Common use of Suppressed Availability Clause in Contracts

Suppressed Availability. Borrower shall maintain ----------------------------- Suppressed Availability in an amount of at least $7,000,000 at all times." (b) Section 6 is amended by deleting subsection 6.1 (B) in its entirety, and inserting the following in lieu thereof; "Borrower shall maintain Tangible Net Worth equal to at least $47,500,000 from August 1, 1998 through August 1, 1998, and $55,000,000 on August 31, 1998 and at all times thereafter."

Appears in 1 contract

Sources: Loan and Security Agreement (Tower Air Inc)

Suppressed Availability. Borrower shall maintain ----------------------------- ----------------------- Suppressed Availability in an amount of at least $7,000,000 5,000,000 at all times." (bd) Section 6 is amended by deleting subsection 6.1 (B) in its entirety, effective as of January 1, 1998, and inserting the following in lieu thereof; "Borrower shall maintain Tangible Net Worth equal to at least $47,500,000 from August 1, 1998 through August 1, 1998, and $55,000,000 on August 31, 1998 and at all times thereafter.":

Appears in 1 contract

Sources: Loan and Security Agreement (Tower Air Inc)