Availability Block definition

Availability Block means an amount equal to $10,000,000.
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.
Availability Block means $5,000,000.

Examples of Availability Block in a sentence

  • Notwithstanding the foregoing, (i) the aggregate amount of all Protective Advances outstanding at any time shall not exceed an amount equal to ten percent (10%) of the Maximum Revolving Facility Amount (without giving effect to any Reserves or Availability Block established against the Maximum Revolving Facility Amount) and (ii) after giving effect to any such Protective Advances, the outstanding balance of all Revolving Loans will not exceed the Maximum Revolving Facility Amount.

More Definitions of Availability Block

Availability Block means the amount set forth in Section 1(f) of Annex I hereto.
Availability Block means $15,000,000.
Availability Block means $25,000,000.
Availability Block as set forth in Section 1.1 of the Loan Agreement is amended and restated in its entirety, as follows:
Availability Block. (a) $6,250,000 so long as any Permitted MSD Indebtedness is outstanding or MSD has any commitment to extend credit resulting in the incurrence of Permitted MSD Indebtedness and (b) otherwise, $0; provided, the Availability Block set forth in clause (a) shall automatically be reduced dollar-for-dollar (but in any event the Availability Block will never be less than $0) by the aggregate amount of all payments of principal of Permitted MSD Indebtedness. Amended and Restated Credit Agreement
Availability Block means, during any Fiscal Quarter, the following amount, calculated as of the last day of each Fiscal Quarter, for the period of four (4) Fiscal Quarters then ended:
Availability Block means $10,000,000.