (10%) of the Combined Loan Caps (calculated without giving effect to the Term Loan Reserve) and (ii) $7,000,00010,000,000.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Destination Maternity Corp)

Excess Availability. Permit Excess Availability at any time to be less than the greater of (i) ten percent (10%) of the Combined Loan Caps Cap (calculated without giving effect to the Term Loan Reserve) and (ii) $7,000,0005,000,000.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Destination Maternity Corp)

AutoNDA by SimpleDocs

Excess Availability. Permit Excess Availability at any time to be less than the greater of (ia) ten percent $10,000,000 or (b) 10%) % of the Combined Revolving Loan Caps Cap (calculated without giving effect to the Real Estate Term Loan Reserve or the Term Loan Reserve) and (ii) $7,000,000plus 10% of the Outstanding Amount of the Real Estate Term Loan plus 10% of the Outstanding Amount of the Term Loan.

Appears in 1 contract

Samples: Credit Agreement (Alco Stores Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.