ADDITIONAL DEFINITIONS AND TERMS Sample Clauses

ADDITIONAL DEFINITIONS AND TERMS. 10.1 (a) Maximum Credit $2,000,000

ADDITIONAL DEFINITIONS AND TERMS. (a) Aggregate Maximum Credit for Borrower and Affiliated Borrower: $5,000,000; except that, from and after the first (1st) anniversary of the date hereof, the Maximum Credit shall be $6,500,000.

ADDITIONAL DEFINITIONS AND TERMS. (a) Maximum Credit (including any sums advanced under the EXIM Loan Agreement): $25,000,000 (b) Gross Availability Formulas: Eligible Accounts Percentage: 85% provided that the Dilution Percentage does not exceed 5%. The Dilution Percentage is the sum of Borrower's credits, allowances, discounts, write-offs, contra-accounts and offsets and deductions which reduce the value of Accounts divided by gross invoices. The Dilution Percentage shall be calculated on a rolling 90 day average. If the Dilution Percentage exceeds 5%, then the Eligible Accounts Percentage shall be reduced at Lender's discretion by such excess Dilution Percentage and Lender may create a Reserve for such excess.

ADDITIONAL DEFINITIONS AND TERMS. (a) Maximum Credit: $10,000,000 (b) Gross Availability Formulas: Eligible Accounts Percentage: 90% provided that the Dilution Percentage does not exceed 5%. The Dilution Percentage is the sum of Borrower's credits, allowances, discounts, write-offs, contra-accounts and offsets and deductions which reduce the value of Accounts divided by gross invoices. The Dilution Percentage shall be calculated on a rolling 90 day average. If the Dilution Percentage exceeds 5%, then the Eligible Accounts Percentage shall be reduced at Lender's discretion by such excess Dilution Percentage and Lender may create a Reserve for such excess.

ADDITIONAL DEFINITIONS AND TERMS. (a) Maximum Credit: $30,000,000 inclusive of all Revolving Loans, Accommodations, Real Property Term Loans, the Equipment Loan and all Capital Expenditure Loans (b) Gross Availability Formulas: Eligible Accounts Percentage: 90%(1) Eligible Inventory Percentages Raw Materials: 60% (1) Provided that if dilution exceeds 6%, the advance rate shall be reduced 1% for each percent of dilution above 6%.

ADDITIONAL DEFINITIONS AND TERMS. 35 List of Schedules SCHEDULE A Closing Conditions SCHEDULE B Permitted Liens SCHEDULE C Form of Borrowing Base Certificate SCHEDULE D Permitted Indebtedness SCHEDULE E Inventory Locations SCHEDULE F Other Offices SCHEDULE G Trade Names SCHEDULE H Intellectual Property SCHEDULE I Form of Promissory Note SCHEDULE J Form of Legal Opinion i 3 Definitions Index

ADDITIONAL DEFINITIONS AND TERMS. 10.1. Unless otherwise indicated below, the limits on availability are limits applicable to both Borrowers in the aggregate and not individually: (a) Maximum Credit: (b) Gross Availability Formulas: (i) Eligible Accounts Percentage: 85% provided that if the accounts dilution percentage exceeds 4%, the Eligible Accounts Percentage shall be reduced by an amount satisfactory to Lender

ADDITIONAL DEFINITIONS AND TERMS. 10.1 Definitions Applicable to Revolving Loans and Other Credit Accommodations. (a) Maximum Credit: $35,000,000.00 (b) Gross Availability Formulas: Eligible Accounts Percentage: 85%, provided that the Dilution Percentage does not exceed 5%. The Dilution Percentage is the sum of Borrower's credits, allowances, discounts, write-offs, contra-accounts and offsets and deductions which reduce the value of accounts receivable (exclusive of warranties) divided by gross invoices. The Dilution Percentage shall be calculated on a rolling 90 day average. If the Dilution Percentage exceeds 5% then the Eligible Accounts Percentage shall be reduced by 1% for every 1% in Dilution Percentage above 5%. Eligible Inventory Percentages:

ADDITIONAL DEFINITIONS AND TERMS. (a) Maximum Credit: Five Million Dollars ($5,000,000.00) (b) Gross Availability Formulas: Eligible Accounts Percentage: (i) Fifty five percent (50%) of Dial Around Pay Phone Compensation Plan Accounts; (ii) Eighty five percent (85%) of the 1+ Coin Sent Paid Long Distance Services Accounts so long as the Dilution Percentage of such accounts (ADilution Percentage@ is defined as the sum of all credits, discounts, allowances, write-offs, contra-accounts, and other offsets which reduce the value of accounts receivable, as determined by Lender in its sole discretion, divided by the gross sales), as calculated on a rolling 90 day basis, remains less than or equal to five percent (5%). If the Dilution Percentage is greater than five percent (5%) then the advance formula will be decreased by one percentage point for each percentage point or fraction thereof that such dilution percentage exceeds five percent (5%); (iii) Eighty percent (80%) of 1+ Direct Dial Long Distance Services Accounts so long as the Dilution Percentage of such accounts, as calculated on a rolling 90 day basis, remains less than or equal to ten percent (10%). If the Dilution Percentage is greater than ten percent (10%) then the advance formula will be decreased by one percentage point for each percentage point or fraction thereof that such dilution percentage exceeds ten percent (10%); and (iv) The above sections 10.1(b)(i), (ii) and (iii) notwithstanding, without in any way limiting Lender's right to institute other Reserves from time to time during the Term of the Revolving Loans, Lender may establish such Reserves in amounts as it shall deem appropriate from Gross Availability, including but not limited to, a reserve for federal excise taxes, state taxes, public utility charges, commissions due agents or sales persons, billing and collection charges, a reserve for commissions due to NYNEX of at least fifty-five percent (55%) of amounts due with respect to prepaid calling cards, and a reserve of at least five percent (5%) for all 1+ Coin Sent Paid Long Distance Services Accounts and Dial Around Pay Phone Compensation Plan Accounts.

ADDITIONAL DEFINITIONS AND TERMS. 10.1 Maximum Credit; Availability Calculations (a) Maximum Credit: $70,000,000. (b) Gross Availability Formulas: (i) Eligible Domestic Accounts Percentage: