Adjusted Availability Triggering Event

Adjusted Availability Triggering Event. Shall occur at any time that (a) Excess Availability is less than the greater of (i) 15.0% of the Line Cap at such time or (ii) $25 million for five (5) consecutive Business Days or (b) an Event of Default shall have occurred and be continuing. Once occurred, an Adjusted Availability Triggering Event described in clause (a) shall be deemed to be continuing until such time as the Excess Availability is greater than the greater of (i) 15.0% of the Line Cap at such time or (ii) $25 million for... thirty (30) consecutive days, and an Adjusted Availability Triggering Event described in clause (b) shall be deemed to be continuing until no Event of Default shall be continuing. View More