ADDITIONAL DEFINITIONS AND TERMS. 10.1 (a) Maximum Credit $2,000,000
ADDITIONAL DEFINITIONS AND TERMS. 10.1 (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. 10.1 Definitions Applicable to Revolving Loans and Other Credit Accommodations.
ADDITIONAL DEFINITIONS AND TERMS. 10.1 (a) Maximum Credit: $30,000,000 inclusive of all Revolving Loans, Accommodations, Real Property Term Loans, the Equipment Loan and all Capital Expenditure Loans
ADDITIONAL DEFINITIONS AND TERMS. 10.1 (a) MAXIMUM CREDIT:
ADDITIONAL DEFINITIONS AND TERMS. 10.1 Maximum Credit; Availability Calculations
ADDITIONAL DEFINITIONS AND TERMS. 10.1 (a) Maximum Credit: $12,000,000.00 (b) Gross Availability Formulas: Eligible Accounts Percentage: 75% provided that if dilution as determined by Lender (non cash reduction in the value of the Accounts caused by returns, allowances, credits or the like) exceeds 10%, the Eligible Accounts percentage shall be reduced by 1% for each percent of dilution in excess of 10%.
ADDITIONAL DEFINITIONS AND TERMS. 10.1 (a) Maximum Credit: the lesser of $15,000,000 or (1) 33 1/3% plus $2,000,000 from the date hereof through December 31, 1995, (2) 33 1/3% plus $1,000,000 from January 1, 1996 through March 31, 1996 and (3) 33 1/3% thereafter, of the prior three months' collections, to be determined by Lender on a monthly basis (aggregate for both Borrowers)
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. 26 10.1. UNLESS OTHERWISE INDICATED BELOW, THE LIMITS ON AVAILABILITY ARE LIMITS APPLICABLE TO BOTH BORROWERS IN THE AGGREGATE AND NOT INDIVIDUALLY:.........................26 10.2. TERM LOAN:.....................................................28 10.3. ACCOMMODATIONS:................................................28 10.4. INTEREST, FEES & CHARGES:......................................28 10.5. FINANCIAL COVENANTS:...........................................29 10.6. MISCELLANEOUS:.................................................31 10.7. TERM...........................................................32 LOAN AND SECURITY AGREEMENT This Agreement is between the undersigned Borrower and the undersigned Lender concerning loans and other credit accommodations to be made by Lender to Borrower. Terms capitalized and not otherwise defined herein shall have the meanings assigned to such terms in Exhibit A attached hereto.
