Collateral Status. The Grantors will promptly notify the Administrative Agent if there is any adverse change in the status of the Collateral that would reasonably be expected to have a Material Adverse Effect or that would materially and adversely affect the ability of any Grantor or the Administrative Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Administrative Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof.
Collateral Status. The Borrowers and Guarantors will promptly notify the Agent if there is any adverse change in the status of the Collateral that materially impairs its value or collectibility, or if any defenses, set-offs or counterclaims are asserted by Account Debtors which in the aggregate materially impair the value or collectibility of the Accounts.
Collateral Status. The Grantor will promptly notify the Administrative Agent if there is any adverse change in the status of the Collateral that would reasonably be expected to have a Material Adverse Effect.
Collateral Status. The Grantors will promptly notify the Bank if there is any adverse change in the status of the Collateral that materially impairs its value or collectibility, or if any defenses, set-offs or counterclaims are asserted by Account Debtors which in the aggregate materially impair the value or collectibility of the Accounts.
Collateral Status. The Alico Stock is freely tradable, without restrictions or registration, on a public exchange or quotation system (NASDAQ) and no further action is required to trade the Alico Stock.
Collateral Status. 1. Total Accounts (as set forth in the attached aged trial balance) $_____________
Collateral Status. Sub. Coll Gross Advance Net Values Collateral % Collateral --------------------------------- ------------------------------ 1. Previous assigned A/R balance: $ _____________ (previous CMR line 4) Date: __/__/__ 2. Additions to A/R (2A+B): $ ___________________________________________ A. New Xxxxxxxx $ B. Adjustments $ 3. Deductions from A/R (3A+B+C): ($ _____)_____________________ A. Cash Receipts $ B. Credits $ C. Adjustments $ 4. New Assigned A/R balance (1+2-3): $ 5. A/R Aging Report (Date: __/__/__) $ * * New Assigned A/R Balance and A/R Aging Report (Lines 4 and 5) must equal each other* * ================================================================================================================== 6. Less Adjustments: $ A. Unapplied Cash $ B. Other $ 7. Adj. assigned A/R balance (4-6): $ 8. Less Ineligible A/R: $ A. A/R Over 90 Days $ B. 50% Rule $ C. Contra Accts (A/P Offset) $ D. Other $ E. __________________ $ F. __________________ $ G. __________________ $ H. __________________ $ I. Securitization A/R $ 9. Total A/R Eligible Collateral: $_______________%______$ (Line 7 - Line 8 X Advance Rate) 10. Other A/R Collateral A. __________________ $_______________%______$ B. __________________ $_______________%______$ 11. Inventory Collateral $_______________%______$ A. IBM Credit Financed Eligible Inventory $_______________%______$ B. __________________ $_______________%______$ C. __________________ $_______________%______$ 12. Other Collateral A. RMA $_______________%______$ B. Price Protection $_______________%______$ C. __________________ $_______________%______$ D. __________________ $_______________%______$ 13. Total Net Eligible Collateral (9+10+11+12) $
Collateral Status. The Borrower, the Guarantors and the other Loan Parties will promptly notify the Bank if there is any adverse change in the status of the Collateral that materially impairs its value or collectibility, or if any defenses, set-offs or counterclaims are asserted by Account Debtors which in the aggregate materially impair the value or collectibility of the Accounts.
