Description of Certain Terms Sample Clauses

Description of Certain Terms. Loan Limits for Revolving Loans and Letters of Credit:
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Description of Certain Terms. (a) Loan Limits for Revolving Loans (i) Maximum Revolving Facility Amount $25,000,000 (b) Advance Rates (i) Credit Card Advance Rate Ninety percent (90%) (ii) Specified Customer Advance Rate Ninety percent (90%); provided that if Dilution exceeds five percent (5%), Agent may, at its option, (A) reduce such advance rate by the number of full or partial percentage points comprising such excess or (B) establish a Reserve on account of such excess (the “Specified Customer Dilution Reserve”) (iii) Accounts Advance Rate Eighty-five percent (85%); provided that if Dilution exceeds five percent (5%), Agent may, at its option, (A) reduce such advance rate by the number of full or partial percentage points comprising such excess or (B) establish a Reserve on account of such excess (the “Dilution Reserve”). (c) Inventory Advance Rate(s) (i) Cost or market value: Sixty-five percent (65%) (ii) NOLV: Ninety percent (90%) (d) In-Transit Inventory Sublimit $2,500,000 (e) Interest Rates Prior the first day of the month following Agent’s receipt of financial statements for the Fiscal Year ending February 1, 2020: Four and one-half percent (4.50%) per annum in excess of the Adjusted Term SOFR, for SOFR Loans, or
Sample 1
Description of Certain Terms. Loan Limits for Revolving Loansand Letters of Credit:
Sample 1
Description of Certain Terms. Loan Limits for Revolving Loans (a) Maximum Revolving Facility Amount $60,000,00075,000,000
Sample 1
Description of Certain Terms. (a) Loan Limits for Revolving Loans (i) Maximum Revolving Facility Amount $25,000,000 (b) Advance Rates (i) Credit Card Advance Rate Ninety percent (90%) (ii) Specified Customer Advance Rate Ninety percent (90%); provided that if Dilution exceeds five percent (5%), Agent may, at its option, (A) reduce such advance rate by the number of full or partial percentage points comprising such excess or (B) establish a Reserve on account of such excess (the “Specified Customer Dilution Reserve”) (iii) Accounts Advance Rate Eighty-five percent (85%); provided that if Dilution exceeds five percent (5%), Agent may, at its option, (A) reduce such advance rate by the number of full or partial percentage points comprising such excess or (B) establish a Reserve on account of such excess (the “Dilution Reserve”). (c) Inventory Advance Rate(s) (i) Cost or market value: Sixty-five percent (65%) (ii) NOLV: Ninety percent (90%) (d) In-Transit Inventory Sublimit $2,000,000 (e) Interest Rates Prior the first day of the month following Agent’s receipt of financial statements for the Fiscal Year ending February 1, 2020: Four and one-half percent (4.50%) per annum in excess of the LIBOR Rate, for LIBOR Loans, or Three and one-half percent (3.50%) per annum in excess of the Base Rate, for Base Rate Loans. Thereafter: See “Applicable Margin” definition in Section 2 below. (f) Maximum Days Eligible Accounts (i) Maximum days after original invoice date for Eligible Accounts Ninety (90) days (ii) Maximum days after original invoice due date for Eligible Accounts Sixty (60) days (g) Agent’s Bank Bank: Xxxxx Fargo Bank, National Association Account Name: Encina Business Credit SPV, LLC Account # 000-000-0000 ABA Routing # 000-000-000 Reference: Etailz Inc. (which bank may be changed from time to time by notice from Agent to Borrower Representative)
Sample 1

Related to Description of Certain Terms

  • Definition of Certain Terms For purposes of this Agreement, (a) “business day” means any day on which the New York Stock Exchange, Inc. is open for trading and (b) “subsidiary” has the meaning set forth in Rule 405 of the Rules and Regulations.

  • Construction of certain terms In this Agreement:

  • Use of Certain Terms As used in this Agreement, the words “herein,” “hereof,” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular paragraph, subparagraph, section, subsection, or other subdivision. Whenever the context may require, any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa.

  • Construction of Certain Terms and Phrases Unless the context of this Agreement otherwise requires, (i) words of any gender include each other gender; (ii) words using the singular or plural number also include the plural or singular number, respectively; (iii) the terms "hereof," "herein," "hereby" and derivative or similar words refer to this entire Agreement; (iv) the terms "Article" or "Section" refer to the specified Article or Section of this Agreement; and (v) the phrases "ordinary course of business" and "ordinary course of business consistent with past practice" refer to the business and practice of Seller in connection with the Business. Whenever this Agreement refers to a number of days, such number shall refer to calendar days unless Business Days are specified. All accounting terms used herein and not expressly defined herein shall have the meanings given to them under GAAP.

  • Meaning of Certain Terms Except as otherwise defined herein, all capitalized terms used herein have the same meaning as in the Plan. The following terms have the following meanings:

  • Definitions of Certain Terms The terms "interested person" and "affiliated person," when used in this Agreement, shall have the respective meanings specified in the 1940 Act and the rules and regulations thereunder, subject to such exemptions as may be granted by the Securities and Exchange Commission.

  • Survival of Certain Terms The provisions of Sections 4.1 (a), ------------------------- 4.2 (a) (i), 4.2(b)(i), 4.3, 5.4, 5.5, 6, 7.1, 7.2, 7.3, 8, 9, and 10 will survive the expiration or termination of this Agreement for any reason. All other rights and obligations of the parties will cease upon expiration or termination of this Agreement.

  • Definition of Certain Terms Used Herein As used herein, the following terms shall have the following meanings:

  • Use of Certain Words Unless the context requires otherwise: (i.) “including” (and any of its derivative forms) means including but not limited to;

  • Construction of Certain References References to: (a) the records of Euroclear and Clearstream, Luxembourg shall be to the records that each of Euroclear and Clearstream, Luxembourg holds for its customers which reflect the amount of such customers’ interests in the Notes; (b) other capitalised terms not defined in this Agreement are to those terms as defined in the Conditions; (c) principal and interest shall be construed in accordance with Condition 5; and (d) costs, charges, remuneration or expenses include any value added, turnover or similar tax charged in respect thereof.

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