Examples of Minimum Excess Availability in a sentence
Borrowers shall not permit Excess Availability at any time to be less than the Minimum Excess Availability Amount, unless as of the last day of the most recent month for which the monthly financial statements of Borrowers and the related Compliance Certificate have been or are required to have been delivered to Agent pursuant to Section 7.15, the Fixed Charge Coverage Ratio for the twelve consecutive calendar month period then ended is greater than 1.05 to 1.00.
Field Exams, Appraisals; Receipt of Borrowing Base Certificate; Projections; Minimum Excess Availability .
Wuhan Zhanchi contributed revenue of approximately RMB1,457,000 and profit of RMB289,000 in the period between the date of acquisition and 30 June 2016.
A breach of the Minimum Excess Availability Requirement can be cured in accordance with Section 17(g) below.
If the lease involves more than one lessee, the required disclosures should be given to any lessee who is primarily liable.AdvertisingAdvertisements concerning consumer leases must also comply with certain disclosure requirements.