Minimum Availability. Borrower, at all times, shall maintain availability of not less than $300,000. "Availability" means $6,000,000 minus (a) the amount of outstanding Revolving Credit Loans, and (b) Reserves (as defined and determined pursuant to Section 1.1.1 of the Loan Agreement).
Appears in 3 contracts
Samples: Seventh Amendment (Brandpartners Group Inc), Brandpartners Group Inc, Brandpartners Group Inc
Minimum Availability. Borrower, at all times, shall maintain availability of not less than $300,000. "Availability" means $6,000,000 minus (a) the amount of outstanding Revolving Credit Loans, Loans and (b) Reserves (as defined and determined pursuant to Section 1.1.1 of the Loan Agreement).
Appears in 2 contracts
Samples: Eighth Amendment (Brandpartners Group Inc), Brandpartners Group Inc
Minimum Availability. Borrower, at all times, shall maintain availability of not less than $300,000450,000. "Availability" means $6,000,000 minus (a) the amount of outstanding Revolving Credit Loans, and (b) Reserves (as defined and determined pursuant to Section 1.1.1 of the Loan Agreement).
Appears in 1 contract
Samples: Third Amendment and Waiver Agreement (Brandpartners Group Inc)
Minimum Availability. Borrower, at all timesfrom November 28, 2003 through January 2, 2004, shall maintain availability of not less than $300,000. "Availability" means shall for that period mean $6,000,000 minus (a) the amount of outstanding Revolving Credit Loans, Loans and (b) Reserves (as defined and determined pursuant to Section 1.1.1 of the Loan Agreement). After January 2, 2004, borrower shall be allowed to borrow up to $2,000,000 minus any outstanding commitment under the $137,000 Fleet Credit Card Line to Borrower ("New Availability").
Appears in 1 contract
Samples: Brandpartners Group Inc
