Common use of Reduction in Availability Clause in Contracts

Reduction in Availability. The amount of all outstanding Letters of Credit, when added to the outstanding Advances and Swing Line Loans under Section 2.1 above, must not exceed the Tranche A Commitment.

Appears in 1 contract

Sources: Long Term Revolving Credit Agreement (Ag-Chem Equipment Co Inc)

Reduction in Availability. The amount of all outstanding Letters of Credit, when added to the outstanding Advances and Swing Line Loans under Section 2.1 above, must not exceed the Tranche Tranch A Commitment.

Appears in 1 contract

Sources: Revolving Credit Agreement (Ag-Chem Equipment Co Inc)