Compliance Period

Example Definitions of "Compliance Period"
Compliance Period. The period commencing on any date on which Excess Availability has been less than the greater of (A) $30,000,000 or (B) the amount equal to fifteen (15%) percent of the lesser of (1) the Borrowing Base or (2) the Revolving Loan Limit, and ending on a subsequent date on which Excess Availability has been equal to or greater than the greater of (C) $40,000,000 or (D) the amount equal to fifteen (15%) percent of the lesser of (1) the Borrowing Base or (2) the Revolving Loan Limit, for the sixtieth... (60th) consecutive day. View More
Compliance Period. Shall mean the period commencing on the date on which Excess Availability is less than or equal to 12.5% of the Maximum Credit and ending on the date on which Excess Availability has been greater than 12.5% of the Maximum Credit for any forty five (45) consecutive day period thereafter.
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