Common use of Undrawn Availability Clause in Contracts

Undrawn Availability. After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability (after payment of all fees and transaction expenses in connection with the Loan Documents, and subtraction of all trade payables aged beyond 60 days past due) of at least $5,500,000; and

Undrawn Availability. After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability (after payment of all fees and transaction expenses in connection with the Loan Documents, and subtraction of all trade payables aged beyond 60 days past due) of at least $5,500,000; and4,000,000, after deducting all closing fees and expenses and subtracting all trade payables of 60 days or more past due. This Undrawn Availability shall be evidenced by a Borrowing Base Certificate, in form and substance reasonably satisfactory to the Agent;

Undrawn Availability. After giving effect to the initial Advances hereunderhereunder and all closing costs, fees and expenses, the Borrowers shall have Undrawn Availability of at least $15,000,000, after (after i) payment of all fees and transaction expenses incurred in connection with the Loan Documents, credit transaction and (ii) subtraction of all trade payables aged beyond 60 days or more past due) of at least $5,500,000; and;