Receivable Performance Covenants. The Seller shall not violate or fail to comply with any of the following covenants as of any Settlement Date: (i) Default Ratio shall be less than 5.5%; (ii) Delinquency Ratio shall be less than 2.2%; (iii) Gross Dilution Ratio shall be less than 4.0%; (iv) Receivables Collection Turnover shall be less than 65 days; and (v) Seller's Net Worth Percentage shall not be less than 5.0%.
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Sources: Securitization Agreement (Cone Mills Corp), Securitization Agreement (Cone Mills Corp)
Receivable Performance Covenants. The Seller shall not violate or fail -------------------------------- to comply with any of the following covenants as of any Settlement Date:
(i) Default Ratio shall be less than 5.5%;; Annex G to Purchase Agreement -----------------------------
(ii) Delinquency Ratio shall be less than 2.2%;
(iii) Gross Dilution Ratio shall be less than 4.0%;
(iv) Receivables Collection Turnover shall be less than 65 days; and
(v) Seller's Net Worth Percentage shall not be less than 5.0%.
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Receivable Performance Covenants. The Seller shall not violate or fail to comply with any of the following covenants as of any Settlement Date:
(i) Default Ratio shall be less than 5.58.0%;
(ii) Adjusted Default Ratio shall be less than 4.0%;
(iii) Delinquency Ratio shall be less than 2.2%;
(iiiiv) Gross Dilution Ratio shall be less than 4.03.0%;
(ivv) Receivables Collection Turnover shall be less than 65 70 days; and
(vvi) Seller's Net Worth Percentage shall not be less than 5.0%.
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