Availability Block definition

Availability Block means $15,000,000.

Availability Block means $5,000,000.

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

Examples of Availability Block in a sentence

Borrowing Base: on any date of determination, an amount equal to the lesser of (a) the aggregate amount of Revolver Commitments, minus the LC Reserve, minus the Availability Block; or (b) the sum of the Accounts Formula Amount, plus the Inventory Formula Amount, minus the Availability Reserve.
Availability: (i) the Borrowing Base minus (ii) the principal balance of all Revolver Loans minus (iii) the Availability Block.
Availability Block: an amount equal to the aggregate amount of Debt and Foreign Bank Product Debt made available to any Foreign Subsidiary (whether or not such Debt is outstanding) by Bank of America, N.A., JPMorgan Chase Bank, N.A. or any of their Affiliates.
Upon giving effect to the Transactions on the Restatement Effective Date as well as any payables stretched beyond their customary payment practices, ABL Availability shall be at least $10,000,000 (after giving effect to the Availability Block).
In addition to the minimum availability requirements set out above, each employee who is enrolled in a secondary school shall be available for Availability Block I on each professional development day that is observed by the secondary school in which the employee is enrolled.

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 $25,000,000.”

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 $3,000,000.

Availability Block means the amount set forth in Section 1(f) of Annex I hereto.

Availability Block means $2,500,000.

Availability Block as set forth in Section 1.1 of the Loan Agreement is amended and restated in its entirety, as follows: