TORRES PAYMENT AVAILABILITY

TORRES PAYMENT AVAILABILITY. Shall mean, as to Borrowers, the US Dollar Equivalent of the amount as determined by Lender, calculated at any time, equal to: (a) the lesser of (i) the amount of the Revolving Loans available to Borrowers as of such time based on the applicable lending formulas multiplied by the Net Amount of Eligible Accounts and the Value of Eligible Inventory and subject to the sublimits and Availability Reserves from time to time established by Lender hereunder and (ii) the Revolving Loan Limit, MINUS (b)... the sum of the amount of all then outstanding and unpaid Obligations of Borrowers. View More