Availability Block Amount means $4,000,000.
Availability Block Amount means $10,000,000.
Availability Block Amount means $1,250,000.”
More Definitions of Availability Block Amount
Availability Block Amount means (a) at any time the Total Commitment exceeds $40,000,000, the amount by which the Total Commitment at such time exceeds $40,000,000 and (b) at any time when the Total Commitment is $40,000,000 or less, $0.
Availability Block Amount means $500,000; provided that such amount shall be permanently decreased to zero (-0-
Availability Block Amount means $3,000,000.
Availability Block Amount means, as of any date of determination thereof, the sum of the following: (a) an amount equal to 75% of the difference (only if positive) between (i) the aggregate appraised Fair Market Value of all parcels of Qualified Real Estate as set forth in the appraisals delivered to the Agent pursuant to this Agreement and (ii) $5,000,000, plus, (b) the Palm Beach Amount, plus (c) 100% of the aggregate amount of Net Cash Payments received by the Borrowers after the Closing Date from the incurrence of Indebtedness (other than Indebtedness permitted to be incurred under Sections 7.11(a),
Availability Block Amount means, as of the date of any determination thereof, the amount set forth below for the applicable period set forth below: Date of Determination Availability Block Amount The Amendment No. 3 Effective Date - April 21, 2016 $10,000,000 April 22, 2016 - May 19, 2016 $7,500,000 May 20, 2016 - Revolving Credit Maturity Date $10,000,000 ; provided that, in the event all or any portion of the principal of the Sponsor Secured Note Obligations is repurchased, prepaid or otherwise redeemed, paid or satisfied on or prior to the Revolving Credit Maturity Date, the reference to “$10,000,000” set forth above for the period beginning on and including May 20, 2016 through and including the Revolving Credit Maturity Date shall be deemed to be a reference to “$20,000,000”.”
Availability Block Amount means, as of any date of determination thereof, the sum of the following: (a) an amount equal to 75% of the difference (only if positive) between (i) the aggregate appraised Fair Market Value of all parcels of Qualified Real Estate as set forth in the appraisals delivered to the Agent pursuant to this Agreement and (ii) $5,000,000, plus, (b) the Palm Beach Amount, plus (c) 100% of the aggregate amount of Net Cash Payments received by the Borrowers after the Closing Date from the incurrence of Indebtedness (other than Indebtedness permitted to be incurred under Sections 7.11(a), 7.11(b), 7.11(d), and 7.11(g)), plus (d) 50% of the aggregate amount of Net Cash Payments received by the Borrowers after the Closing Date from the issuance of equity securities; provided that unless and until such time as either (i) the Palm Beach Litigation shall be settled or final judgment shall be entered or (ii) the Borrowers shall incur Indebtedness (other than Indebtedness permitted to be incurred under Sections 7.11(a), 7.11(b), 7.11(d), and 7.11(g)) or issue equity securities, the Availability Block Amount shall equal $0.
Availability Block Amount is hereby added to Schedule 1.1 to the Credit Agreement in the appropriate alphabetical position to read in its entirety as follows: