Minimum Quarterly Availability

Minimum Quarterly Availability. The US Borrower agrees that on the last day of each fiscal quarter ending during any period set forth below (a "Compliance Date") there shall be at least the Minimum Availability under the Revolving Credit Commitments set forth below for such day: Period Minimum Availability ------ -------------------- ... January 1, 2001 through March 31, 2001 $15,000,000 April 1, 2001 through September 30, 2001 $10,000,000 October 1, 2001 through March 31, 2002 $15,000,000 April 1, 2002 through September 30, 2002 $10,000,000 October 1, 2002 through December 31, 2002 $15,000,000 The failure of the US Borrower to maintain the Minimum Availability set forth above for any Compliance Date shall not constitute a Default or Event of Default if the US Borrower causes such Minimum Availability to be achieved within five Business Days of such Compliance Date. As used herein, "Minimum Availability" shall mean the sum of the Available Revolving Credit Commitments under the Revolving Credit Commitments. View More