Applicable Minimum Excess Availability Amount definition
Applicable Minimum Excess Availability Amount means on any date (i) from the Closing Date until the date that is six months after the Closing Date, $5.0 million, (ii) following the date that is six months after the Closing Date until the date that is twelve months after the Closing Date, $7.5 million and (iii) following the date that is twelve months after the Closing Date, $10.0 million.
Examples of Applicable Minimum Excess Availability Amount in a sentence
Permit Excess Availability, as of the close of any Business Day, to be less than the Applicable Minimum Excess Availability Amount.