Minimum Borrowing Base Availability Sample Clauses

Minimum Borrowing Base Availability. Permit Borrowing Base Availability to be less than $10,000,000.00 at any time on or after April 30, 2009.
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Minimum Borrowing Base Availability. Allow Borrowing Base Availability to be less than $3,000,000 for more than three (3) consecutive Business Days during the Term hereof.
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Minimum Borrowing Base Availability. Section 4.16 of the Credit Agreement is hereby amended by deleting the date "May 31" in the first sentence thereof and replacing it with "July 15".
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Minimum Borrowing Base Availability. Permit the Borrowing Base Availability to be less than $25,000,000.00 at any time during the period in which the Bridge Loan is outstanding.
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Minimum Borrowing Base Availability. Except during the period between January 28 through May 31 of each fiscal year, the difference between the Borrowing Base and the Aggregate Revolver Outstandings shall at all times exceed $5,000,000. Notwithstanding the foregoing, during the period between the Closing Date and January 28, 2001, the difference between the Borrowing Base and the Aggregate Revolver Outstandings shall at all times exceed $9,000,000.
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Minimum Borrowing Base Availability. In the event the Liquidity Amount is at any time less than $200,000,000, the Borrowers will maintain Borrowing Base Availability of not less than $20,000,000.
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Minimum Borrowing Base Availability. Maintain Borrowing Base Availability that, at all times after the Interim Borrowing Period, is equal to or in excess of the Aggregate Outstanding Credit Exposure.
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Minimum Borrowing Base Availability. Holdings and Borrowers shall not at any time permit the Borrowing Base Availability to be less than $10,000,000 in any thirty (30) day period for more than two consecutive Business Days; provided, however, that the Borrowing Base Availability shall not be less than $10,000,000 for two or more non-consecutive Business Days in any thirty (30) day period; provided, further, that if the Minimum Borrowing Base is less than $10,000,000 on any date, it shall automatically constitute a Potential Event of Default.
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Related to Minimum Borrowing Base Availability

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

  • Minimum Borrowing Amount The aggregate principal amount of each Borrowing by the Borrower shall not be less than the Minimum Borrowing Amount.

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • Excess Availability Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from July 25, 2016 through and including August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from August 30, 2016 through and including September 6, 2016, $13,000,000, (ii) as of any date of determination during the period from September 7, 2016 through and including October 2, 2016, $17,500,000, and (iii) as of any date of determination during the period from October 3, 2016 through and including December 31, 2016, $20,000,000.

  • Minimum Borrowing Amounts Each Borrowing of Base Rate Loans and Eurodollar Loans shall be in an amount not less than (i) if such Borrowing is comprised of a Borrowing of Base Rate Loans, $1,000,000 and integral multiples of $500,000 in excess thereof, and (ii) if such Borrowing is comprised of a Borrowing of Eurodollar Loans, $2,000,000 and integral multiples of $1,000,000 in excess thereof.

  • Minimum Borrowing Amounts; Maximum Eurodollar Loans Each Borrowing of Base Rate Loans advanced under the applicable Facility shall be in an amount not less than $1.0 million or such greater amount that is an integral multiple of $1.0 million. Each Borrowing of Eurodollar Loans advanced, continued or converted under the applicable Facility shall be in an amount equal to $1.0 million or such greater amount that is an integral multiple of $1.0 million. Without the Administrative Agent’s consent, there shall not be more than fifteen (15) Borrowings of Eurodollar Loans outstanding at any one time.

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.

  • Funding Availability This Contract is at all times subject to state appropriations. The Department makes no express or implied representation or guarantee of continued or future funding under this Contract. The Department has, as of the date of the execution of this Contract, obtained all requisite approvals and authority to enter into and perform its obligations under this Contract, including, without limitation, the obligation to make the initial payment or payments required to be made under this Contract on the date or dates upon which such initial payment or payments may otherwise be disbursed during the current contract period, (i.e., Sept ember 1, 2015, through August 31, 2017). The Grantee acknowledges the Department’s authority to make such payments is contingent upon the Texas Legislature's appropriation to the Department of sufficient funds and the availability of funds to the Department for such purpose. If the State of Texas or the federal government terminates its appropriation through the Department or fails to pay the full amount of the allocation for the operation of any grant or reimbursement program hereunder , or the funds are otherwise unavailable, the Department may immediately and without penalty reduce payments or terminate this Contract, in whole or in part. Upon termination of the Contract or reduction of payments, the Grantee shall return to the Department any unexpended funds already disbursed to the Grantee. Neither the Department nor the State of Texas shall incur liability for damages or any loss that may be caused or associated with such termination or reduction of payments. The Department shall not be required to give prior notice for termination or reduction of payments.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • RDDS availability Refers to the ability of all the RDDS services for the TLD, to respond to queries from an Internet user with appropriate data from the relevant Registry System. If 51% or more of the RDDS testing probes see any of the RDDS services as unavailable during a given time, the RDDS will be considered unavailable.

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