“Undrawn Availability” at a particular date shall mean an amount equal to (a) (I) during a Borrowing Base Period, the lesser of # the Formula Amount or # the Maximum Revolving Advance Amount minus the Maximum Undrawn Amount of all outstanding Letters of Credit and # at all other times, the Maximum Revolving Advance Amount minus the Maximum Undrawn Amount of all outstanding Letters of Credit, minus # the sum of # the outstanding amount of Advances, plus # all amounts due and owing to any Borrower’s trade creditors

“Undrawn Availability” at a particular date shall mean an amount equal to # the lesser of # the Formula Amount, or # the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus # the sum of # the outstanding amount of Revolving Advances, plus # amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.