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Availability
Availability contract clause examples

Availability: has the meaning assigned thereto in the Revolver Loan Agreement.

Availability. Subject to the terms and conditions of this Agreement and to deduction of Reserves, Bank shall make Advances not exceeding the Availability Amount. Amounts borrowed under the Revolving Line may be repaid and, prior to the Revolving Line Maturity Date, reborrowed, subject to the applicable terms and conditions precedent herein.

Availability shall have the meaning assigned to that term in Section 7.2.7(v).

Availability. Subject to the terms and conditions of this Agreement, Bank agrees to make to Borrowers an advance on the Closing Date in principal amount equal to Forty Million Dollars ($40,000,000) (the “Term Loan”). Bank’s obligation to lend hereunder shall terminate upon the making of the Term Loan on the Closing Date. Borrowers shall use the proceeds of the Term Loan for working capital and general corporate purposes and to repay existing outstanding Indebtedness of Borrower Representative owing to Western Alliance Bank and Perceptive Credit Holdings II, L.P. Once repaid, the Term Loan may not be reborrowed.

Availability. Subject to the terms and conditions of this Agreement, on the Effective Date, Bank shall make one (1) term loan advance available to Borrower in an aggregate original principal amount equal to Ten Million Dollars ($10,000,000) (the “Term Loan”). After repayment, the Term Loan (or any portion thereof) may not be reborrowed.

Availability: as of any date of determination, the sum of the U.S. Availability plus the Canadian Availability.

Availability. Subject to the terms and conditions of this Agreement, Bank agrees to make one (1) advance to Borrower (the “Supplemental Growth Capital Advance”) on or about the Second Amendment Date, in an aggregate amount equal to the Supplemental Growth Capital Loan Commitment, which amounts shall be used by

Availability. Subject to the terms and conditions of this Agreement, Bank agrees to make to Borrowers Advances from time to time in an aggregate amount outstanding not to exceed the Availability Amount. To request an Advance, Borrower Representative shall submit a Loan Request by email not later than 1:00 p.m., Toronto, Ontario time, two (2) Business Days before the proposed Funding Date. Advances shall be made no more frequently than three times per month and in increments of $100,000. Borrowers shall provide at least one (1) Business Day prior written notice before repaying any principal amount of outstanding Advances. Advances may be borrowed, repaid and reborrowed in accordance with the terms of this Agreement.

Availability” means, as of any date of determination thereof by the Administrative Agent, the result, if a positive number, of:

Availability” means, at any time, an amount equal to (a) the aggregate Revolving Commitment of all Revolving Lenders at such time then in effect, minus (b) the Aggregate Revolving Exposure of all Revolving Lenders at such time.

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