Availability Block definition

Availability Block means $15,000,000.
Availability Block means $5,000,000.
Availability Block means an amount equal to $3,000,000 or such other greater amount established from time to time by the Agent in its Permitted Discretion.

Examples of Availability Block in a sentence

  • ABL Representative shall impose and maintain the Availability Block at all times; provided, however, that nothing herein shall limit or otherwise restrict the ability of the ABL Representative and the other ABL Secured Parties from making Protective Advances in compliance with clause (a)(ii)(B) of the definition of ABL Debt Cap.

  • Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, to make Revolving Loans to Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in such Lender’s Revolving Credit Exposure exceeding $9,500,000, representing the Commitment minus the Availability Block.

  • The amount of such Borrowing shall not exceed the lesser of (i) Total Credit Facility Amount less the aggregate amount of Loans outstanding, in each case as of the proposed date of the borrowing, (ii) the net cash needs set forth in the most recently delivered Cash Flow Projections provided to the Lender, and (iii) the Total Credit Facility Amount times the applicable Availability Block, in each case as of the proposed date of the borrowing.


More Definitions of Availability Block

Availability Block means $3,500,000.
Availability Block means an amount equal to $1,500,000.
Availability Block means the amount set forth in Section 1(f) of Annex I hereto.
Availability Block means, (a) at all times prior to the expiration of the Xxxxxxx Pre-Title Policy Period, an amount equal to the greater of (i)(x) $401,250, minus (y) the aggregate amount of principal payments made in respect of the Term Loan, and (ii) $0 and (b) at all times after the expiration of the Xxxxxxx Pre-Title Policy Period, $0.
Availability Block means an amount equal to $10,000,000.
Availability Block as set forth in Section 1.1 of the Loan Agreement is amended and restated in its entirety, as follows:
Availability Block means $10,000,000.