Common use of Financing of Accounts Clause in Contracts

Financing of Accounts. The second sentence of Section 2.1.1 is deleted in its entirety and replaced with the following: Subject to all terms, conditions and limitations set forth herein, the aggregate face amount of all Financed Receivables outstanding at any time may not exceed Fifteen Million Dollars ($15,000,000) (the “Facility Amount”), and the aggregate amount of all outstanding Advances at any time may not exceed Twelve Million Dollars ($12,000,000).

Appears in 2 contracts

Samples: Loan and Security Agreement (Forescout Technologies, Inc), Loan and Security Agreement (Forescout Technologies, Inc)

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Financing of Accounts. The second sentence of Section 2.1.1 is deleted in its entirety and replaced with the following: Subject to all terms, conditions and limitations set forth herein, the aggregate face amount of all Financed Receivables outstanding at any time may not exceed Fifteen Fifty Million Dollars ($15,000,00050,000,000.00) (the “Facility Amount”), and the aggregate amount of all outstanding Advances at any time may not exceed Twelve Million Dollars ($12,000,000)the Net Availability Amount.

Appears in 2 contracts

Samples: Loan and Security Agreement (Forescout Technologies, Inc), Loan and Security Agreement (Forescout Technologies, Inc)

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