Less. Ineligibles ________ 10. Gross Eligible Accounts Receivable ________ 11. Less: Dilution Reserve ________ 12. Net Eligible Accounts Receivable ________ 13. Total Availability provided by Accounts Receivable (85% of Net Eligible Accounts Receivable) ________ 14. Gross Raw Material Inventory ________ 15. Less: Raw Material Ineligibles ________ 16. Gross Eligible Raw material Inventory ________ 17. Total Raw Material Inventory Availability (40% of Eligible Raw Material Inventory) ________ 18. Work In Process Inventory ________ 19. Gross Finished Goods Inventory ________ 20. Less: Finished Goods Ineligibles ________ 21. Gross Eligible Finished Goods Inventory ________ 22. Total Finished Goods Inventory (60% of Eligible Finished Goods Inventory) ________ 23. Total Inventory Availability (The lesser of (i) the sum of Line 17 + Line 22 or (ii) 75% of line 13.) ________ 24. Current Mid-Month Borrowing Base ________ 25. Current Commitment $45,000 26. Lesser of Current Mid-Month Borrowing Base or Current Commitment ________ Less: 27. Outstanding Revolving Loans 28. Letter of Credit Obligations _________ 29. AVAILABILITY _________ - 85 - Prepared by: __________________________________________________ Certified by: __________________________________________________ Date: __________________________________________________ THIS WAREHOUSEMAN'S WAIVER, AGREEMENT AND CONSENT (this "Agreement") is made and delivered as of this __________day of __________2000, by [NAME OF WAREHOUSEMAN] (the "Lessor"), to and for the benefit of THE CIT GROUP/BUSINESS CREDIT, INC., having offices at 1211 Avenue of the Americas, New York, New York 10006 in its capacixx xx xxxxx xxx xxx Xxxxxxx, xx xxxxxxxxxxx xxxxxxx (in such capacity, the "Agent").
Less. Cash Distributions (through September 30, 1996) (661) (661) (634) (634) (574) (574) Estimated 1996 Rental Loss (16) (16) (16) Estimated 1996 Investment Interest Expense (11) (11) (11) (11) (11) (11) Estimated Current Basis Per Interest 1,379 2,040 1,405 2,043 1,479 2,068 THE FOREGOING ESTIMATE INCLUDES ESTIMATES OF THE ALLOCATED PORTIONS OF ITEMS ATTRIBUTABLE TO 1996 (INCLUDING INTEREST INCOME, AND PASSIVE ACTIVITY LOSSES). EACH LIMITED PARTNER MUST DETERMINE HIS OWN ADJUSTED BASIS. Under the foregoing and utilizing the estimated adjusted tax basis, an original Limited Partner whose Interests are purchased in the Offer would incur a gain of approximately $245 to $345 per Interest (on average) for taxable limited partners or a loss of approximately $316 to $344 per Interest (on average) for tax- exempt limited partners as follows: 1986 1986 1987 1987 1988 1988 Taxable Tax Exempt Taxable Tax Exempt Taxable Tax Exempt Cash for Interests 402 402 402 402 402 402 Relief from Non-Recourse Liabilities 1,322 1,322 1,322 1,322 1,322 1,322 Selling Price 1,724 1,724 1,724 1,724 1,724 1,724 Subtracted Basis (computed above) (1,379) (2,040) (1,405) (2,043) (1,479) (2,068) Taxable gain (loss) $ 345 $ (316) $ 319 $ (319) $ 245 $ (344) Such a loss will be a capital loss if the Interests are a capital asset in the hands of the current Limited Partner. Capital losses are deductible only to the extent of capital gains plus, in the case of a noncorporate taxpayer, ordinary income up to $3,000. Noncorporate taxpayers can carry a net capital loss forward until it is exhausted. Corporations can carry net capital losses back three years and forward five years. The actual taxable gain (loss) for any particular Limited Partner may vary depending on that Limited Partner's particular circumstances. For example, if a current Limited Partner acquired an Interest from another Limited Partner rather than in the initial offering of Interests, the current Limited Partner's basis for his Interests is probably not between $1,379 to $1,479 for taxable limited partners (the amounts shown above). Furthermore, if the Limited Partner has suspended passive activity losses from this Partnership or from any other activity, the Limited Partner may be able to offset the income allocated to him by the Partnership for 1996 by the amount of his suspended passive activity losses. The General Partner estimates that the amount of suspended passive activity losses from this Partnership would range from $325 t...
Less. “Less” “Current” “Current” Class ABV Units GOLV Units “Original Cost” Sales Units Units OLV Drilling Equipment DE Excavator E Pick-Up Trucks PU Crawler Crane CC Hauling H Tower Crane TC Conveyor CC Loader L Telehandler TLH SUV SUV Other Other Total Unencumbered M&E Less: Ineligible M&E Leased Assets Titled Vehicles/Other Not Perfected - Total Ineligible M&E Eligible GLV M&E Less: Liquidation Expenses Eligible Net Orderly Liquidation Value Advance Rate 85% Available M&E EXHIBIT D TO CREDIT AGREEMENT (FORM OF NOTICE OF BORROWING)
More Definitions of Less
Less means less satisfied than the reference country. ‘More’ means more satisfied than the reference country.
Less than lethal weapons” and an approved carrying case, and;
Less amounts due under clause 12 (Options) Less: GST (if any) Net amount payable to the Company Wire details (date, bank and account details) GEM Capital Commitment Agreement Reference: EYF Legal/70269901_1 Name of allottee If the allottee is GEM, GEM:
Less. Foreign Taxes Withheld............................ (129) ----------------------------------------------------------------- -------------- Total Income.......................................... 805 ----------------------------------------------------------------- -------------- EXPENSES Investment Advisory Fees................................ 375 U.S. Administrative and Transfer Agent Fees.............
Less. Net collections since last certificate ( – ) >
Less toxic than Vitamin C” i. “Safe”