Accounts Formula Amount. 85% of the Value of Eligible Accounts; provided, however, that such percentage shall be reduced by 1.0% for each percentage point (or portion thereof) that the Dilution Percent exceeds 5%.
Appears in 6 contracts
Samples: First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.), First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.), First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.)
Accounts Formula Amount. 85% of the Value of Eligible Accounts; provided, however, that such percentage shall be reduced by 1.0% for each percentage point (or portion thereof) that the Dilution Percent exceeds 55.0%.
Appears in 3 contracts
Samples: Loan and Security Agreement (Bespoke Capital Acquisition Corp), Loan and Security Agreement (Vintage Wine Estates, Inc.), Loan and Security Agreement (Bespoke Capital Acquisition Corp)
Accounts Formula Amount. 85% of the Value of Eligible Accounts; provided, however, that such percentage shall be reduced by 1.01.00% for each percentage point (or portion thereof) that the Dilution Percent exceeds 55.00%.
Appears in 3 contracts
Samples: Loan Agreement (School Specialty Inc), Loan Agreement (School Specialty Inc), Loan Agreement (School Specialty Inc)
Accounts Formula Amount. 85% of the Value of Eligible Accounts; provided, however, that such percentage shall be reduced by 1.02.0% for each percentage point (or portion thereof) that the Dilution Percent exceeds 57.5%. By way of example, if the Dilution Percent is 10.5%, then the Accounts Formula Amount shall be 79%.
Appears in 1 contract
Samples: Loan and Security Agreement (Frozen Food Express Industries Inc)
Accounts Formula Amount. 85% of the Value of Eligible Accounts; provided, however, that such percentage shall be reduced by 1.0% for each whole percentage point (or portion thereof) that the Dilution Percent exceeds 55.0%.
Appears in 1 contract
