Extended Minimum Availability Amount

Extended Minimum Availability Amount. Means (a) $752,000,000 less (b) the aggregate amount of commitments of the Initial Senior Lenders (as defined in the Summit Commitment Letter) with respect to the Acquisition Term Loans (as defined in the Summit Commitment Letter) terminated or reduced prior to, but for the avoidance of doubt not on, October 27, 2020 under the terms of the Summit Commitment Letter without being funded (other than as a result of a Borrowing of Revolving Credit Loans hereunder) less (c) the aggregate principal... amount in excess of $600,000,000 of debt securities issued in lieu of all or a portion of Acquisition Term Loans (as defined in the Summit Commitment Letter) for the purpose of consummating the eNett/Optal Acquisition; provided that the Extended Minimum Availability Amount shall be reduced to $0 on April 23, 2021 if not previously so reduced. View More