Common use of MINIMUM DAY ONE AVAILABILITY Clause in Contracts

MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit; all then held checks (if any); accounts payable which are overdue by more than Fifteen (15) days beyond credit terms then accorded the Borrower; overdrafts; any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby; and L/C's to be issued at, or immediately subsequent to, such establishment, Availability shall not be less than $14,000,000.

MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit; , all then held checks (if any); , accounts payable which are overdue by more than Fifteen (15) days beyond credit terms then accorded the Borrower; , overdrafts; , any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby; and L/C's ’s to be issued at, or immediately subsequent to, such establishment, Excess Availability shall not be less than $14,000,0003,000,000.

MINIMUM DAY ONE AVAILABILITY. After giving effect to the first funding under the Revolving Credit; , all then held checks (if any); , accounts payable which are overdue by more than Fifteen (15) days beyond credit terms then accorded the Borrower; , overdrafts; , any charges to the Loan Account made in connection with the establishment of the credit facility contemplated hereby; and L/C's to be issued at, or immediately subsequent to, such establishment, Availability shall not be less than $14,000,00015,000,000.