Examples of Net Forced Liquidation Value in a sentence
Culain Capital sources of funding consisted of a $3 million factoring facility secured by a first position in accounts receivable with advances limited to 85% of eligible receivables and a $1.5 million term loan based on a maximum advance of 50%of the Net Forced Liquidation Value of machinery and equipment.
The Revolving Credit Facility Maximum shall include Availability under the Borrowing Base Report against eligible Equipment of the Borrower in the amount of F IFTY PERCENT (50%) of the current appraised Net Forced Liquidation Value but, taken as a whole with Availability under the Revolving Accounts Receivable Sub-Limit, the Revolving Inventory Sub-Limit, and the Revolving Real Estate Sub-Limit, shall not exceed the total Revolving Credit Facility Maximum.