Definition of Term Loan Availability

  1. Term Loan Availability means the lesser of (a) $15,000,000 and (b) the Term Loan Borrowing Base.

Examples of Term Loan Availability in a sentence

  1. Any Tranche A Term Loans that are outstanding on the Tranche A Term Loan Availability End Date shall be payable in 36 equal monthly installments of principal, plus all accrued interest, beginning on September 7, 2013, and continuing on the same day of each month thereafter through the Term Loan Maturity Date, at which time all amounts due in connection with the Tranche A Term Loans and any other amounts due under this Agreement shall be immediately due and payable.

Definition of Term Loan Availability in Second Amended and Restated Credit Agreement

Term Loan Availability means the lesser of (a) $15,000,000 and (b) the Term Loan Borrowing Base.