Common use of Opening Availability Clause in Contracts

Opening Availability. Borrower, shall have Borrowing Availability, after giving effect to the initial Revolving Credit Advance made to Borrower, the incurrence of any initial Letter of Credit Obligations and the consummation of the Related Transactions (on a pro forma basis, with trade payables being paid currently, and expenses and liabilities being paid in the ordinary course of business and without acceleration of sales) of at least $20,000,000.

Opening Availability. Borrower, Borrower shall have Net Borrowing Availability, after giving effect to the initial Revolving Credit Advance made to BorrowerAdvance, the incurrence of any initial Letter of Credit Obligations and the consummation of the Related Transactions (on a pro forma basis, with trade payables being paid currently, and expenses and liabilities being paid in the ordinary course of business and without acceleration of sales) of at least $20,000,0007,000,000.

Opening Availability. Borrower, Borrower shall have Borrowing Availability, after giving effect to the initial Revolving Credit Advance made to BorrowerAdvance, the incurrence of any initial Letter of Credit Obligations and the consummation of the Related Transactions (on a pro forma basis, with trade payables being paid currentlycurrently and not more than 60 days past due, and expenses and liabilities being paid in the ordinary course of business and without acceleration of sales) ), plus cash-on-hand and Cash Equivalents, in the aggregate, of at least $20,000,00010,000,000.

Opening Availability. Borrower, Borrower shall have Borrowing -------------------- Availability, after giving effect to the initial Revolving Credit Advance made to BorrowerAdvance, the incurrence of any initial Letter of Credit Obligations and the consummation of the Related Transactions (on a pro forma basis, with trade payables being paid currentlycurrently and not more than 60 days past due, and expenses and liabilities being paid in the ordinary course of business and without acceleration of sales) of at least $20,000,00010,000,000.