Available Credit; Paydown. On receipt of each Schedule, DFS will credit Dealer with such amount as DFS may deem advisable up to the remainder of (a) the sum of (i) Ninety Percent (90%) of the net amount of the eligible Government Accounts listed in such Schedule plus (ii) Eighty-Five Percent (85%) of the net amount of the eligible Non-Government Accounts listed in such Schedule (the applicable percentage set forth in (a)(i) and (a)(ii) is hereinafter referred to as the "Advance Rate"), minus (b) the amount of Dealer's SPP Deficit (as defined below) under Dealer's Agreement for Wholesale Financing (the 'AWF') with DFS as in effect from time to time (the 'Available Credit').
Appears in 4 contracts
Samples: Paydown Addendum to Business Financing Agreement and Agreement for Wholesale Financing (Eplus Inc), Business Financing Agreement (Eplus Inc), Paydown Addendum to Business Financing Agreement and Agreement for Wholesale Financing (Eplus Inc)
